Can You Get Paraguayan Citizenship Through a Bank Deposit?

While there’s no direct “pay-for-passport” scheme in Paraguay, the $5,000 bank deposit residency route is the key first step toward citizenship. Here’s how it works.

Step 1: Deposit for Residency

• Open a Paraguayan bank account

• Deposit USD 5,000

• Submit proof with your permanent residency application

Step 2: Maintain Legal Residency

• Remain a resident for at least three years

• Demonstrate local ties (banking, property, address, language skills)

Step 3: Apply for Citizenship

• File your application through the judicial system

• Attend interviews or hearings

• Receive citizenship and Paraguayan passport after approval

Why This Route Is Popular

• No income or business requirements

• Low cost

• Flexible timelines

• Citizenship without full-time presence

Keen to know more? Download CitizenPY – your personal assistant for everything related to Paraguayan citizenship.