Paraguay Country Profile

For more details visit Paraguay Passport Ranking
  • Passport Grade
  • Passport Ranking
  • Passport Score
  • Visa-free Countries
  • Visa-required Countries
  • Access to the World's GDP
  • Access to the World's Surface Area
  • Access to the World's Population
  • Access to the Unesco Sites
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    Unrestricted: Any child born in the country automatically becomes a citizen.
Naturalization - Standard Conditions
  • Minimum residency period
    3 years
  • Physical presence requirement
    No specific requirements, but in practice, better to spend some time every year
  • Language test
    Yes, Spanish
  • Need to renounce original citizenship?
  • Can minor children naturalize?
    No, a child must turn 18 to naturalize
  • Can naturalized parents pass citizenship to a child born abroad?
    Must submit a case in a Paraguay court. Must be in Paraguay to do that. The process takes approximately 6 months.
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
    Yes / Yes
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    No provisions
  • Living ABROAD: Marriage requirement
    No provisions
  • Language test
    No provisions
  • Need to renounce original citizenship?
    No provisions
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    No provisions
  • Citizens of specific countries
    No provisions
"–": The provision has not been analysed.
For more details visit Cost of Living
  • Taxation Type
A tax resident of a country with a TERRITORIAL tax system pays taxes on the income generated within the country only. Income generated outside of the country remains tax-free.
Schiff Sovereign's Take on Paraguay
Paraguay is a study in contrasts: it’s gritty, but also has a charm that makes it attractive to the adventurous soul.

It’s one of two landlocked countries in South America (the other being Bolivia). It is also one of the poorest countries in this part of the world, with a very low cost of living.

Paraguay borders Argentina, Brazil and Bolivia, but culturally, it has more similarities with Argentina.

It is home to some interesting property investment opportunities. Agricultural property is inexpensive around Asuncion, the country’s capital and largest city. And land becomes even more inexpensive out in the Chaco region.

Granted, these areas are remote, and mostly suitable for ranching, not farming.

But beware that Paraguay is also notorious for GMOs and widespread pesticide use, so if you’re against those things, steer clear of this country.

Furthermore, widespread corruption might turn many businesspeople away, but the overall climate is ripe for innovative, Western-style products and services. (These would need to be inexpensive, though, as the Paraguayans are not very rich.)
The taxes are also some of the lowest in the region.

We once were bullish on Paraguay as a place to obtain residency and citizenship. You can become a Paraguayan resident by depositing a very modest amount of money in a local bank account. And you don't have to spend any time in Paraguay to keep your residency active.

Plus, the country’s laws state that you become eligible for naturalization after holding residency status for only three years, even if you don't live in the country.

The reality, however, is that successful naturalizations today are exceedingly rare.

And in the cases that we know of where people were able to obtain Paraguayan passports through naturalization, hefty bribes were reportedly required – which is definitely not something we recommend you consider.

And overall, the country’s reputation has been tarnished by scandals and stories of corrupt politicians selling passports outside of the system. 

So in short, there are better places in Latin America to consider if your objective is to obtain a second passport.

Still, Paraguay remains a viable place for foreign residency. And we do have a reliable and – most importantly, squeaky clean – contact on the ground who can help you with the process.
Schiff Sovereign's Rolodex
Service Providers available in Paraguay
  • Immigration (residency, citizenship)
  • Tax advice (attorneys and/or accountants)
  • Corporate services (company formation, etc.)
  • Banking contact
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Paraguay Overview
  • Region
    North and South America
  • Capital City
  • Largest City
  • Currency
    Paraguayan guaraní
  • Languages
    Spanish, Guarani
  • Population
    7.4 million (104th)
  • Life Expectancy
    78.4 years (69th)
  • GDP (Nominal)
    $41.9 billion (98th)
  • GDP/Capita
    $5,692 (115th)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Dirt-cheap (1/7)
  • Climate
    Very comfortable (1/5)
  • Safety
    Average (4/7)
  • Pollution
    Polluted (4/5)
  • English Proficiency
    Low (4/5)

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