Paraguay's new Investor Pass program grants direct permanent residency to foreign investors who deploy USD 200,000 into qualifying real estate. No business plan. No employment requirements. Five-day processing once your file is complete.
On April 21, 2026, Paraguay's Ministry of Industry and Commerce issued Resolution 0283/2026, replacing the prior framework and modernizing the country's investor-residency program.
The program — branded "Paraguay Investor Pass" — restructures qualification into four distinct tracks, each with its own threshold and requirements. For the foreign buyer, the consequential change is this: real estate is now its own clean category at USD 200,000, with no business plan, no employment generation, and no obligation to operate a business in Paraguay.
For an American or European investor seeking jurisdictional diversification through a tangible asset, this is the most efficient real estate-based residency program in Latin America today.
Resolution 0283/2026 establishes four distinct investment categories, each with its own minimum threshold and documentation requirements. Real estate is the cleanest path for buyers who want a tangible asset without operational obligations.
Article 6° of Annex I governs the real estate track. The operational details matter more than the headlines — particularly for off-plan transactions and portfolio structuring.
Calculated at the official exchange rate at the moment of application. Investments may be already executed or in progress, provided the economic commitment is documented. Either dollars or guaraníes are acceptable.
Either a registered escritura pública transferring ownership, or a private purchase contract with notarized signatures. The latter requires that at least 30% of the declared total has been paid — opening the door for off-plan transactions where the public deed is still 18-24 months away.
All investment documentation must be no older than 180 calendar days from the application filing date. Older documents must be refreshed with current property registry certifications before submission.
Article 1°(e) explicitly excludes acquisitions for exclusively personal or family use. The investment must produce rental income, be held for capital appreciation, or be productively exploited. Personal residence framing is incompatible with the regulation.
Unlike the productive track, real estate investors do not need to submit a business plan, generate any formal employment, or open a company in Paraguay. The investment itself is the qualifying event.
Once a complete file is submitted, SUACE has five business days to issue the Foreign Investor Certificate. The clock pauses if observations or corrections are requested. Permanent residency processing at Migrations follows.
Permanent residency is the operational gateway to the entire Paraguayan stack. Without it, foreigners can buy real estate on a passport — but everything downstream is gated.
The Investor Pass is, in practice, the master key to participating in the Paraguayan economy. With permanent residency, you obtain a Paraguayan cédula — and from there, the full local infrastructure becomes accessible.
Tax registration (RUC), corporate banking, business formation, contract execution in your own name, ability to invoice, hire, and operate locally — all of it depends on having a cédula. Foreigners without residency are operationally limited regardless of how much capital they bring.
This is why serious Plan B investors don't optimize for the property purchase alone. They optimize for the residency that unlocks the rest of the stack.
The Investor Pass is one piece of a broader strategic effort. Paraguay has spent the last several years constructing the legal and institutional infrastructure to attract serious capital — and the data behind that effort is verifiable.
Paraguay holds investment-grade ratings from Moody's and S&P, the result of two decades of disciplined fiscal management. Public debt remains among the lowest in Latin America as a percentage of GDP.
Paraguay taxes only Paraguay-sourced income. Foreign earnings, capital gains on assets held abroad, and offshore investment income are not subject to Paraguayan tax — making the residency particularly attractive for globally mobile professionals.
Permanent residency in Paraguay grants Mercosur residency rights, with simplified pathways to live and work in Argentina, Brazil, Uruguay, and Bolivia. Strategic for those building Southern Cone exposure.
The guaraní has been one of Latin America's most stable currencies over the past decade. Paraguay's Central Bank operates independently with consistent inflation targeting and significant foreign reserves.
Asunción sits at the geographic heart of South America's industrial and agricultural belt, with direct access to the Paraná-Paraguay waterway and emerging logistics corridors connecting the Atlantic and Pacific.
Asunción remains one of the most affordable capital cities in the Americas. A USD 200,000 property here secures meaningful inventory in established neighborhoods like Villa Morra, Las Mercedes, and Carmelitas.
