Paraguay · Residency by investment
Paraguay Investor Pass
New. Created by Resolución MIC N° 283/2026, launched 17 April 2026 during an official mission to Brazil and reported in force from 28 April 2026. Grants direct permanent residency, bypassing the two-year temporary stage that Ley 6984/2022 imposed on everyone else.
Ley 6984/2022 killed Paraguay's famous fast permanent residency by forcing everyone through two years of temporary status. The Investor Pass restores the old speed for people with capital, and at USD 70,000–200,000 it is the cheapest direct permanent residency in the hemisphere. The securities and real estate routes carry no job-creation or business-plan burden at all.
Qualifying routes
commercial, service or industrial activity through an SRL, SA or EAS. Requires a formal business plan and a commitment to create at least five permanent formal jobs — the only route with an operating burden.
acquisition, construction or development of infrastructure declared of interest by the national tourism secretariat
authorised instruments registered on the Bolsa de Valores de Asunción
must be destined for rental or capital appreciation — not personal recreational use
The facts
- Minimum investment
- $70k
- Total landed cost
- investment plus roughly USD 3–8k in legal and government fees
- Timeline
- 2–6 months — SUACE must issue the Constancia de Inversionista Extranjero within five business days of a complete file; the migration and cédula steps follow
- Physical presence
- Minimal. Reported as requiring at least one physical entry every three years to maintain permanent residency, plus one trip to obtain the cédula in person.
- Family
- spousedependent childreneach investor must meet the threshold individually — two applicants in one venture need double the minimum
- Permanent residency
- immediate — this is the point of the programme
- Citizenship
- 3 years from permanent residency, subject to a real arraigo test
- Language test
- Supreme Court examination in Spanish or Guaraní covering Paraguayan history, geography and civics
- Dual citizenship
- Not permitted — you would have to renounce
- Requirements
- qualifying investment with at least 30% disbursed at filingConstancia de Inversionista Extranjero issued via SUACEapostilled personal documents and sworn statement on source of fundsclean criminal recordone physical visit for the cédula
- This programme is three months old. There is no track record, no body of practice, and no evidence yet of how Migraciones handles renewals, refusals or the interaction with the cédula. Early adopters are the test case.
- The USD 70,000 productive route requires five permanent formal jobs and a business plan you must actually execute. It is not a passive investment — the USD 200,000 real estate or securities routes are the passive ones, and the real gap between them is operational, not financial.
- Investment must be individual: two people investing in one venture each need the full minimum, so a couple cannot share a USD 200,000 property to both qualify.
- Permanent residency is not the citizenship test. The Supreme Court applies an 'arraigo' standard for naturalisation that in practice looks for around six months a year of physical presence, a RUC and real tax filings, and genuine economic activity. The Investor Pass's near-zero presence requirement and the citizenship route's real presence requirement are in direct tension — you cannot use one to get the other without living there.
- Paraguay's constitution does not protect naturalised citizens' dual nationality the way Ley 7052/2023 protects natural-born Paraguayans. Article 150 provides that naturalisation is lost by (a) unjustified absence from Paraguay of more than three years, judicially declared, or (b) the voluntary acquisition of another nationality. Sequence matters enormously: take Paraguayan naturalisation LAST in any multi-citizenship plan. The absence limb is manageable — loss is not automatic and an intended absence can be justified in advance by notifying the competent Juzgado de Primera Instancia en lo Civil y Comercial, or retrospectively through the nearest Paraguayan consulate — but the new-nationality limb is not.
- Paraguay is a CRS participant. Territorial taxation does not mean invisibility.