How the $5,000 Bank Deposit Residency in Paraguay Works

One of the easiest ways to become a legal resident in the world is through Paraguay’s USD 5,000 bank deposit route. Here’s how it works from start to finish.

Step-by-Step Process

1. Open a local bank account in Paraguay

2. Deposit USD 5,000

3. Get a bank-issued certificate of deposit

4. Submit it with your residency application

5. Receive your permanent residency card

Key Benefits

• No investment or income requirement

• Deposit is not a fee — it’s refundable

• You can withdraw funds after residency is granted

How Long It Takes

The process generally takes 6–8 weeks, depending on document readiness and biometrics scheduling.

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