A curated catalog of Investor Pass-eligible properties is launching here shortly. In the meantime, current properties are featured on our Instagram — updated as new qualifying inventory comes available.
Each property posted is verified to meet the USD 200,000 threshold and the regulation's economic-purpose criteria. Building name and neighborhood are public; full unit details are shared in private consultation.
A complete residency timeline for a well-prepared applicant. Sequencing matters — most delays are caused by document timing, not by the regulation itself.
USD 200,000+ qualifying property. May be a single asset, an off-plan unit with at least 30% paid, or multiple properties whose combined value reaches the threshold (subject to SUACE acceptance).
Either escritura pública or private contract with notarized signatures. Payment trail must be clean and traceable for SEPRELAD source-of-funds review.
Apostilled background checks, INTERPOL Paraguay certificate, source-of-funds declaration, passport, entry stamp. Foreign documents translated by a registered Paraguayan public translator.
Submitted online through MIC's portal. SUACE has five business days to issue the Foreign Investor Certificate once the file is complete.
The CIE is presented to the Dirección Nacional de Migraciones, which processes the permanent residency carnet. The standard two-year temporary residency requirement is bypassed.
National ID issued by the Department of Identifications. Required for opening Paraguayan bank accounts, registering vehicles, and conducting business locally.
I help foreign buyers avoid costly mistakes when investing in Paraguay real estate.
I spent years in New York real estate as the COO of a top-producing team — managing transactions, negotiating deals, and learning what professional buyer representation actually looks like in a regulated, MLS-driven market. Then I made a decision most New Yorkers wouldn't: I left it all behind and moved to Paraguay full-time for a new life.
What I found when I arrived was a market full of opportunity — and a glaring gap. Paraguay has incredible advantages for foreign investors: a territorial tax regime, strong currency stability, low debt, Mercosur access, and now the Investor Pass program. The country's light-touch regulatory environment is genuinely good for entrepreneurs and capital. But that same lack of structure — no MLS, no standardized pricing, no buyer-side broker norm — actively works against foreign investors who don't have proper representation.
Foreign buyers consistently overpay. Listings are fragmented across WhatsApp groups, agent networks, and developer offices. The same unit can be quoted at three different prices by three different agents. There's no centralized data. There's no fiduciary duty to the buyer. Most foreign investors don't realize this until they've already wired money on a deal that wasn't actually a deal.
That's the problem Ameriguayan exists to solve. I bring New York-grade buyer representation — pricing analysis, due diligence, deal structuring, negotiation — to a market that has never had it. Foreign investors get a single English-speaking point of contact: me. Behind that, I work alongside trusted local partners — escribanos, attorneys, and residency specialists like Plan B Paraguay — who handle the Spanish-language and legal infrastructure of every transaction.
This site is a project of Ameriguayan, my independent consultancy serving foreign investors in Paraguay. Ameriguayan is not affiliated with the Paraguayan government, MIC, REDIEX, or SUACE — we are an independent advisory firm.
The Investor Pass program is, in my view, the most material regulatory development for foreign real estate investment in Paraguay this decade. If you're evaluating it, I'd be happy to walk you through what it actually means for your situation.
USD 200,000 (or guaraní equivalent at the official exchange rate). This is set by Article 6° of Annex I of Resolution 0283/2026, issued by Paraguay's Ministry of Industry and Commerce on April 21, 2026.
No. The real estate track explicitly does not require a business plan and does not require the creation of any formal jobs. This distinguishes it from the productive investment track, which has a lower USD 70,000 threshold but requires both.
Yes. Resolution 0283/2026 explicitly accepts a private purchase contract with notarized signatures as proof of investment, provided that at least 30% of the declared investment amount has been paid. Buyers do not need to wait for the public deed (escritura) to be issued, which can take 18 to 24 months on off-plan transactions.
The contract and supporting payment documentation must be no older than 180 days from the application date.
Once a complete application file is submitted, SUACE has five business days to issue the Foreign Investor Certificate. Permanent residency processing at the Dirección Nacional de Migraciones follows separately. End-to-end timelines for a well-prepared applicant typically run four to eight weeks.
