Paraguay

Why Paraguay Could Be A Good Choice For Immigration

Paraguay is a landlocked country in South America, bordering Bolivia to the north and west, Brazil to the east, and Argentina to the south and west. The name of the state translates to “water that goes to water”, derived from the language of the indigenous people, Guaraní. The world’s largest fresh drinking water reservoir known as the Gurani Aquifer is situated beneath the surface of Paraguay, Brazil, Argentina and Uruguay and estimated to contain about 8,900 cu.mil. of water. 

Low cost of living, stable economy, low taxes are few positive reasons why Paraguay can be made a good choice for immigration. Food and rent are also affordable. The country has modern reliable technological infrastructure like high speed internet, powerful telephone networks. The currency is very stable and its benefits from a stable market economy and a stable democratic government. Paraguay is termed as a rich country, but full of poor people because of unequal distribution of wealth and many loopholes in the government policies. It is one of the poorest countries in Latin America and has a population of 7.22 million as on 2020. You will see unemployed people, beggars and petty criminals along the streets. Paraguay is the world’s fourth largest producer of marijuana (cannabis). It is illegal in Paraguay however it remains the one of the most lucrative trade especially in the borders. This has also led to Drug Trafficking and Violent drug gangs fights. Paraguay is safer if compared with the major cities in the  neighboring countries, however caution has to be taken so that you do not land into petty crimes like mugging, robbery, scams. There is a high risk of pickpockets, bag snatching, jewelry theft, car theft, home invasions, grabs by thieves on motorbikes and other petty crimes like these, so always being alert and apply some safety rules will surely help.

Traveling information: 

Currently Paraguay is accepting only the vaccination certificate against Covid-19 with a complete and updated scheme for all travelers into the country. For those over 12 year of age and no vaccination certificate, then a negative PCR test report with negative result no longer than 72 hours after boarding the flight is mandatory. This applies to all travelers regardless of their nationality and origin country. The vaccination certificate must be in Spanish, English, French or Portuguese with the following mandatory information:

  • Name of the passenger
  • Date of Birth
  • Document or Passport number
  • Identification of the Vaccine Manufacturer
  • Batch number of applied doses
  • Dose application Date

Booster doses of the Covid-19 vaccine is recommended by the Ministry of Public Health and Social welfare. Travelers who already suffered from Covid-19 from 10-90 days before coming to Paraguay must submit the RT-PCR / LAMP / NAAT or positive antigen test report. 

For more detailed information on the government policies on travel requirements in Paraguay, please visit: https://www.migraciones.gov.py/index.php/tramites/ingreso-y-salida-del-pais

Air and Land are the two convenient ways to reach Paraguay. There are flights from Chile, Brazil, Buenos Aires and Bolivia. There are daily flights from Miami. You can also fly to Paraguay from California and Dallas, New York and London. LATAM Airlines Paraguay is the national and flag carrier of Paraguay, which operates from Silvio Pettirossi International Airport in the capital city Asuncion. The 2nd biggest airport is the Guarani International Airport located in Ciudad Del Este.

There are Bus services from Buenos Aires, Argentina to Asuncion daily. From Brazil, bus services run regularly from Sao Paulo, Rio de Janeiro, Curitiba and Brasilia (weekly). Bus services runs from La Paz and Santa Cruz de la Sierra, Bolivia to Chaco Paraguayo.

How to immigrate:   

It is easy and cheap to immigrate to Paraguay. There are 2 types of visas in Paraguay – Single-entry and Multi-entry visa. The Visa fees must be paid only in cash and credit cards at the Embassy or Consulate of Paraguay. The single-entry visa is costs USD65 & Multi-entry visa costs USD100. Fees may be low or high depending on the nationality/country of residence.  

For a Paraguayan Visa the following documents needs to be submitted to the embassy or consulate in your country.

Visa Application Form– It must be complete and signed.

Valid Passport– Valid for months from the date of entry into Paraguay. The passport along with personal data pages must be submitted. The passport must have blank pages so that visa can be stamped.

