How to obtain residence in Paraguay by investing?
The Paraguay Residence by Investment Program is the most affordable South American investor’s immigration solution.
The necessary amount of investment is 70,000 USD and you have ten years to spend it on your business or investment project. The investor must finance his/her project after arriving in Paraguay. First of all the applicant receives the Paraguay investment visa to be able to entry in Paraguay, the next steps are the company forming and the application for the permanent residence permit.
However, if you need a visa to enter in Paraguay, the registration as an investor will help you a lot to be able to start and finish the process fast. This investor program leads to citizenship but it is a residency and not a citizenship by investment program. Permanent Residents of Paraguay can apply for the citizenship status after three years but the naturalization process takes approximately two more years.
So, practically, you must to do any kind of business in Paraguay. It’s not a real residency by investment program but an entrepreneur immigration scheme. The basis of the program is the registration of a company and not to invest. The 70,000 USD is the amount which is enough to start and do something small in ten years time. Like a restaurant, bar or shop.
Paraguay is a welcoming country, so this amount is not high, they don’t expect you to buy something or give to the state as a donation.
The time schedule:
You become a permanent resident
You receive your ID card
You do your business to have enough money to live.
What are the advantages of the Paraguay Residency by Investment Program?
It is the fastest way to receive the Permanent Resident Permit of Paraguay
This program has the lowest necessary amount of investment of all residency by investment programs!
The investor must register first and must start to spend the amount of investment only after the arrival in Paraguay
The investor can invest literally in any business! There are no qualifying requisites
There is no deposit for investors during the immigration process! In the case of the ordinary process for the permanent residence permit, applicants must deposit app. 5,000 USD for the time frame of the process in a local bank. For investors, the amount of investment is proof of solvency.
Process of the registration as investor in Paraguay
Before applying for residency, applicants must register in the Unified System of Opening and Closing Companies (SUACE), and must submit the authenticated copy by a Public Notary of the following documents:
Identity Document or Passport,
Certificate of Criminal from the country of the client,
Interpol Certificate and
Proof of entry to the country.
Fill in the application form for the request of proof of foreign investor, provided by SUACE. Affidavit of commitment to open a company before SUACE, with a certification of signatures by Public Notary.
Profile of the investment project signed by all partners of the enterprise.
After filing the application for registration as a foreign investor in SUACE, the Ministry of Industry and Commerce is responsible for issuing the registration certificate within a maximum period of 8 business days.