How is Encarnación 30 to 40 minutes from Asunción? Flying? Driving a vehicle it would take you more like 5+ hours to get from one to the other. Not a big deal, but before people think they have high-speed rail and super infrastructure there
Can one transfer money from abroad to his/her bank account in Paraguay tax free having a residency in Paraguay? Is there any limit amount to be transferred from abroad for 0 tax free?
@@curiouzzi time will tell, but i heard that it's not an enforced rule. They ask you to do it, when you get their passport, and then never check on that. Please share if you have more info on that.
@@Mackcolak-xf5bk The law is the law. If someone not enforce something it does not mean it's not exist as a legal obligation. To sum up, you can not have this citizenship and feel that's everything is fine and nobody cares. You can ask any legal advice there from reputable lawyers to confirm it.
@@curiouzzi Yes, it's true. But I have not heard of the cases of revocation of passport because of the second nationality. And Paraguay does not have working mechanisms of controlling whether you have a second passport or not. There are cases of revocation if the passport was made illegally for a bribe.
Hi, is it really "generated" revenue outside of paraguay are not taxed ?Because that would mean revenue generated outside of paraguay could be used inside paraguay which is not usually territorial taxation means.
He mentions about if you open a company that expects to make big money, do not open/setup or get a PR in Paraguay, don't it in Dubai, because anyone can pay some bribe money to sue you in Paraguay as long as they see your Paraguay co. makes good amount of money. What's the thresholds to decide should we open the co. in Paraguay or Dubai? $250k/yr earning or $5m/yr earning or $8m in revenue per year? If it's so corrupted, then maybe it's not worth to get a PR and setup LLC or corporation in Paraguay. What do you advise? Thanks!
@@Ngan-zy9kd pretty sure i know more than him anyway. i do all by myself. stuff becomes super expensive if someone bribes someone else to bribe someone else.
@@tobiw-q6s how do you do everything (get a PR and open LLC or company there) by yourself? If you expect to run a business profit more than, say for example, $5m per year than don’t open it in Paraguay to avoid be a victim of corruption? What’s the threshold profit to open a business there to enjoy the territorial tax 0% system? Thanks
Great, now Paraguayan goverment officials watching this videos will plug the gap in their immigration process and seize some accounts. Get some legal advice before giving tax advice to folks who get their assets frozen because of this.
Why do they need to seize some account or plug the gap if these laws were created by Paraguay specifically to attract foreign investments and immigrants?
great video, but for us, it seems Paraguay is not a good match, we don't like red meat, we favor high quality seafood and fish, and more sophisticated cuisine, like French, Peruvian, Nikkei, Mediterranean. Also, the points you mention as "cons" were enough for us not to want to live there.
good video - loved how you talked about the 'slow pace life' in Paraguay.! Thanks for making this video mate
You talked about Paraguay in Turkey?
Yes, looks like Istanbul park. :)
Yes.
Gracias por hablar de mi país, se siente bien ser reconocido.
How is Encarnación 30 to 40 minutes from Asunción? Flying?
Driving a vehicle it would take you more like 5+ hours to get from one to the other. Not a big deal, but before people think they have high-speed rail and super infrastructure there
20:33 There is no link down below to click =)
Good catch. Added.
Thanks for the warning!
Can one transfer money from abroad to his/her bank account in Paraguay tax free having a residency in Paraguay? Is there any limit amount to be transferred from abroad for 0 tax free?
Excellent video
Good video
Dual citizenship is not allowed in Paraguay. Are you going to renounce yours?
They are not strict at controlling that.
@@Mackcolak-xf5bk it does not mean that's legal. It means that government can take away your citizenship and ban from Paraguay anytime because of it.
@@curiouzzi time will tell, but i heard that it's not an enforced rule. They ask you to do it, when you get their passport, and then never check on that. Please share if you have more info on that.
@@Mackcolak-xf5bk The law is the law. If someone not enforce something it does not mean it's not exist as a legal obligation. To sum up, you can not have this citizenship and feel that's everything is fine and nobody cares. You can ask any legal advice there from reputable lawyers to confirm it.
@@curiouzzi Yes, it's true. But I have not heard of the cases of revocation of passport because of the second nationality. And Paraguay does not have working mechanisms of controlling whether you have a second passport or not. There are cases of revocation if the passport was made illegally for a bribe.
As a tax residence do you have to provide monthly statements.
Hi, is it really "generated" revenue outside of paraguay are not taxed ?Because that would mean revenue generated outside of paraguay could be used inside paraguay which is not usually territorial taxation means.
Yes!
Sounds weird you pay $0 taxes but you need to have a tax person to do your taxes.. so essentially you are paying taxes/person to stay in Paraguay
You can hire someone to do your taxes for 30 usd a month. Not that crazy
Hi, is it passport or citizenship ? I mean we will not obtain citizenship in paraguay but can have the passport only ?
PAR😅GUAY❤
I am Kashif from Pakistan willing to interested to Immigration in paraguaya please guide me
Turkey looks nie too
El Grefg americano
visit shopping centres. you dont know anything about this country really.
He mentions about if you open a company that expects to make big money, do not open/setup or get a PR in Paraguay, don't it in Dubai, because anyone can pay some bribe money to sue you in Paraguay as long as they see your Paraguay co. makes good amount of money. What's the thresholds to decide should we open the co. in Paraguay or Dubai? $250k/yr earning or $5m/yr earning or $8m in revenue per year? If it's so corrupted, then maybe it's not worth to get a PR and setup LLC or corporation in Paraguay. What do you advise? Thanks!
@@Ngan-zy9kd pretty sure i know more than him anyway. i do all by myself. stuff becomes super expensive if someone bribes someone else to bribe someone else.
@@tobiw-q6s how do you do everything (get a PR and open LLC or company there) by yourself? If you expect to run a business profit more than, say for example, $5m per year than don’t open it in Paraguay to avoid be a victim of corruption? What’s the threshold profit to open a business there to enjoy the territorial tax 0% system? Thanks
Great, now Paraguayan goverment officials watching this videos will plug the gap in their immigration process and seize some accounts. Get some legal advice before giving tax advice to folks who get their assets frozen because of this.
I’m not that big of an influencer. They have other things to do most likely.
Why do they need to seize some account or plug the gap if these laws were created by Paraguay specifically to attract foreign investments and immigrants?
I don`t think they will give something on this, as long as you hurt nobody and cost nobody money why should they persecute you?
great video, but for us, it seems Paraguay is not a good match, we don't like red meat, we favor high quality seafood and fish, and more sophisticated cuisine, like French, Peruvian, Nikkei, Mediterranean. Also, the points you mention as "cons" were enough for us not to want to live there.