Paraguay offers one of the world’s cheapest and easiest paths to permanent residency. To qualify, an individual must establish a company in Paraguay with a nominal minimum capital of US$70,000. This amount, however, may be invested over a ten-year period.
Upon initial approval, the applicant travels to Paraguay to establish the company and apply for permanent residency, which is typically approved within 45 days.
Following three years of permanent residency in Paraguay, applicants can qualify for naturalization as long as they speak one of the country’s two official languages and have memorized the national anthem.
To qualify for permanent residency in Paraguay, applicants need to submit the requisite documentation, travel to Paraguay, and establish a company through an appointed representative to the SUACE office.
Applicants have ten years to invest US$70,000. In practice, however, full investment may not be necessary, particularly if the applicant has already received citizenship.
Documents required include:
Additional application, company formation, and registration fees amounting to some US$14,000 also apply.
After three years of being a permanent resident of Paraguay, individuals may apply for citizenship. To be approved for naturalization, the applicant must have spent at least six months each year in Paraguay during the preceding three years, speak Spanish or Guaraní, and be able to write down from memory the lyrics of the national anthem.
Browse 195 countries’ paths to citizenship in the hyper-detailed IMI Citizenship Catalog.
Applications for this program may be directed to Directorate General of Migration.
Legislation upon which this program is based: Law 978/96 and its regulatory decrees decree no. 18.295/97, decree no. 11.026/00, decree no. 1.726/09, by law 3.582/08 and by law 2.406/04.
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See more statistics on this program and others in the IMI Data Center.
