Latin America · Southern Cone

Paraguay

The cheapest genuine territorial-tax residency in the world, with a three-year path to citizenship — and, since April 2026, a direct permanent residency for investors that undoes the worst of the 2022 tightening.

Last verified July 2026142 visa-free destinations

Tax position

Income tax (top)
10% (IRP, progressive 8–10% on Paraguayan-source income)
Capital gains
8–10% under IRP where Paraguayan-source; foreign-source gains are outside scope
Wealth tax
none
Inheritance tax
none
Special regime
Strictly territorial under Ley 6380/2019 — IRP reaches Paraguayan-source income only. Corporate IRE is 10% and dividends 15% (8% for Investor Pass holders).
Territorial
Yes — foreign-source income generally outside scope
CFC rules
No
Exit tax
No
CRS
Participating

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