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.