Welcome to the Maverick Life, a special section of the ROI club focused on increasing your individual freedom through personal sovereignty.
As someone who has traveled extensively and explored multiple residency options worldwide, I’ve come to appreciate Paraguay as a standout destination for those seeking financial freedom, personal sovereignty, and a welcoming environment for innovation. I'm looking to add it to my list of residency options and after having had bad experiences with lawyers etc during different citizenships and residency processes let me share why Paraguay might be your next move, with insights from my recent podcast featuring Paul and the team at Plan B Paraguay.
In case you missed it check out our first conversation here:
1. Tax Advantages
Paraguay’s territorial tax system only taxes income generated within the country. Foreign income? Completely tax-free. For digital nomads, investors, and crypto enthusiasts, this can translate into massive savings. Low corporate tax rates sweeten the deal for entrepreneurs.
*Note: you must obtain and MAINTAIN LEGAL TAX RESIDENCY in Paraguay to qualify or your country of origin may look to claim taxation even in the event you've moved.
** US citizens - you're not so lucky and this doesn't apply.
2. Political Stability and Freedom
With a stable government and minimal regulatory interference, Paraguay provides a consistent and secure environment. Personal freedoms are prioritized, giving you the space to live and work on your terms.
3. Crypto-Friendly Atmosphere
Abundant, affordable electricity and a lenient regulatory stance make Paraguay an emerging hub for crypto mining and investments. It’s an ideal choice for those deeply involved in the crypto world.
4. Effortless Residency Process
Securing residency is refreshingly simple. A bank deposit of around $5,000 USD can set you on the path to permanent residency, with potential citizenship after just three years. *Talk to Paul and the team because there are changes occurring here*
5. Cost of Living and Lifestyle
Paraguay offers a high quality of life at a fraction of the cost of many Western countries. Its warm climate, rich landscapes, and community-focused culture make it a delightful place to call home.
In the podcast above, Paul estimates that you'd want an income of at least $20,000 USD per year to make it worthwhile. Easy as.
6. Regional Access
Located in the heart of South America, Paraguay is a strategic base for exploring the continent’s economic and cultural hubs, including Brazil and Argentina.
In my podcast with Paul we dive into what makes Paraguay a compelling choice for living the maverick life.
What do you think? Could Paraguay be the right fit for you?
If you'd like to learn more, feel free to book in for a chat with Paul and the team below, be sure to tell them I sent you.
Get in touch with Paul Here:
https://calendly.com/planbparaguay/plan-b-paraguay-residency-maverick
Stay adventurous Maverick,
Benjamin.
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