My heart is breaking as I am considering a move away from the West; it is becoming just too insane living here. Have watched other, and am watching this video to glean as much information as possible to see if this is something I can do.
I've had permanent Paraguayan Residency since 2015. Paraguay was not my first choice. I wanted to live in Argentina, and I did. I also lived, taught or studied in Thailand, Mexico, Spain, Singapore, Việt-Nam and 16 years in Hawai'i (which I love), however to my surprise, I was happiest in Paraguay. I had to come back to the US to take care of my mother, but I will be back. I love Mexico too, but I always said to myself, that if I had children, I would immediately choose Paraguay first. I also thought that Paraguay reminded me more of the 70s and 80s when I was a kid. It's like going back in time in a good way. It's far from perfect, but in the end it's my home. I didn't adopt Paraguay so much as Paraguayans adopted me. I lived in a small town and only associated with locals. I didn't know any expats. They were mostly Germans. Go visit, then go and live somewhere else, especially Thailand and then Paraguay will seem sane, peaceful, and stress free.
Good material, thank you. Paraguay is really the fastest raising magnet for immigrants in Latin America. One misinformation: Panama did not stop friendly nations visa. They only raised the minimum level for initial investment (property purchase) to scare away low budget potential immigrants here. Simply due to inflation, the net was wider and wider and they decided to adjust a little bit the entry level not to over-flood the country with foreigners. Also traditionally they do not want backpackers type of immigrants. They prefer middle and higher financial level ones which somehow makes sense. Another one is that there is no unrest going on in Panama. It is typical Latin country where political scene is always changing as every 4 years they have elections. But nothing uncommon going on there. Few pluses of Panama (we did that homework deeply visiting both countries) comparing to Paraguay: - way better climate, where on the beaches area you have 26-32C degree whole year round. A little big more hot in Panama City and much colder in the mountains (Boquete). Never as hot as in Paraguay - very low crime rate. Paraguay is not bad either, but not on the same level like Panama - higher standard of living (better infrastructure) - location: much closer to North America or Europe, comparing to Paraguay - Panama has 2,500 km long coastline, while Paraguay is landlocked. So not the same views... True that Panama is more expensive than Paraguay. But most of manufactured products cost the same as both Panama and Paraguay have the lowest prices and custom taxes in Latin America. Very often you can see Uruguayans and Argentinians flying to all-inclusive in Panama not to spend time on a beach, but to go buy their new cell phones, tablets and laptops as it is very cheap there. Restaurants and services are way cheaper than in North America, so the comment "the same prices" is really missing the point here. Secondary, you save LOTS on taxes (in both countries) especially when you are still working and then your standard of living already jumps (our case) 4 times, so all seems suddenly relatively cheap. Again, Paraguay is a very good destination. Seems to be a perfect match to those who are mostly focused on low-cost. While for middle and higher-income expats Panama is still much better option.
Its awesome that you mentioned the friendliness aspect and how Paraguay fares better then other LATAM countries. How would Paraguay compare to say Mexico, Colombia or Brazil?
The Paraguayan Tax Free Residency is possible, there is not a specific number of days that you are required to spend in Paraguay each year to apply for this permanent residency or citizenship..
I have been searching for information about Paraguay for 5 months. After watching this video, I made up my mind to apply for residency in Paraguay, but later, after reading all the comments here, I stepped back..! I have mixed feelings now: I do not now if I have been lucky to be warned about the hardship I might face for Paraguay or I have to go through more unpleasant surprises in my next search for a country to live in??
Have you moved ? I think we can take a flight any time we want, so if you try for 1 year and you don’t like it…. You can move on !!! I will move in January
He is basically promoting tax evasion. Money earned while working in Paraguay is subject to Paraguayan tax. Remote workers need to pay taxes in Paraguay.
It depends on the contract. Usually it is either 10% or 5% of the total price amount. However, for foreigners, there's a 15% fee extra that you have to pay for taxes.
