Hello
I would like to share my experience with my trip to Paraguay. The reason for the trip was to become a tax resident in that country. I am a sports trader using exchange bookmakers and an EU citizen. It is not easy to declare all arbitrage bets/trades, which is why I decided to look into Paraguay as an option.
The process required a single visit of about three days. I brought an apostilled birth certificate and a criminal record certificate. After that, most things were handled locally through assistance on the ground. From what I saw, trying to go through the process without help can be difficult, I witnessed several people at the immigration office facing issues when doing it alone.
The full process takes approximately 3 4 months. In my case, I expect to receive a Paraguayan tax number (RUC) and identity card (Cedula). This setup allows me to declare my income through the Paraguayan tax office and pay 0% income tax, based on their current system.
Next year, I’ll be able to apply for a tax residency certificate, which can be used to demonstrate tax residency to authorities in my home country. Paraguay can be an attractive option for remote workers, digital nomads, crypto traders, and others in e-services, especially since it doesn’t require full-time residency, unlike other jurisdictions such as the UAE.
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I would like to share my experience with my trip to Paraguay. The reason for the trip was to become a tax resident in that country. I am a sports trader using exchange bookmakers and an EU citizen. It is not easy to declare all arbitrage bets/trades, which is why I decided to look into Paraguay as an option.
The process required a single visit of about three days. I brought an apostilled birth certificate and a criminal record certificate. After that, most things were handled locally through assistance on the ground. From what I saw, trying to go through the process without help can be difficult, I witnessed several people at the immigration office facing issues when doing it alone.
The full process takes approximately 3 4 months. In my case, I expect to receive a Paraguayan tax number (RUC) and identity card (Cedula). This setup allows me to declare my income through the Paraguayan tax office and pay 0% income tax, based on their current system.
Next year, I’ll be able to apply for a tax residency certificate, which can be used to demonstrate tax residency to authorities in my home country. Paraguay can be an attractive option for remote workers, digital nomads, crypto traders, and others in e-services, especially since it doesn’t require full-time residency, unlike other jurisdictions such as the UAE.
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"lightbox_next": "Next",
"lightbox_previous": "Previous",
"lightbox_error": "The requested content cannot be loaded. Please try again later.",
"lightbox_start_slideshow": "Start slideshow",
"lightbox_stop_slideshow": "Stop slideshow",
"lightbox_full_screen": "Full screen",
"lightbox_thumbnails": "Thumbnails",
"lightbox_download": "Download",
"lightbox_share": "Share",
"lightbox_zoom": "Zoom",
"lightbox_new_window": "New window",
"lightbox_toggle_sidebar": "Toggle sidebar"
}
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