1. Affordable Cost of Living

One of Paraguay’s biggest draws is its affordability. You can enjoy a high quality of life without breaking the bank.

Housing Costs

• Asunción (Capital City): Rent for a modern one-bedroom apartment ranges from $300 to $500 USD per month.

• Outside the Capital: Rent can be even cheaper, and buying property is straightforward with no restrictions on foreign ownership.

• Buying Property: A suburban home can cost as little as $40,000 to $70,000 USD.

Food and Dining

• Local markets offer fresh, affordable produce and meats.

• Dining out is budget-friendly — a meal at a mid-range restaurant costs around $5 to $10 USD per person.

• While imported goods can be pricey, local alternatives are high quality and widely available.

Transportation

• Public transport: Less than $1 USD per ride.

• Ride-sharing apps (like Uber): Widely available and affordable.

• Fuel prices: Reasonable, making car ownership an economical choice.

Healthcare

• Private healthcare: High-quality and affordable compared to North America or Europe.

• Health insurance: Around $50 to $100 USD per month for private coverage.

Read more about the Cost of Living in Paraguay.

2. Tax-Friendly System

Paraguay’s tax structure is a major perk for remote workers and entrepreneurs:

• Personal income tax: Flat 10%.

• Corporate tax: Flat 10%.

• No tax on foreign-earned income: Ideal for digital nomads or anyone with international clients.

3. Easy Residency & Citizenship Process

Paraguay makes it relatively simple to obtain residency:

• Temporary residency: Leads to permanent residency and eventually citizenship.

• Cédula de Identidad Paraguaya: Allows easy travel within MERCOSUR countries (Argentina, Brazil, Uruguay, etc.).

• Citizenship: After 3 years of permanent residency, you can apply for Paraguayan citizenship, gaining extra benefits and global mobility.

Want to know more? Learn about the residency process here.

4. Pleasant Climate & Natural Beauty

Paraguay offers a subtropical climate with warm summers and mild winters:

• Summer (Oct–Mar): 25°C to 40°C (77°F to 104°F).

• Winter (May–Aug): 10°C to 20°C (50°F to 68°F).

• Low risk of natural disasters: No hurricanes, earthquakes, or volcanic activity.

Outdoor Activities

• Eco-tourism & Nature: Explore waterfalls, rivers, and lush green landscapes.

• Fishing & Boating: Enjoy the Paraguay and Paraná rivers.

• Rural Tranquility: Live a slower-paced, peaceful life in the countryside.

5. Safe & Friendly Communities

• Welcoming locals: Paraguayans are known for their hospitality and relaxed lifestyle.

• Lower crime rates: Safer than many other Latin American countries.

• Language: Spanish and Guaraní are widely spoken, but English is growing, especially among younger generations.