In the era of globalization and remote work opportunities, choosing a place to live becomes a strategic decision for freelancers. Among the numerous attractive destinations worldwide, Paraguay stands out as a country with unique advantages for those seeking to create the perfect blend of professional growth and comfortable living.
Let’s explore 10 reasons why freelancers are increasingly choosing Paraguay as their new home.
10 Reasons Why Freelancers Choose Paraguay
- Tax Incentives: In Paraguay, freelancers can enjoy a favorable tax system where minimal tax obligations allow them to retain more of their earnings. The personal income tax rate ranges from 8% to 10%. Paraguay is one of the few countries that apply the territorial tax principle, taxing only income earned within the country. In case you receive money from abroad, the rate can be as low as 0%.
- Easy Residency Process: The process of obtaining a temporary residence permit in Paraguay is characterized by its simplicity and transparency, significantly facilitating the relocation for freelancers. There are practically no requirements for residency, as seen in many European countries. To obtain temporary residency in Paraguay, all you need is the desire and a clean history. In some cases, a visa may be required for entry.
- Fast Permanent Residency and Citizenship: After just 2 years of living in Paraguay with temporary residency, you can apply for a permanent residence permit in Paraguay. Citizenship in Paraguay can be applied for as early as 1 year after obtaining permanent residency. This is one of the fastest routes to naturalization.
- Quick Path to Spanish Citizenship: By acquiring Paraguayan citizenship, you can apply for temporary residence permit in Spain. After 2 years of living in Spain with residency, you can submit the documents for Spanish citizenship.
- No Residency Requirements: Paraguay has minimal residency requirements for document renewals. To renew temporary residency, you only need to reside in the country for at least 1 day per year, and for permanent residency renewal, it’s 1 day every 3 years. This flexibility allows considering Paraguay as a contingency plan for challenging life situations.
- Cost of Living: Life in Paraguay is marked by affordable prices for housing, groceries, and services, making it particularly attractive for remote workers who want to maximize their budget.
- Natural Riches: Freelancers seeking inspiration in nature will appreciate the beauty of Paraguay’s landscape, from picturesque lakes to stunning national parks.
- Modern Technologies: The rapid development of technologies in Paraguay ensures reliable internet connectivity and modern communication tools necessary for successful remote work.
- Hospitality of Locals: Paraguayans are known for their warm welcome and hospitality, creating an atmosphere conducive to creativity and productive work.
- Geographical Location: The convenient geographical location of the country provides freelancers easy access to various regions of South America, opening up new opportunities for professional and personal growth, as well as business ventures.
Choosing Paraguay as a freelance destination combines financial, cultural, and natural advantages, creating an ideal environment for those seeking to integrate work and a high-quality lifestyle.
If you’re interested in moving to Paraguay, leave an application on our website or contact us through any convenient means!
