Paraguay: A Tax Haven and Quiet Harbor in the Heart of Latin America
Where Paraguay is and why you'd even go there
I'm continuing my series on what makes different Latin American countries great for living and doing business. Last time was Argentina, and today I'll tell you about a country you've probably never heard of: Paraguay.
Where is it, and why do people move here? Picture throwing a dart at the center of South America. The best shots land in Bolivia (but you don't want to go there). The wise ones flinch slightly and the dart lands a bit lower — right in Paraguay.
Paraguay — the region's leader in low taxes
💰The lowest tax burden in the region for both individuals and businesses. 0% on foreign income. 10% VAT, 10% income tax. And while the words "tax residency in the Caribbean" make every regulator's alarm bell go off screaming "offshore!", Paraguay is still obscure enough that nobody has any associations with it at all.
Business opportunities and geography — Paraguay as a gateway to Latin America
💵 A special trade zone with tax breaks, plus borders with Brazil and Argentina: you'd be surprised how many business niches in Latin America are still wide open, and this is a great launchpad onto the continent.
A path to citizenship and visa-free access to Schengen
🪪 As a nice bonus, there's a straightforward path to citizenship through investment (which gets you visa-free entry to Schengen!)
Calm, warmth, and hipster minimalism
🏡 And finally, Paraguay is a calm, slow country far removed from everything — which in 2024 is a serious plus. If some new disaster hits Eurasia, the news won't even reach Paraguay for a week. For $400 you can rent a great spacious apartment in a new complex with a pool and security, and just wait out the apocalypse. Warm year-round. The local Yandex-style delivery app runs like clockwork — a quiet paradise for the introverted hipster.