Article 1°(e) of Annex I explicitly excludes acquisitions intended for exclusively personal or family use. The investment must be income-producing, held for capital appreciation, or otherwise economically productive.
In practice, the property can be rented (long-term or short-term), held for appreciation, or used for business purposes. Buyers planning to use the property personally should structure the investment narrative around its economic purpose — not its lifestyle utility.
The regulation's text is permissive on this point but does not explicitly authorize aggregation. Article 1°(e) defines real estate investment as "capital destined to the acquisition, development, or exploitation of real estate assets" — using plural language that naturally accommodates a portfolio approach.
Under the prior 1052/2025 regime, SUACE accepted aggregated portfolios in practice. Whether 0283/2026 maintains that operational policy requires confirmation from the Dirección de Inversiones y Regímenes Especiales. I confirm this for clients before structuring deals around it.
No. The Investor Pass grants permanent residency, not citizenship. Paraguay does not require renunciation of any other citizenship. Investors retain their original passports and nationalities.
Paraguay also permits dual citizenship, so investors may pursue Paraguayan naturalization later — typically after three years of permanent residency — without surrendering their original nationality.
Required documents include passport or national ID, proof of entry to Paraguay, an apostilled or legalized police background check from your country of origin, an INTERPOL Paraguay certificate (obtained locally), a sworn declaration on the source of funds for anti-money-laundering compliance, and proof of the qualifying real estate investment.
All foreign documents must be apostilled or legalized through consular channels and translated to Spanish by a registered Paraguayan public translator. Brazilian Portuguese documents are exempt from translation.
The CIE pathway under Article 46 of Migration Law 6984/2022 exempts qualifying investors from the temporary-residency prerequisite. The framework is structured for direct conversion to permanent residency without serving the standard two-year wait that applies to non-investor temporary residents.
For applicants who already hold temporary residency, this is typically confirmed at the desk by the Dirección Nacional de Migraciones. I confirm operational specifics for clients in this situation before proceeding.
Beyond the right to live in Paraguay indefinitely, permanent residency is the gateway to the full local infrastructure: a Paraguayan cédula (national ID), a RUC (tax registration), local bank accounts, and the practical ability to operate a business or hold assets in your name.
Without residency, foreigners can buy real estate on a passport, but everything downstream — banking, tax registration, business formation, contract execution — is operationally gated. The Investor Pass is, in practice, the master key to participating in the Paraguayan economy.
At current pricing, USD 200,000 secures meaningful inventory in established neighborhoods. In Villa Morra, this typically represents a one-bedroom unit in a well-built modern building. In Las Mercedes or Carmelitas, two-bedroom apartments are achievable. Off-plan inventory in good developments is generally accessible from this price point.
I work with a network of escribanos, attorneys, and local market contacts to identify qualifying inventory matched to a buyer's specific objectives — yield, appreciation, neighborhood, or developer credibility.
Yes. Paraguay operates a territorial tax system, meaning only Paraguay-sourced income is subject to Paraguayan taxation. Foreign-sourced income, foreign capital gains, and offshore investment returns are generally not subject to Paraguayan tax.
This is a structural feature of the Paraguayan tax code and applies to permanent residents. For specific situations involving complex international structures, individual tax advice from a qualified accountant is recommended.
The Investor Pass involves two distinct workstreams: identifying and securing a qualifying property, and processing the residency application itself. I handle the first. Plan B Paraguay handles the second. Together, we deliver the full path from initial inquiry to permanent residency carnet.
If you want to start the residency conversation directly — assess fit, walk through your situation, understand the document requirements — Plan B Paraguay is the team that handles every CIE we work on. Their 30-minute consultation is free and substantive.
Book free 30-min call →The full text of the regulation governing Paraguay's Investor Pass program. Signed April 21, 2026 by Minister Marco Nicolás Riquelme Boettner. This site summarizes the regulation; this is the source.
A 30-minute consultation to assess whether the Investor Pass fits your situation, what qualifying inventory looks like in your price range, and what the realistic execution timeline looks like for you specifically.