Yes that king of heat is very difficult to live with. One could live there 4 month of the year in their winter (may to september) and go elsewhere the rest of the time.
I've been here for 9ver two yrs. People are nice and friendly,which is nice. Now...there is no accessable nature,you gotta pay ,if you want to see any nature. Quality of products are very low,not much variety when it comes to fruits and vegetables. In many cases it is more expensive than in europe with worse quality. Foget bout finding a job(minimum wage is around 15€ a day) Like i said,people are very nice and friendly,weather is very nice and it feels quite safe. Probably will leave sometime next year.
All you need to figure out is your tax situation. How it feels to live in another country is individual you gotta go yourself anyway. Ah ... and you are able to pack a bag with a laptop and to press three buttons online (oneway flight and hostel / airbnb, flight back but that you dont even know) ? Then what are you waiting for ?
I went through tons of paperwork to get it all done and apostilled. Bring the birth certificate and have it confirmed there? Have Interpol there do the criminal check there? It sounds a lot easier than the thief and scammer Lorena Latera told me.
What about citizenship? I’m interested in getting a second passport, and I understand that Paraguay only recognizes dual citizenship for Spanish or Italian Citizenship. I honestly want the citizenship option to seal the deal that I have a plan B or C.
The Paraguayan Tax Free Residency is possible, there is not a specific number of days that you are required to spend in Paraguay each year to apply for this permanent residency or citizenship..contact us..
Yap. Depends what is your profession i guess. Minimum wage is around 15€ a day. We came here with 50000€. Thought to buy a land and start growing my food and stuff but no way. Paraguayans will rip you off ,if ypu're white or a foreigner. Quality of houses and products in general are very low. Keep that in mind.
@@mygoogle1525so like Americans.. People here are very much delusionals. You want to go to live to another country but you want to spent the less possible because somehow you think Paraguay should be cheap? Makes me think if paraguayans would be treated right in the US when lost Americans are racists and especially around Latin American people. Paraguayans are one of the most nice people around the world and for the comments I read here most you want to go to colonize it. Just like Israel
*BEWARE OF TAX AVOIDANCE* 11:10 “Also not brought to Paraguay in bank” What this guy really means is: since Paraguay is too poor and not a part of the Common Reporting Standards, if you work in Paraguay and “forget” to declare your money, Paraguay has no way to find out. Come on guys, income tax is only 10 % in Paraguay. Make an effort and live in the country legally.
@Mark Farfan, the cost of Plan B is not shared for what they have to offer and I could not find it on their website. Except for a zoom call. Any idea ? Great video anyway
Yeah we say that in the US. We are getting ready to deport 30 million people. Gonna be crazy seeing all that money that people send back to South America just stop.
*ZERO TAXES DO NOT EXIST MOST OF THE TIME* 2:30 That's a pretty wrong advice. People working in Paraguay need to pay taxes in Paraguay. Him being wrong on taxes makes me worried about his advice on the rest.
@@catalinadasilvamello8499 soy en para .la carne es siempre duro como comer zapatas. Tu no saves otras paises como argentina,Texas y Alberta donde carne es excellente
@@catalinadasilvamello8499 carne es peor de otras paises Todo Bueno carne es exportado: Ojo de bife o Wagyu. venden carne sin madurar y con muchos tendones que son impossible de comer.
Yap. Been here for 2yrs . It ain't cheap and quality of tgings is very low. Even food selection is low. You'd think that you could find a huge variety of fruits and veggies but no. It's like eastern europe when it was under the rules of the comunist russia
My heart is breaking as I am considering a move away from the West; it is becoming just too insane living here. Have watched other, and am watching this video to glean as much information as possible to see if this is something I can do.
Culturally Paraguay is part of the West (all Iberoamerica actually is), but not of the Global North.
@@helena_aña I should have said anglosphere which I take to mean North America, Canada, U.K., Europe and Australia.
