Last week’s series was about Argentina (you know where the link is), and today I will tell you about a country you are probably hearing about for the first time: Paraguay.
This is where and why do people go here? Imagine throwing a dart into the center of South America. The most accurate will hit Bolivia (but you don’t need to go there). The wise ones will have a little shake of the hand and the dart will land a little lower – just in Paraguay.
What’s Paraguay good for?
💰Lowest tax burden for individuals and businesses. 0% on foreign income. 10% rnds, 10% income tax. That said, if the words “tax residency in the Caribbean” causes the “offshore!” light bulb to go off in the regulator’s head, Paraguay is still an unpopular country that no one will have any associations about.
💵 Special trade zone with incentives and neighboring Brazil and Argentina: you’d be surprised how many business niches are untapped in Latam, and here’s a great entry point to the mainland.
🪪A nice bonus is the easy path to citizenship through investment (visa-free entry to Schengen!)
🏡 And finally, Paraguay is a quiet slow distant country, which in 2024 is a big plus. If some other shit happens in Eurasia, it’ll take a week for the news to even reach Paraguay. For 400$ here you can rent a great spacious apartment in a new one with a pool and security and wait out any apocalypse. It’s warm all year round. The local Yandex store runs like clockwork, a hipster introvert’s paradise.
And what associations do you have with the word Paraguay?
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