i live in paraguay with a big smile in my face, i would visit my family in brazil and travel to japan for a few days or months, i could save a lot of money just using those strategies, i love this so much
Once we have the residence and the fiscal residency there, can we cash out crypto in the local bank ? Not big amount but 10k-20k per month is it no problem ?
I'm curious to know what benefit Paraguay is getting from offering perm residency and tax residency to people that are not required to invest, live or really spend any time at all in the country?
I can interview someone in the government and ask them that. My guess is: there are a lot of people that move there and actually invest/live there. So they make the 10% in taxes from that, plus the development of the city/country by attracting foreign money (strong Germany, Argentina, Uruguay)
Hi Miquel, which fintech are you using to transfer from llc to personal account in Paraguay without exchange to pyg? And being able to pay in usd worldwide?
hi Miquel. I just heard from an on-site consultant who told me that for renewal, a year must be spent in Paraguay otherwise no definitive permit. What do the people you rely on say? Thanks in advance, bye
Question: What exactly makes it so risky to stay in Paraguay when making say $30K/m profit? Especially when abroad and not bringing (all) that money in; how can they know? It's not in theri books. And if you'd still leave, where would you go at this point, around the timezone America? (so that excludes Dubai/Bulgaria)
There is no Risk to Stay in Paraguay.... Please travel to there, its a normal country with big Banks. You can choose Itau Bank, its the biggest brazilian bank and very safe. There is to much liberty in Paraguay, you will not pay tax for foreign incomes. I think you need only be more worried with Hot Climate (insane in January and February) and mosquitos (Dengue) . I live in Parana State in Brazil, next to Paraguay and I can say, Paraguay has a big future.
Me encantó Miquel! Estuve investigando un poco más.. Depósito de garantía: Para solicitar la residencia permanente en Paraguay, se requiere hacer un depósito en un banco paraguayo como garantía. La cantidad requerida suele ser alrededor de 35 veces el salario mínimo mensual, que en 2021 era de aproximadamente 2.192.839 guaraníes (alrededor de 315 euros). Por lo tanto, el depósito requerido sería de alrededor de 11,000 euros. Este dinero se queda en tu cuenta y puedes disponer de él una vez que se aprueba la residencia. Es ésto es cierto?
The most important question for me is; What is the definition of local source income? From what I'm reading here, I'm understanding that if you live in Paraguay while working, it is defined as having operations in Paraguay, which is subject to tax in Paraguay, regardless of where your customers are located and paying from. Artículo 48. Fuente. Estarán gravadas por este impuesto las rentas de fuente paraguaya previstas en el artículo anterior, provenientes de actividades desarrolladas en la República, de bienes situados o de derechos utilizados económicamente en la misma. Lawyer in Paraguay: "Yes if you are living in paraguay while you are doing a business abroad you should pay in paraguay .. truth is that there is no way paraguay find out that you are working online." Paraguay won't enforce taxes, so you say it is legal. But maybe (I'm not an expert), it is not legal, but just because you get away with it, you think it is. My conclusion so far (might be wrong) is: It's not 'legal' to work from Paraguay and not pay taxes, but there's just no way that they can know if you don't bring the money in, so therefore you can practically not pay taxes without any issue. However to call this legal, when performing activities while in Paraguay, is wrong.
RENTAS DE FUENTE PARAGUAYA. If your sources are not Paraguayan you don't pay! You are thinking it's non dom, but you're wrong, it's just territorial tax
Correct, the logical fallacy is in overlooking the fact that often times and in this case, being physically present there while performing the work also counts as local source income
hONESTLY,,,,i just moved to el salvador. i feel the small country is doing wonderful economically.... i will ask if you are trying to moved or relocate....moved to el salvador ladies and gentlemen before prices take off. big hugs.
Hey Miguel! Question: i know Paraguay is territorial tax. I’m reading everywhere Paraguay actually has a 10% personal income tax rate, but, if you base your operations in Paraguay (working on your laptop and therefore making it paraguayan source income) how do you achive 0% and not 10%? Also, do you have to own or rent a property to maintain tax residency, or keep an address? I’m from Argentina so thats why I’m considering Paraguay as it is close and in theory pretty easy to obatin residency.
-Do I have to rent/own a property to maintain tax residency in Paraguay? -Do I have to spend a certain amount of time in Paraguay to be a Tax Resident?
Wow, I like that answer. I read somewhere that you needed to be in Paraguay for a minimum of 120 days to maintain the status of tax residency. How could that be? Any answers to that?
@@videofrat3115 If you do not change your address you can (maybe) use it for some time. But I would not recommend this. Revolut can close your account at anytime.
I finally activated my channel with the intention to come explore, learn and share with my audiences what people and places really are about not what mains stream media and some plastic influencers, say they are; one day we may collaborate
i live in paraguay with a big smile in my face, i would visit my family in brazil and travel to japan for a few days or months, i could save a lot of money just using those strategies, i love this so much
Excellent to hear. Great plan
Hi bro i'm planning to get paraguay residency for tax benifits is it worth ?
Hi bro i'm planning to get paraguay residency for tax benifits is it worth ?
very smooth spoken and clear talk....
Excelent video
Once we have the residence and the fiscal residency there, can we cash out crypto in the local bank ? Not big amount but 10k-20k per month is it no problem ?
I want to get set up in paraguay.
I'm curious to know what benefit Paraguay is getting from offering perm residency and tax residency to people that are not required to invest, live or really spend any time at all in the country?
