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.
Resolution 0283/2026 establishes the framework. The operational reality — how SUACE, MIC, and Migraciones actually apply it — lives in the fine print, sourced from direct consultation with Paraguayan counsel working the files daily.
The regulation is silent on married couples. In MIC's interpretation and applied practice, the USD 200,000 threshold runs per applicant. A couple seeking permanent residency for both partners through real estate must document USD 400,000 combined. There is no spousal dependent pathway under this track.
Adult children who want to qualify under their parents' Investor Pass application cannot. They are eligible to invest in their own names if they are 18 or older. Minors and dependents proceed through the ordinary residency pathway based on the principal investor's status.
SUACE has confirmed (via direct legal consultation in May 2026) that the USD 200,000 threshold may be reached by aggregating multiple qualifying properties. Apartments, land, mixed-use, off-plan units — any combination is acceptable provided each property satisfies the regulation's economic-purpose criteria and the documented total reaches the threshold per applicant.
The 180-day documentation rule is in the regulation, but the strategic flexibility is in how it's applied. The applicant chooses which qualifying instrument to present — the private contract or the public deed. The 180-day clock runs from whichever document is filed. A contract signed today and a deed registered six months later effectively gives an extended documentation window for buyers undecided about exact filing timing.
Article 6° does not specify an explicit holding period for real estate. However, Paraguayan counsel recommends a self-imposed two-year hold by analogy to the financial instruments track (explicit two-year hold) and the productive investment track (two-year materialization window). During the hold, the property should be available for rent or productively used. Offering it for rent satisfies the requirement even if it does not lease.
Article 1°(e) excludes acquisitions for exclusively personal or family use. Compatible structures include holding via SRL with a formal lease, mixed-use occupation with documented rental income, short-term rental with declared revenue, or full investment property held for appreciation. The framing of the investment matters as much as the property itself.
The sworn declaration on origin of funds is mandatory. SEPRELAD reviews supporting documentation — bank statements, tax returns, sale of business, inheritance records. US clients with standard income sources (W-2, 1099, IRA, home sale proceeds) typically clear without friction. Less common sources (cryptocurrency, offshore holdings, foreign business proceeds) face additional review and benefit from front-loaded documentation.
Article 46 of Migration Law 6984/2022 exempts qualifying investors from the temporary residency prerequisite. Once SUACE issues the Foreign Investor Certificate (CIE), the applicant proceeds directly to permanent residency processing at the Dirección Nacional de Migraciones — bypassing the two-year temporary residency phase that ordinary applicants serve. The 10-year cédula is granted on permanent status from the start.
Resolution 0283/2026 took effect April 21, 2026. Applications can be filed today through SUACE in Asunción. The online portal announced at the program's Brazil launch has not yet gone live; current filings are submitted in person. The procedural pathway mirrors the prior 1052/2025 framework, with the new track-specific requirements applied.
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.
Important: The USD 200,000 threshold applies per investor, not per family or per household. A married couple seeking permanent residency for both spouses through the real estate track must therefore document USD 400,000 in qualifying real estate investment between them. Children cannot apply through this pathway — minors and dependents qualify for residency through the ordinary process based on the principal investor's status.
No. The Investor Pass is structured around individual investors. Each adult applicant requires their own qualifying investment of at least USD 200,000 documented in their name. A married couple seeking permanent residency for both partners through the real estate track must therefore plan for a combined minimum of USD 400,000 in qualifying property.
Practically, this can be structured as separate properties in each spouse's name, or co-titled property where the documented investment per spouse meets the threshold. The structuring should be reviewed before contract execution to ensure both applications will be supported by the documentation. This is a common point of confusion and one of the most consequential planning details for couples evaluating Paraguay.
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.
A useful planning detail: the 180-day clock runs from whichever document the applicant chooses to present — either the private contract or the eventual escritura. A buyer who signs a private contract today, completes the transaction in six months, and then signs the escritura, can present the escritura instead of the original contract — effectively resetting the 180-day window with the more recent document. This gives buyers flexibility to defer the residency application decision while remaining eligible.
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.
Yes. SUACE has confirmed that aggregation across multiple real estate assets is permitted under Resolution 0283/2026. The investment may be assembled from any combination of qualifying properties — multiple apartments, a mix of apartments and land, residential plus commercial, etc. — provided the documented total reaches USD 200,000 per investor and each property independently satisfies the regulation's economic-purpose requirement.
This was confirmed via direct consultation with SUACE through Paraguayan legal counsel in May 2026. The aggregation pathway gives buyers significant flexibility to structure deals — for example, a couple targeting USD 400,000 combined can each hold a USD 200,000 property, or one spouse can hold two USD 100,000+ properties combining to meet their threshold, depending on what fits the broader investment objective.
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.
Resolution 0283/2026 does not state an explicit minimum holding period for the real estate track. However, the regulation's other tracks are illustrative: financial instruments require a two-year hold, and the productive investment track requires a two-year materialization window for business plans.
Applying the spirit of the regulation, the conservative posture for real estate is a self-imposed two-year hold during which the property is offered for rent or otherwise productively used, even if no tenant materializes (the regulation does not penalize good-faith marketing without tenant placement). This treatment is consistent with how SUACE has historically followed up on investor compliance under prior regimes. Buyers planning to exit the position quickly should structure the deal with this expectation in mind.
Both require USD 200,000 minimum, but the documentation requirements differ in a way that favors real estate for most foreign buyers. The financial instruments track requires that the full investment amount be already deployed at the time of application — a certificate from a Central Bank-regulated issuer documenting the complete USD 200,000 position is required.
The real estate track, by contrast, accepts a notarized private contract with only 30% of the total paid. This is a meaningful structural advantage for buyers who want to spread their capital deployment over time, particularly on off-plan transactions where payments are scheduled across the construction period. The real estate track effectively allows applicants to qualify for residency with USD 60,000 deployed against a USD 200,000 commitment, while the financial instruments track requires the full position from day one.
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.