What Happened with Paraguay’s Residency Program in 2023?

12 June

Looking back at 2023, Paraguay’s residency system remained one of the world’s most open and cost-effective. Here’s a recap of what stood out.

Trends Observed in 2023

• Higher application volumes from Indian and European expats

• Surge in digital nomad interest

• Legal firms offering bundled residency+tax services

Policy Highlights

• USD 5,000 deposit route stayed active

• No major changes to document rules

• Biometric appointments were made more efficient

Was It a Good Year to Apply?

Absolutely — most applicants reported approvals in under 2 months. Paraguay remained a standout for ease, cost, and citizenship eligibility.

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

Nikolas Kraljevic

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