I've been living in Colombia for a year now as a Digital Nomad. Heading to Paraguay to apply for Temporary residency in March. So I'll see you there 😄
I’m considering Paraguay also. I just saw a facebook group called “digital nomads and expats in Asuncion Paraguay”.
@jen9782, I understand you, believe in me..!
I've had permanent Paraguayan Residency since 2015. Paraguay was not my first choice. I wanted to live in Argentina, and I did. I also lived, taught or studied in Thailand, Mexico, Spain, Singapore, Việt-Nam and 16 years in Hawai'i (which I love), however to my surprise, I was happiest in Paraguay. I had to come back to the US to take care of my mother, but I will be back. I love Mexico too, but I always said to myself, that if I had children, I would immediately choose Paraguay first. I also thought that Paraguay reminded me more of the 70s and 80s when I was a kid. It's like going back in time in a good way. It's far from perfect, but in the end it's my home. I didn't adopt Paraguay so much as Paraguayans adopted me. I lived in a small town and only associated with locals. I didn't know any expats. They were mostly Germans. Go visit, then go and live somewhere else, especially Thailand and then Paraguay will seem sane, peaceful, and stress free.
Thank you for sharing!
Good material, thank you. Paraguay is really the fastest raising magnet for immigrants in Latin America.
One misinformation: Panama did not stop friendly nations visa. They only raised the minimum level for initial investment (property purchase) to scare away low budget potential immigrants here. Simply due to inflation, the net was wider and wider and they decided to adjust a little bit the entry level not to over-flood the country with foreigners. Also traditionally they do not want backpackers type of immigrants. They prefer middle and higher financial level ones which somehow makes sense.
Another one is that there is no unrest going on in Panama. It is typical Latin country where political scene is always changing as every 4 years they have elections. But nothing uncommon going on there.
Few pluses of Panama (we did that homework deeply visiting both countries) comparing to Paraguay:
- way better climate, where on the beaches area you have 26-32C degree whole year round. A little big more hot in Panama City and much colder in the mountains (Boquete). Never as hot as in Paraguay
- very low crime rate. Paraguay is not bad either, but not on the same level like Panama
- higher standard of living (better infrastructure)
- location: much closer to North America or Europe, comparing to Paraguay
- Panama has 2,500 km long coastline, while Paraguay is landlocked. So not the same views...
True that Panama is more expensive than Paraguay. But most of manufactured products cost the same as both Panama and Paraguay have the lowest prices and custom taxes in Latin America. Very often you can see Uruguayans and Argentinians flying to all-inclusive in Panama not to spend time on a beach, but to go buy their new cell phones, tablets and laptops as it is very cheap there. Restaurants and services are way cheaper than in North America, so the comment "the same prices" is really missing the point here.
Secondary, you save LOTS on taxes (in both countries) especially when you are still working and then your standard of living already jumps (our case) 4 times, so all seems suddenly relatively cheap.
Again, Paraguay is a very good destination. Seems to be a perfect match to those who are mostly focused on low-cost. While for middle and higher-income expats Panama is still much better option.
I am actually living in Panama, so I totally agree on the benefits ;)
Very well and balanced explanation. I liked it. Keep it up.
Panama is much expensive than Paraguay for sure
Low crime rate in Panama? Get serious.
Its awesome that you mentioned the friendliness aspect and how Paraguay fares better then other LATAM countries. How would Paraguay compare to say Mexico, Colombia or Brazil?
Py is a hidden gem but he greatly downplayed how hot it is. 104-110º F is common.
It's good to see the face behind the Plan B account. Hello, sir! ha ha
Panama is on the Ring of Fire. They are not as welcoming to outsiders. The law is not anywhere close to as focused on individual liberty.
Super hot 104 degrees 5 months out of the year. Just oppressive the heat and limits any outdoor activity.
Well, I guess I won't be there for those 5 months!
No es tan así, tranquilamente te puedes acostumbrar rápidamente y ni sentirás el calor.
