Your Gateway to Paraguay & Panama Residency
Is a Plan B right for you? Let's find out.
Professional fees vary by case and are discussed during consultation.
The most flexible residency programs in the world. No obligation to move.
Discuss requirements, timelines, and implications before committing.
Explore
An often-overlooked gem with the most affordable and flexible residency program in the world. Paraguay boasts South America's largest agricultural industry, a young population (average age 26), rapidly developing real estate, and a growing modern scene in Asuncion.
- 0% tax on foreign-sourced income
- 10% flat tax on local income
- No wealth, inheritance, or estate taxes
- Visit once every 3 years to maintain status
- Low cost of living with high quality
Requirements
- 3+ years permanent residency
- Spanish proficiency exam
- History & civics exam
- Tax registration with filings
- Professional activity in Paraguay
- Clean criminal record, 18+
Passport Benefits
- 146 countries visa-free
- Schengen Area access
- USA E-2 visa eligible
- MERCOSUR freedom of movement
*Dual citizenship allowed in practice for most nationalities. See FAQ for details
The financial hub of Central and South America. Panama City offers a Miami-esque skyline, world-class banking, a large expat community, and territorial taxation - all with a clear path to residency.
- Territorial tax: 0% on foreign income
- Up to 25% on local income
- No inheritance, wealth, gift, or estate tax
- Low property tax
- Robust international banking
- Visit once every 2 years
- No strict physical presence requirement
- Maintain residency from anywhere
- Eligible after 5 years permanent residency
- Oath of renunciation required
- Spanish proficiency required
*Most Western countries don't enforce Panama's oath. See FAQ for details
- American-trained doctors
- Large expat community
- Excellent flight connections
- Pensionado discounts (25% off for retirees)
- Digital nomad friendly
Regulatory Status
Removed from FATF grey list (October 2023) • Remains on EU list of non-cooperative tax jurisdictions
Residency Programs For Individuals
Whether you're seeking tax optimization, a backup plan, or a new home base, these programs offer flexibility without requiring you to relocate full-time.
Timeline
2 years → permanent
Deposit
None required
What you get:
- Territorial tax (0% on foreign income)
- Visit requirement: Once every 3 years
- Citizenship eligible after 3 years
- Dual citizenship allowed
- Full concierge support
*Requirements may vary by nationality. Some countries may require additional documentation such as a university diploma. Contact us to confirm requirements for your specific situation.
Timeline
2 years → permanent
Eligible
USA, Canada, UK, EU, AU +45
What you get:
- Territorial tax (0% on foreign income)
- Visit requirement: Once every 2 years
- Citizenship eligible after 5 years
- World-class banking access
- Full concierge support
*For citizens of 50+ approved countries including USA, Canada, UK, EU nations, Australia, and others. Requirements differ for other nationalities - contact us for details.
Fast-Track Investor Programs
Accelerated pathways for those ready to make a significant investment. Get residency faster with additional benefits.
Investment
$70,000
(can be deployed over 10 years)
Additional Fees
~$14,000
Timeline to Permanent Residency
45-90 days
Requirements:
- Paraguay company formation
- Paraguay bank account
- Business plan showing investment commitment
What you get:
- Immediate permanent residency
- 10% corporate tax on local income only
- Foreign income: $0 tax
- Visit once every 3 years
- Citizenship in 3 years
Investment Options:
*Through October 2026
Timeline to Permanent Residency
~45-60 days
What you get:
- Immediate permanent residency
- No provisional period
- 25% corporate tax on local income
- Foreign income: $0 tax
- Visit once every 2 years
- Citizenship in 5 years
Your Path to Residency
We handle everything from document preparation to in-country support. Here's what to expect.
30-minute no-obligation call to evaluate your situation and explain your options.
Based on your consultation, we'll confirm whether residency is a fit for your situation and outline the most appropriate pathway. If we're aligned, we'll agree on scope, next steps, and move forward.
Pricing depends on your pathway and situation and is discussed during the call. In some cases, we may advise against proceeding if a residency isn't a good fit - and we'll be clear about that upfront.
Choosing the correct pathway at the outset matters. The standard 2-year route requires a second return trip to secure permanent residency. The consultation itself is always exploratory and no obligation.
We guide you through obtaining and processing required documents:
- Birth certificate (apostilled)
- Criminal record (apostilled, less than 6 months old)
- Marriage/divorce certificate if applicable (apostilled)
- Valid passport (6+ months validity)
Our country-of-origin support means we help you get everything right BEFORE you travel. Document requirements vary by pathway. Investor programs (Paraguay SUACE or Panama Qualified Investor) may require proof of investment or additional financial documentation.
Your documents are reviewed by our in-country legal team and submitted to immigration authorities.
If you choose an investor pathway (Paraguay SUACE or Panama Qualified Investor), your application is submitted directly for permanent residency.
If you choose the standard pathway, your application is submitted for a 2-year temporary residency.
Pathway selection is confirmed after your consultation.
