Quick Answer
Paraguay temporary residency is valid for 2 years and can be converted to permanent residency after 21 months. Paraguay permanent residency is valid for 10 years and requires renewal. To maintain temporary residency, you must visit once per year. To maintain permanent residency, you must visit at least once every 3 years. Paraguay citizenship can be obtained after 3 years of permanent residency.
Updated January 2026 | Source: Dirección General de Migraciones, Ley 6984/2022
Temporary Residency
- ✓ Valid for 1 year, renewable
- ✓ Gives you a Cédula (national ID)
- ✓ 0% tax on foreign income
- ✓ No minimum stay required
- ✓ Lower cost to obtain
- ✗ Cannot apply for citizenship
Best for: Most applicants, digital nomads
Permanent Residency
- ✓ Indefinite validity
- ✓ No renewal needed
- ✓ Path to citizenship
- ✓ 0% tax on foreign income
- ✓ Stronger legal status
- ✗ Requires 21-24 months temporary first
Best for: Citizenship seekers, long-term planning
Full Comparison Table
| Factor | Temporary | Permanent (Upgrade) | Permanent (SUACE) |
|---|---|---|---|
| Initial Cost | $2,290-4,495 | Upgrade service available | ~$14,000 + investment |
| Investment Required | None | None | $70,000 over 10 years |
| Timeline to Permanent | N/A | ~2 years | 45-90 days |
| Annual Visit Required | Yes (once) | Once per 3 years | Once per 3 years |
| Renewal | Every 2 years | Never | Never |
| Path to Citizenship | Must upgrade first | 3 years | 3 years |
| Banking Access | Basic accounts only | Full access | Full access |
| Best For | Flexibility seekers | Long-term planners | Business owners |
Upgrading: Temporary → Permanent
Timeline
- Wait: 21 months after receiving temporary
- Apply: 3 months before temporary expires
- Process: 30-60 days for approval
- Total: ~2 years from initial application
Requirements
- • Valid temporary residency (not expired)
- • Haven't been absent >12 months continuously
- • Clean record in Paraguay
- • Updated documents (some may need refreshing)
Service
- • Upgrade service available
- • All fees included in package
- • Contact us for pricing
SUACE Investor Program: Skip to Permanent
Go Straight to Permanent Residency
Investment Requirement
- • Minimum: $70,000
- • Can be distributed over 10 years
- • Must create ~5 local jobs
- • Real estate alone doesn't qualify directly
Costs & Timeline
- • Company formation + registration: ~$14,000
- • Official timeline: 10-20 business days
- • Realistic timeline: 45-90 days
Which Should You Choose?
Choose Temporary If:
- • Just want a Plan B residency
- • Unsure about long-term plans
- • Want lowest upfront cost
- • Don't need full banking access
- • Fine with annual visits
Choose Upgrade If:
- • Planning to pursue citizenship
- • Want full banking access
- • Prefer 3-year visit requirement
- • Don't mind waiting 2 years
- • No major investment budget
Choose SUACE If:
- • Have $70,000+ to invest
- • Starting a business in Paraguay
- • Want immediate permanent status
- • Time-sensitive (need status fast)
- • Plan to employ locals
Our Verdict
For most applicants, we recommend starting with temporary residency. It provides all the tax benefits and flexibility you need. You can upgrade to permanent later if you decide to pursue citizenship.
Start with temporary, upgrade when needed.
View PackagesFAQ
What is the difference between temporary and permanent residency?
Temporary: 2-year validity, must renew, annual visit required, limited banking access. Permanent: Never expires, visit once per 3 years, full banking access, eligible for citizenship after 3 years. Both allow you to live and work in Paraguay.
How do I upgrade from temporary to permanent residency?
After 21 months of temporary residency, apply for permanent 3 months before your temporary expires. Provide updated documents (some may need refreshing). Approval takes 30-60 days. The upgrade is routinely approved. Contact us for upgrade service packages.
Do I need permanent residency to apply for citizenship?
Yes. Paraguayan citizenship requires 3 years of permanent residency with at least 9 months physical presence per year. You cannot apply for citizenship with only temporary residency—you must upgrade first.
What is the SUACE investor program?
SUACE lets you skip temporary and go straight to permanent residency. Requirement: commit to investing $70,000 over 10 years and create ~5 local jobs. Cost: ~$14,000 for company formation + processing. Timeline: 45-90 days. Best for entrepreneurs starting a Paraguay business.
Which residency type do banks prefer?
Banks strongly prefer permanent residents. With temporary residency, you can only open a cuenta básica (basic account) limited to ~$1,100/month deposits. Permanent residency unlocks full banking access, USD accounts, and higher transaction limits.
Do I need permanent residency for the tax benefits?
No. Temporary residency gives you the same 0% foreign income tax benefit. You only need permanent for citizenship eligibility and full banking access.
Can I switch from permanent back to temporary residency?
No, and you wouldn't want to. Permanent residency has no expiration and fewer requirements. Once you have permanent, there's no benefit to downgrading. If your permanent residency lapses due to non-compliance (rare), you would need to restart the entire process from temporary.