Yeah if you’re a gringo from a cold place you’re going to be limited by the weather
@@flia0davalos Actually, most of my life was in Deep South USA...so I'm used to hot weather. As I got older, though, I have less tolerance for it.
Yes, it is a very hot country, but you can go to the south (Encarnación) there is more "Cold"
The Paraguayan Tax Free Residency is possible, there is not a specific number of days that you are required to spend in Paraguay each year to apply for this permanent residency or citizenship..
I have been searching for information about Paraguay for 5 months. After watching this video, I made up my mind to apply for residency in Paraguay, but later, after reading all the comments here, I stepped back..! I have mixed feelings now: I do not now if I have been lucky to be warned about the hardship I might face for Paraguay or I have to go through more unpleasant surprises in my next search for a country to live in??
Paraguay is a quiet country, you will not regret it, it is the safest country at least in Latin America.
before moving to any country, you should spend a few months there at least , everything else will set you up for failure. all the best
Just do it. Paraguay is a very good country.
Have you moved ? I think we can take a flight any time we want, so if you try for 1 year and you don’t like it…. You can move on !!! I will move in January
@@neverlookback7039 who are you??
Whai is the expenses? Govt fee and your service charges??
How family members areincluded.. Till what age? What about parents¿
Were you implying that money remitting to a Paragauyan bank from overseas is subject to Paraguayan tax?
Hmm, I'm not sure... That doesn't sound quite right to me but if you want to know 100% for sure I recommend reaching out to Paul on Twitter!
He is basically promoting tax evasion.
Money earned while working in Paraguay is subject to Paraguayan tax. Remote workers need to pay taxes in Paraguay.
Any such info on Bolivia
Very usefull! Thanks.😂
what if you earn and move the money and bring it to paraguay in banks?
En Paraguay puedes movilizar tu capital de dinero sin problemas, producir aquí y llevarte donde quieras tu dinero no es problema, sin trabas
What is the minimum down payment to buy a property there? Can't seem to find an answer to this question online.
It depends on the contract. Usually it is either 10% or 5% of the total price amount. However, for foreigners, there's a 15% fee extra that you have to pay for taxes.
Thanks
I’m getting lots of thumbnails for Paraguay videos but none at all for Uruguay. Why?
Pro: no taxes if set up properly. Con: Paraguay.
works. as long as you have much money and oral Spanish... otherwise hell... Swiss, lic.oec.Paraguay for 10 years.
Language is achieved in less than two years and I see learning another language as a plus.
@@lulylucero Y si vienes desde España, ni dos minutos. Aprender guaraní puede ser divertido.
@@jmtrevijano9160 ayyy, me encantaría aprender guaraní!
Do you have to live there all year round, i like to go home to my country for when it’s to hot there,
great convo! but 'warm'? hotter than hades more likely.
Yes that king of heat is very difficult to live with. One could live there 4 month of the year in their winter (may to september) and go elsewhere the rest of the time.
Tampoco es el país mas caluroso, tranquilamente te puedes acostumbrar.
I've been here for 9ver two yrs. People are nice and friendly,which is nice. Now...there is no accessable nature,you gotta pay ,if you want to see any nature. Quality of products are very low,not much variety when it comes to fruits and vegetables. In many cases it is more expensive than in europe with worse quality. Foget bout finding a job(minimum wage is around 15€ a day)
Like i said,people are very nice and friendly,weather is very nice and it feels quite safe. Probably will leave sometime next year.
I guess I won't go because of your comment!
All you need to figure out is your tax situation. How it feels to live in another country is individual you gotta go yourself anyway. Ah ... and you are able to pack a bag with a laptop and to press three buttons online (oneway flight and hostel / airbnb, flight back but that you dont even know) ? Then what are you waiting for ?
I went through tons of paperwork to get it all done and apostilled. Bring the birth certificate and have it confirmed there? Have Interpol there do the criminal check there? It sounds a lot easier than the thief and scammer Lorena Latera told me.