Paraguay: 3-5 business days in Asunción | Panama: 3-7 business days in Panama City
- Airport meet and greet
- Transportation to all appointments
- English/Spanish interpreter
- Immigration lawyer coordination
- Document submission
Travel requirements vary by pathway and country.
You receive your residency card.
Investor pathway clients receive permanent residency.
Standard pathway clients receive a 2-year temporary residency. Permanent residency requires a separate application before the 2-year term expires.
This step applies only to clients on the standard 2-year temporary residency pathway. Before your temporary residency expires, you must return to the country to submit your permanent residency application with the lawyer. We reach out well in advance to coordinate timing, documentation, and logistics.
Failure to complete this step results in the temporary residency expiring and the process ending without permanent residency.
There is no additional advisory fee from Plan B Expat for this step. Lawyer fees for permanent residency processing apply and are outlined in advance. Investor pathway clients skip this step entirely.
After Arrival
Residency is just the beginning. We help you get settled with these optional add-on services.
- Airport pickup with local driver
- Activated local SIM card
- 2-hour city orientation
- Bank account introduction scheduled
- On-call assistance for first 90 days
- Utility and internet setup help
- Translator for appointments
- Full process coordination
- Translator included
- Paraguay and Panama
Rates vary by country and scope. Ask during your consultation.
Required Documents
| Document | Paraguay | Panama |
|---|---|---|
| Valid Passport | ||
| Birth Certificate (apostilled) | ||
| Criminal Record (apostilled) | ||
| Marriage/Divorce Certificate | If applicable | If applicable |
| Health Certificate | Sometimes | |
| Proof of Investment | Investor path only | |
| Passport Photos |
Program Comparison
Compare all four residency options to find the best fit for your situation.
| Feature | ParaguayStandard | ParaguayInvestor | PanamaFriendly Nations* | PanamaQualified Investor |
|---|---|---|---|---|
| Upfront Cost | ~$5,000 - $7,000 | $70,000 + $14,000 fees | $200,000 investment | $300,000+ investment |
| Time to Permanent | 2 years | 45-90 days | 2 years | ~45-60 days |
| Visit Requirement | Every 3 years | Every 3 years | Every 2 years | Every 2 years |
| Tax on Foreign Income | 0% | 0% | 0% | 0% |
| Tax on Local Income | 10% | 10% | Up to 25% | Up to 25% |
| Citizenship Timeline | 3 years | 3 years | 5 years | 5 years |
| Dual Citizenship | Allowed* | Allowed* | Oath required** | Oath required** |
| Banking Quality | Developing | Developing | Excellent | Excellent |
*Paraguay allows dual citizenship for most nationalities in practice, though constitutionally limited to treaty countries (currently Spain).
**Panama requires an oath renouncing original citizenship. However, US, Canada, UK, and EU countries don't recognize this oath - most clients effectively keep both passports.
Friendly Nations Visa available to citizens of 50+ approved countries. Contact us for options if your country is not listed.
- You want the lowest cost option
- Dual citizenship is important
- You prefer visiting less often (every 3 years)
- Faster citizenship matters (3 years)
- You need world-class banking
- You prefer a metropolitan lifestyle
- You have $200,000+ to invest
- You're okay renouncing original citizenship later
Not sure which is right for you?
Book a Free ConsultationWhy Plan B Expat?
Plan B Expat was built around a few deliberate choices about how residency guidance should work.
- Clear about what can be influenced - and what cannot
- Ongoing support from first document through arrival
- Trilingual communication: English, Spanish, and French
- Focused on Paraguay and Panama, including banking, tax, and company considerations
- Flat advisory fee with defined scope
- Guidance through the practical gaps that fall between legal steps
Residency decisions depend on factors that change by country, by year, and by individual situation. No one can responsibly promise approvals or timelines. What this site does offer is clarity before commitment - and informed guidance through each stage of the process, so you understand your options and tradeoffs as you move forward.
Transparent Pricing
No hidden fees. Here's what you can expect to invest in your new residency.
Paraguay Residency
- No deposit required
- Full concierge support included
*Final requirements confirmed during consultation based on your nationality.
Contact for Personalized Quote- Formation & processing fees: ~$14,000
- Direct to permanent in 45-90 days
Panama Residency
- Full concierge support included
*Available to citizens of Friendly Nations countries only. Other nationalities may have different requirements and investment thresholds.
Contact for Personalized Quote- Direct permanent in ~45-60 days
- Full concierge support included
Insights & Updates
Stay informed about Paraguay and Panama with our latest articles, guides, and updates.
View All ArticlesEssential Guides
Featured
Panama Qualified Investor Visa: Complete Guide to Fees, Requirements & Timeline
Everything you need to know about Panama's Qualified Investor Visa, including investment options, government fees, timeline, annual requirements, and the October 2026 deadline.
Panama Company Compliance Alert
Panama is enforcing company filing requirements. Friendly Nations visa holders may owe thousands in penalties.
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Frequently Asked Questions
Get answers to the most common questions about Paraguay and Panama residency.
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