Paraguay for Digital Nomads & Entrepreneurs

Published: Feb 2025

In a world where remote work is redefining lifestyles, Paraguay is emerging as a hidden gem for digital nomads and entrepreneurs seeking a welcoming, affordable, and business-friendly environment. Whether you’re after tax benefits, an easy residency process, or a laid-back lifestyle, Paraguay offers unique advantages that make it an increasingly attractive destination for expats.

Why Choose Paraguay?

1. Simple and Accessible Residency Process

Paraguay boasts one of the easiest residency programs in the world. With minimal paperwork, low fees, and a straightforward process, you can quickly obtain a Paraguayan Cédula de Identidad (national ID card) and establish legal residency.

2. Tax Benefits

Paraguay’s territorial tax system only taxes income earned within the country. For digital entrepreneurs earning abroad, this means zero taxes on foreign income, capital gains, or global wealth — an ideal setup for maximizing profits.

3. Low Cost of Living

Compared to other Latin American hubs, Paraguay offers incredibly low living costs. Rent, groceries, and transportation are affordable, making it possible to enjoy a comfortable, modern lifestyle on a modest budget.

4. Stable Economy & Easy Banking

Paraguay’s economy is stable, with low inflation and a robust agricultural and energy sector. Foreigners can easily open bank accounts, facilitating smooth international transactions and business operations.

5. Reliable Internet & Workspaces

High-speed internet is widely available, especially in major cities like Asunción. Co-working spaces and cafes with fast Wi-Fi are on the rise, offering digital nomads convenient places to work and network.

6. Friendly Immigration Policies

Temporary residency (valid for up to two years) is easy to secure, and transitioning to permanent residency is just as straightforward. Plus, Paraguay has no strict stay requirements, giving you the freedom to travel.

7. Growing Expat and Nomad Community

Though still a rising destination, Paraguay’s expat community is expanding. You’ll find fellow remote workers, entrepreneurs, and investors eager to connect and share insights, creating a supportive environment for newcomers.