I have heard that name a few times. She has been doing the rounds it seems? One to avoid.
What about citizenship? I’m interested in getting a second passport, and I understand that Paraguay only recognizes dual citizenship for Spanish or Italian Citizenship. I honestly want the citizenship option to seal the deal that I have a plan B or C.
The Paraguayan Tax Free Residency is possible, there is not a specific number of days that you are required to spend in Paraguay each year to apply for this permanent residency or citizenship..contact us..
@@Thejerzway In other words no dual citizenship for Americans?
Rubbish they allow dual nationality.
People will try to rip you off. They are nice but hard to trust
Now i just need to figure out how to make $18000/year
Shouldn’t be too hard to reach that target 🤑
Do a clinical study
Is it difficult for a foreigner to find a job in Paraguay?
Yap. Depends what is your profession i guess. Minimum wage is around 15€ a day. We came here with 50000€. Thought to buy a land and start growing my food and stuff but no way. Paraguayans will rip you off ,if ypu're white or a foreigner. Quality of houses and products in general are very low. Keep that in mind.
@@mygoogle1525so like Americans.. People here are very much delusionals. You want to go to live to another country but you want to spent the less possible because somehow you think Paraguay should be cheap? Makes me think if paraguayans would be treated right in the US when lost Americans are racists and especially around Latin American people. Paraguayans are one of the most nice people around the world and for the comments I read here most you want to go to colonize it. Just like Israel
@@StardustAnnE
All comments welcomed!
;)
*BEWARE OF TAX AVOIDANCE*
11:10 “Also not brought to Paraguay in bank”
What this guy really means is: since Paraguay is too poor and not a part of the Common Reporting Standards, if you work in Paraguay and “forget” to declare your money, Paraguay has no way to find out.
Come on guys, income tax is only 10 % in Paraguay. Make an effort and live in the country legally.
You were clearly not paying attention 😂
@Mark Farfan, the cost of Plan B is not shared for what they have to offer and I could not find it on their website. Except for a zoom call. Any idea ?
Great video anyway
We offer residency permit + cedula for 1400€
If you want to go to Paraguay to be a settler Stay in your country
Yeah we say that in the US. We are getting ready to deport 30 million people. Gonna be crazy seeing all that money that people send back to South America just stop.
Is it safe country really worry about that if I want to migrate somewhere I look for safety , ??? Or dangerous like Brazil
The profound ignorance of third-world conditions/countries and their accompanying implications / troubles / corruption / etc. never cease to amaze
More than a "little bit" too hot!
*ZERO TAXES DO NOT EXIST MOST OF THE TIME*
2:30 That's a pretty wrong advice. People working in Paraguay need to pay taxes in Paraguay.
Him being wrong on taxes makes me worried about his advice on the rest.
you didnt listen to what he said
@@2ndTim3_1-6 What in particular ?
Dating is easier there . . . Passport bros welcome 🤮
It gets very cold in the winter. No one has appropriate heating. Extremely hot in the summer. Meat is inferior compared to Uruguay and argentina
La carne paraguaya esta entre los mejores del continente, evidentemente no lo conoces
@@catalinadasilvamello8499 soy en para .la carne es siempre duro como comer zapatas. Tu no saves otras paises como argentina,Texas y Alberta donde carne es excellente
@@catalinadasilvamello8499 carne es peor de otras paises
Todo Bueno carne es exportado: Ojo de bife o Wagyu. venden carne sin madurar y con muchos tendones que son impossible de comer.
In summary, if you are rich Paraguay is a good place to chill. That helps...
Yap. Been here for 2yrs . It ain't cheap and quality of tgings is very low. Even food selection is low. You'd think that you could find a huge variety of fruits and veggies but no. It's like eastern europe when it was under the rules of the comunist russia
Jajaja en que parte de Paraguay estuvite??😂@@mygoogle1525
That’s a 🚩. Tks
@@mapelletier76omg there’s lots of places to find fresh fruit and vegetables 😂