Recent Photo–  Digital Photo must not be minimum 1.5MB and not more than 3 months old. Background must be plain or off-white. Photo must be full-faced looking at the camera with both eyes open and neutral expression.

Flight/Travel Itinerary – Must attach a return Flight/Travel Itinerary from your country to Paraguay

Previous Visa – If you had traveled to any other country before, please attach the Previous Visa/s.

Proof of your financial status–  Documents showing your financial condition to support yourself during your stay in Paraguay must be attached. Proofs documents may include Bank Statement, copy of the credit card, Property documents, Appointment letter indicating salary.

Proof of accommodation– Hotel reservation with full address and contact details. Family letter and identity card of the family host if staying with some family in Paraguay.

Company/Institution Letter – On business trips. Letter must have all relevant information like length of stays, dates contact details etc. Event Invitation Letter in case visiting for conferences, sports events, study etc.

Click here to find out the name of the Visa-Free states for Paraguay.

People: 

Paraguayans are very warm, polite and expressive people. They are generally very hospitable and family oriented. Families play an important part of Paraguayan culture, they are very traditional and protective of their children especially girls. Children especially girls are expected to tell parents where they are going out. Like in most countries, the household responsibilities rests on the wives while the husbands work outside. Weekends are usually family time, picnicking, partying or even going for movies together. Children here place a lot of value on education and spend their free time on studies. 

Meat, Vegetables, Manioc (Cassava), Maize and fruits are the popular and common food here. Corn, rice, potato and wheat are staple foods. Food are sold on streets and its very common for people to eat or drink their meals in public squares. Paraguayans like to drink tea, tereré (cold herbal tea) and mate (hot herbal tea) with friends and family. They prefer light breakfast, usually milk, coffee with bread.

Job offers:

Paraguay is one of the fastest growing country in Latin America with a relatively steady GDP for the past two decades. Agriculture is the leading economy with manufacturing, trading and services are still undeveloped. There is room for skilled workers in Paraguay and finding a job is relatively easy. A residence and work permit is a is also easy to acquire however you need to have a job offer. The other option is that you can open a business in Paraguay.

The best jobs can be found on the job portals such as :Buscojobs; Opcion Empleo; Ultima Hora (newspaper); TEFL (Teach English for native speaker of English)

Unemployment rate:

The latest unemployment rate is 8.47% as on the 1st quarter of 2022, as per the General Directorate of Statistics, Surveys and Censuses of Paraguay. It increased to 6.80% in the fourth quarter of 2021 from 6.50% in the third quarter of 2021. The unemployment rate in 2020 was 7.61%.  The unemployed rate of Females is higher than Males, e.g. in 2020 the percentage of females were 10.02% and the males were 5.9%. Youths between the ages 15-24 were the highest with 16.97% in the same year.

 To get the updated unemployment rate, please visit the website: https://www.theglobaleconomy.com/Paraguay/unemployment_rate_monthly/

Economy: 

The economy of Paraguay is largely market-based with an increasing focus on Soy production. It is the largest soy production in the world and large area of forest is being destroyed to produce it. Paraguay’s primary economic activities involve subsistence farming and agriculture contributes a large part to the nation’s GDP. 

Paraguay suffered recession due to drought & Covid-19 in the years 2019-20.  However, GDP grew by 4.2% due to strong investment growth in private and public construction work and in 2021 the GDP was $38,987 million. Though Paraguay was able to stabilize its economy to a large extent, it is currently facing rising inflation, a historic drought and a highly uncertain future like most other countries.

To read more on the economic status on Paraguay, please visit: https://www.heritage.org/index/country/paraguay

Renting and buying of real estate’s for foreigners:

Buying:

Foreigners can buy property here in Paraguay. There are plenty of properties across the country at very affordable prices. Even land can be bought her and also a built house. In Asunción, the property ranges from G$5,000,000 to G$10,000,000 ($750-$1500, £540 – £1,080) per square meter. Additional value is then added to take into account the level of the fixtures and fittings. The most basic of accommodation will be less than $100,000 (£72,000). A property of international standards will start from $250,000 (£180,000). 

