The Paraguay residency process is in constant flux, but this is the latest information regarding the process. The government of Paraguay has been constantly adding extra hurdles to acquire residency and I believe one day they will end the current residency program and replace it with a residency by investment program similar to Panama. If you are on a budget and want to get a backup Plan B residency, don’t wait on this.
Process:
Hire an Attorney: First step is to hire an attorney in Paraguay. Warning, there are many scams out there and many unqualified attorneys that will not get the job done. The Bitcoin Capitalist has a Paraguayan attorney and getting residencies is all they do, you will not be getting a Paraguayan real estate attorney who is trying to get you residency, with no idea what they are doing. Hire Bitcoin Capitalist
Review the process - consultation
Get Documents:
You must obtain all the required documents and submit them to our attorney before making the trip to Paraguay.
FBI background check / Apostilled by state department
Birth Certificate / Apostille by state of issuance
Copy of Passport / Certified by notary
First Paraguay Visit: You will be required to come stay in Asuncion, Paraguay for at least a week, while we apply for your temporary residence. In case there are any delays, it would be prudent to give yourself a few extra days to complete this process. Your physical presence is not required for several appointments, our attorney can go without you once you are in the country and we have your passport. Enjoy exploring the country, but I recommend staying in Asuncion until the residency process is complete. At the end of trip you will be issued a Paraguayan temporary residency I.D. card.
Visa: Paraguay now allows visa free travel, but you need a visa to start the residency process, I know a little confusing. When you land at Silvio Pettirossi International Airport there is a counter where you can buy a 90 day visa for $50, which allows you to start the process of becoming a Paraguayan resident. After December 31, 2023 the government of Paraguay will most likely be requiring residency seekers to have their attorney apply for visa approval and after approval the residency seeker will be required to go in person to the Paraguayan embassy in their home country. They will be required to show their passport and pay a $150 fee in order to obtain a visa to start the residency process. So if you are planning to get Paraguayan residency, I highly recommend going before December and saving yourself a lot of time and money.
Second Paraguay Visit: In two years you need to return back to Paraguay for another week and we will convert your temporary residency into a permanent residency.
Citizenship: 36 months after temporary residency is issued, you can apply for citizenship, but there are many factors involved with this so consult with our attorney.
No Show Residency: Paraguay does not require you to live in Paraguay in order maintain your residency, the only stipulation is the you enter the country every two years.
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