FAQ
FAQs about Paraguayan Residency and Tax Residency at Happy Paraguay (HP)
What services does Happy Paraguay offer?
Happy Paraguay provides comprehensive services for obtaining Paraguayan temporary and permanent residency, and securing a Paraguayan Tax ID (RUC).
What is included in the full service package?
The package includes temporary residency “Cédula”, Paraguayan Tax ID, six months of complimentary accounting services, professional document translation, local transportation, and on-ground support.
What are the costs of the services?
Full Service (including Tax ID) costs $2,600, Temporary Residency only is $2,100, Tax ID only is $500, and upgrading from Temporary to Permanent Residency is an additional $2,000. Driver’s License application is $300, and monthly accountancy service is $30 after the complimentary period.
What documents are required to start the process?
Original Birth Certificate with apostille, Original Marriage Certificate with apostille (if applicable), and Original Criminal Record with apostille from your home country or your country of residence over the last 3 years, alongside proof of residence.
How do I start the process?
Send a copy of your passport and make an upfront payment of $500 to begin the application preparation.
What is a Paraguayan Tax ID (RUC)?
The RUC is a tax identification number essential for tax purposes in Paraguay.
Can the Tax ID application be done remotely?
Once we get you your residency, yes, we assist with the application for your Paraguayan Tax ID remotely.
What is the travel coordination service?
We coordinate travel arrangements for clients needing to visit Paraguay to ensure a productive and stress-free trip.
What is the process for obtaining temporary residency?
The process includes document submission, application filing with migration authorities, and potentially securing temporary residency through investment.
What are the stay requirements for temporary residents?
Temporary residents need to visit Paraguay once a year to maintain their status.
How does one transition from temporary to permanent residency?
After holding temporary residency for two years, you can apply for permanent residency, involving document submission and approval by migration authorities.
What are the stay requirements for permanent residents?
Permanent residents need to visit Paraguay once every three years to maintain their status.
What are the benefits of Paraguayan tax residency?
Paraguay’s tax system taxes only local income, offering significant savings for those with foreign income.
What is the Paraguayan tax rate?
Both personal income and corporate profits are taxed at a flat rate of 10%.
What investment opportunities exist in Paraguay?
Paraguay offers investment opportunities in agriculture, real estate, and renewable energy.
How do you handle document preparation?
We prepare all necessary forms and documents for your signature, ensuring no complicated paperwork for you.
What is included in the complimentary accounting service?
Six months of accounting services to help navigate the Paraguayan tax system.
What is the benefit for digital nomads?
Digital nomads can enjoy tax-free income on earnings from clients or companies outside Paraguay.
How do you enhance the experience in Paraguay?
We provide on-ground support, local transportation, document management, and a local address for residency purposes.
These FAQs are designed to provide a clear and concise understanding of Happy Paraguay’s services, processes, and benefits for obtaining Paraguayan residency and tax residency. For further assistance, please contact us directly.