Paraguay citizenship by investment

The investment programme in Paraguay

This programme offers a convenient way to obtain a second passport for those seeking new opportunities and relocation options in 2024. Foreign individuals can acquire Paraguayan citizenship by investing in the country. These investments can be directed toward businesses or other economically significant projects.

The first stage of the programme is to apply for a short-term residence permit, which allows the investor to legally stay in the country. After living in the country for two years with a temporary residency permit, the investor can apply for permanent residency and after an additional minimum of one year, obtain a passport.

Residency in Paraguay offers visa-free travel and a simplified visa regime with over 140 countries, along with the benefits of dual citizenship and favourable tax conditions. The country is also recognised for its stable economy and high level of security, making it an attractive destination for investors worldwide.

It is important to note that to obtain Paraguay’s investment citizenship, an investor must have resided in the country for at least 183 days each year for three years. Citizenship by investment in Paraguay offers unique opportunities for investors seeking to expand their portfolio with relatively small investments.

What documents are required to obtain citizenship in Paraguay

To obtain a second passport, the investor must prepare the following documents:

1. A valid passport from their country
2. A certificate of no criminal record from their country of residence
3. Results of a medical examination confirming good health
4. Birth and marriage certificates (if applicable) and their certified copies
5. Documents confirming investments in the country's economy
6. Documents proving the applicant has met the required number of days in Paraguay as per Paraguay’s citizenship requirements
7. A bank account statement showing a balance of at least EUR 5,000

Visa-free entry to 140+ countries with a Paraguayan passport

With a Paraguayan passport, you can visit over 140 countries without a visa, including popular destinations such as Germany, France, Italy, Spain, Great Britain, Switzerland, Russia, Japan, South Korea, Singapore and Brazil.

The cost of obtaining a passport in Paraguay

Obtaining a Paraguayan passport involves not only time and effort but also financial costs. The total expenses average around EUR 7,200.

Initial expenses include paying for the services of legal consultants and agents who will guide you through all stages of the process of how to get Paraguay’s citizenship. The cost of expert assistance ranges from EUR 2,000 to EUR 3,000, depending on the intricacy of the situation and the expertise of the advisors.

You should also consider the costs of preparing and certifying the papers. This phase includes translating documents into Spanish and notarising and apostilling them. Such services can cost EUR 1,500.

Additional financial costs include medical exams and certificates of no criminal record. Medical examinations typically cost around EUR 200, while certificates of no criminal record are approximately EUR 100.

Opening a bank account will cost about EUR 1,000.

You need to pay attention to the administrative fees and levies charged by government agencies to review your application. The value of duties is EUR 260.

Receiving permanent residence and moving to Paraguay require having a bank account balance of at least EUR 5,000.

Citizens of which countries can obtain citizenship in Paraguay?

Citizens of Russia, USA, Canada, Great Britain, Germany, France, Italy, Spain, Australia, New Zealand and Japan can participate in this programme.