Build Your Plan B Before You Need It
Secure legal residency in Paraguay or Panama
so if circumstances ever change,
the door is already open.
No obligation to move. Visit once every few years to maintain status.
Two Ways to Use Your Residency
Keep Your Options Open
The Plan B Backup
- •No obligation to move
- •Visit once every few years to maintain status
- •Legal residency ready when you need it
- •Peace of mind in uncertain times
Nothing changes at home. You keep your ties, pay your taxes, and gain a backup option for the future.
Relocate and Realize the Savings
The Full Move
- •End tax residency in your home country
- •Setup costs recovered in months from tax savings
- •Keep the savings every year after
- •Lower cost of living, higher quality of life
Sever your residential ties. Live outside your home country 183+ days. End your tax residency. That's when the savings begin.
American citizens are taxed globally, but can exclude up to $132,900 per person ($265,800 for couples) through the Foreign Earned Income Exclusion. ¹
¹ https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion
Programs starting from $4,500
Choose a Country
PARAGUAY
Paths to Permanent Residency
2-year temporary → Permanent
From USD $4,500
- ✓0% tax on foreign income
- ✓60% lower cost of living vs US/Canada
- ✓World's most affordable residency path
- ✓Citizenship eligible after 3 years
- ✓Visit just 1x every 3 years to maintain status
Direct Permanent Residency
Investor Fast-Track
Min. USD $70,000
- • $1300/month pension proof
- ✓No investment required
PANAMA
Paths to Permanent Residency
2-year temporary → Permanent
From USD $4,500 Plus
min $200,000 Friendly Nations Investment (Real Estate)
- ✓USD economy — no currency risk
- ✓Safest country in Central America
- ✓Up to 50% senior discounts on everything
- ✓Territorial tax system
- ✓Citizenship eligible after 5 years
- ✓Visit just 1x every 2 years to maintain status
Direct Path To Permanent Residency
Qualified Investor Fast-Track
Min. USD $300,000
- a) $1000/month pension proof
- ✓No investment required
- b) $750/month + USD 100,000+ real estate
What a Residency Shift Can Look Like
Illustrative scenarios. Not tax advice. Assumes full legal change of tax residency and proper compliance in both jurisdictions.
Scenario 1 — Paraguay (Income-Focused Move)
Stay in Canada
- Jon & Suzy
- Canadian couple. Online income: $120,000/year.
- Approximate tax burden: ~$30,000/year.
Year 1–5: ~$30,000/year in taxes
5-year total: ~$150,000 paid
Relocate to Paraguay
One-time setup cost: ~$7,000 (legal services + travel)
If Canadian tax residency is fully terminated and Paraguayan residency properly established: foreign-sourced income is not taxed locally in Paraguay.
5-year financial impact: approximately $143,000 difference.
Typical profile:
- • Remote earners
- • Online business owners
- • Lower capital entry
- • Long-term optionality planning
Scenario 2 — Panama (Capital-Based Move)
Remain in Home Country
- Ongoing domestic tax residency
- Income taxed according to home-country rules
- Capital remains deployed domestically
Relocate to Panama
Investment requirement: typically $200,000+ depending on pathway.
Panama uses a territorial tax system.
Foreign-sourced income is generally not taxed locally once residency is properly established.
Financial impact varies based on:
- • Capital structure
- • Investment allocation
- • Proper exit from home-country tax residency
- • Ongoing compliance
Typical profile:
- • Higher net worth individuals
- • Capital preservation strategy
- • Stronger banking access
- • Regional hub living
These examples are simplified illustrations. Outcomes depend on proper termination of prior tax residency, legal compliance, and professional tax advice. This content is for educational purposes only.
Why Plan B Expat?
Guidance from someone who's done it.
Practical residency strategy backed by real in-country experience. Clear process. Proper compliance. No shortcuts.
Trilingual
EN / FR / ES
Permanent Resident
Paraguay & Panama
Firsthand Experience
In-Country
Is This Worth Exploring for You?
Most people who contact us fall into one of these groups.
Entrepreneurs / Remote Income
You earn online or run a business and want options outside your home country.
Compare Paraguay & PanamaNot sure which fits?
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