Fast residency, best neighborhoods and cost of living 21% lower than Buenos Aires.
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With 120 days per year in Paraguay or your primary residence there, you obtain fiscal residency. DNIT issues the certificate in 10 business days. Foreign income is not taxed.
The combination of a US LLC + Paraguayan fiscal residency is popular among digital nomads. Dividends from a single-member LLC are not taxed in Paraguay due to the territorial principle. But there are conditions and risks you need to know.
Structured guide to all current taxes in Paraguay: IRP (individuals), IRE (companies, replaced IRACIS in 2020), VAT 10%/5%, IMAGRO (agricultural) and the now-repealed IRACIS.
Honest comparison of the four most-used jurisdictions by digital nomads: cost of living, taxes, residency requirements, language, connectivity and quality of life.
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