Renting

A property in Asunción, you can expect to be paying between G$1,500,00 and G$4,000,000 ($225 – $600 or £162 – £440) per month. It is quite possible to spend twice as much on a top of the range luxury apartment. A modern comfortable home in a town or the countryside within easy reach of Asunción can be found for as little a G$1,000,000 ($150, £110) per month.

Climate: 

Paraguay is a Hot land. The climate regions are the subtropical Chaco and the tropical Paranaense. The temperature exceeds 100 (37 celsius) in Summer which is common and in mid-winter the temperature can rise upto 90 (32 celsius).  Nights during summer will be just a few degrees cooler and quite humid without air conditioning. The 2 major seasons are summer from October to March and the Winter is from June to August. Autumn and Spring last one or two months and are moderately warm and rainy. Spring is the shortest month during September. Paraguay is known for its weather mood swings as you will experience while exploring the savannahs, wetlands, rainforests and the Plateaus. 

Find out the climate and temperatures in Paraguay in specific months, please visit: https://weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine-in-Paraguay 

Language: 

Spanish and Guarani are the two official languages in Paraguay. Guarani is a native language and Paraguay is one of the few Latin American countries to keep its native language official.  A combination of Guarani and Spanish known as Jopará is often spoken by the Paraguayans

Traffic: 

The main roads in the towns and cities in Paraguay are tarmacked, while the majority of the roads are still rough tracks of mud and cobblestones. During rains the road surface is washed away and potholes are exposed.  Therefore, it is always better to check the weather forecast and prepared as roads are prone to flooding.  It is estimated that only 85% of roads require a 4-wheel-drive vehicle and only 10% roads are paved out of the 37300 miles (approx.) of roads in Paraguay. 

Drivers here are known for reckless overtaking, many ignore traffic regulation, they drive fast and tailgate. Many drivers drive without any insurance, so it’s advisable to have an insurance and drive slow with seatbelt fastened, so you can greatly decrease the troubles that normally people face here.  Keep the following documents handy: 

  • Valid driver’s license – Mandatory
  • International driving permit – Mandatory
  • Vehicle registration document – Recommended
  • Proof of Insurance – Recommended
  • Rental company contract (in case of rent car) – Recommended

You can rent a car if you are above the 21 years of age. Most rental cars are Stick shifts (Manual) in Paraguay. It is recommended to rent a four-wheel-drive car for the countryside. 

Some basic traffic rules in Paraguay: 

  • Speed Limits – In the urban areas, the limit is 50 kph (31 mph); In the rural areas, the limit is 110 kph (68 mph); In the highways, the limit is 110 kph (68 mph)
  • Seat Belts – The Paraguayan law requires all to wear seat belts.
  • Drinking & Driving – The BAC required level is 0.08% (80 milligrams per 100 milliliters of blood)
  • Headlights – are required to be on continuously during night as well as day. If not you will be fined.
  • Use of Cell Phones – Using a cell phone while driving is illegal except for hands-free.

A few important things to note: There are very few gas stations in the country-side mainly along the Trans-Chaco Highway, so its good to get the fuel filled in the city. Toll booths accept only Guarani’s currency in Cash at the toll roads. If you a stopped by the police of whatever reason, remember they cannot ask for a spot-fine, its illegal. Fines are paid at the police station or a bank within 14 days from the date of offense. Request for ticket and pay the fine on time to avoid overcharge.  Emergency Number is 911 for any type of emergencies.  Specific number for ambulance service is 141 and for Fire department its 132.

Currency: 

The Paraguay Guarani (PYG) is the national currency of Paraguay. It is represented by the ₲. The currency is available in Banknotes are ₲1,000,  ₲2,000,  ₲5,000,  ₲10,000,  ₲20,000,  ₲50,000, and ₲100,000 while the coins are available in ₲50,  ₲100,  ₲500, and ₲1,000 denominations. 

The Central Bank (banco Central de Paraguay) issues and maintains the currency. The Guarani is not pegged to any other currency in the foreign exchange market and no currency is pegged to it.  

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