I can interview someone in the government and ask them that.
My guess is: there are a lot of people that move there and actually invest/live there. So they make the 10% in taxes from that, plus the development of the city/country by attracting foreign money (strong Germany, Argentina, Uruguay)
Hi Miquel, which fintech are you using to transfer from llc to personal account in Paraguay without exchange to pyg? And being able to pay in usd worldwide?
I think he mentioned wise.
hi Miquel.
I just heard from an on-site consultant who told me that for renewal, a year must be spent in Paraguay otherwise no definitive permit. What do the people you rely on say?
Thanks in advance, bye
It's one day each year for these 3 years of temporary permit, then it becomes permanent
Good job!
hey! how many months you should stay in a country to get a passport?
Question: What exactly makes it so risky to stay in Paraguay when making say $30K/m profit? Especially when abroad and not bringing (all) that money in; how can they know? It's not in theri books. And if you'd still leave, where would you go at this point, around the timezone America? (so that excludes Dubai/Bulgaria)
There is no Risk to Stay in Paraguay.... Please travel to there, its a normal country with big Banks. You can choose Itau Bank, its the biggest brazilian bank and very safe. There is to much liberty in Paraguay, you will not pay tax for foreign incomes. I think you need only be more worried with Hot Climate (insane in January and February) and mosquitos (Dengue) . I live in Parana State in Brazil, next to Paraguay and I can say, Paraguay has a big future.
Me encantó Miquel!
Estuve investigando un poco más..
Depósito de garantía: Para solicitar la residencia permanente en Paraguay, se requiere hacer un depósito en un banco paraguayo como garantía. La cantidad requerida suele ser alrededor de 35 veces el salario mínimo mensual, que en 2021 era de aproximadamente 2.192.839 guaraníes (alrededor de 315 euros). Por lo tanto, el depósito requerido sería de alrededor de 11,000 euros. Este dinero se queda en tu cuenta y puedes disponer de él una vez que se aprueba la residencia.
Es ésto es cierto?
5,200 USD (equivalente en Gs)
@@miquel_gironesthat option has been scrapped
The most important question for me is; What is the definition of local source income?
From what I'm reading here, I'm understanding that if you live in Paraguay while working, it is defined as having operations in Paraguay, which is subject to tax in Paraguay, regardless of where your customers are located and paying from.
Artículo 48. Fuente.
Estarán gravadas por este impuesto las rentas de fuente paraguaya previstas en el artículo anterior, provenientes de actividades desarrolladas en la República, de bienes situados o de derechos utilizados económicamente en la misma.
Lawyer in Paraguay: "Yes if you are living in paraguay while you are doing a business abroad you should pay in paraguay .. truth is that there is no way paraguay find out that you are working online."
Paraguay won't enforce taxes, so you say it is legal. But maybe (I'm not an expert), it is not legal, but just because you get away with it, you think it is.
My conclusion so far (might be wrong) is: It's not 'legal' to work from Paraguay and not pay taxes, but there's just no way that they can know if you don't bring the money in, so therefore you can practically not pay taxes without any issue. However to call this legal, when performing activities while in Paraguay, is wrong.
RENTAS DE FUENTE PARAGUAYA. If your sources are not Paraguayan you don't pay! You are thinking it's non dom, but you're wrong, it's just territorial tax
Correct, the logical fallacy is in overlooking the fact that often times and in this case, being physically present there while performing the work also counts as local source income
@@Beerend Then don't be there!
How do you deal with the 2 factor authentication when having to transfer funds from your home country. Thanks
You can have multiple eSims on your phone
hONESTLY,,,,i just moved to el salvador. i feel the small country is doing wonderful economically.... i will ask if you are trying to moved or relocate....moved to el salvador ladies and gentlemen before prices take off. big hugs.
Hey Miguel! Question: i know Paraguay is territorial tax. I’m reading everywhere Paraguay actually has a 10% personal income tax rate, but, if you base your operations in Paraguay (working on your laptop and therefore making it paraguayan source income) how do you achive 0% and not 10%? Also, do you have to own or rent a property to maintain tax residency, or keep an address? I’m from Argentina so thats why I’m considering Paraguay as it is close and in theory pretty easy to obatin residency.
If clients are not from Paraguay, you are good to go
-Do I have to rent/own a property to maintain tax residency in Paraguay?
-Do I have to spend a certain amount of time in Paraguay to be a Tax Resident?
No to both
Wow, I like that answer. I read somewhere that you needed to be in Paraguay for a minimum of 120 days to maintain the status of tax residency. How could that be? Any answers to that?
Isn’t Vanuatu blacklisted why would 7 figures earners invest in it?
Are you sure you can have revolut being from Paraguay? I am pretty sure you need to have European residence to have it
You cannot have Revolut living in Paraguay. You need to have residence in the EU, UK USA, or Singapore.
@@racgenwever2613 This is exactly what i was thinking, it seems to be misleading info on this video.
@@videofrat3115 If you do not change your address you can (maybe) use it for some time. But I would not recommend this. Revolut can close your account at anytime.
Can a 16yrs old get paraguay residence?
The official rule say 120 days to be a tax resident. What's up with that?
I finally activated my channel with the intention to come explore, learn and share with my audiences what people and places really are about not what mains stream media and some plastic influencers, say they are; one day we may collaborate
I hear the healthcare is not good?
Public healthcare so so... Private healthcare is ok