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With a population of just under seven million and an area of 406,752 kilometers, Paraguay has a stable market economy and a reliable government. The country has the most competitive tax scheme in the region and the most stable currency in South America. GDP growth has averaged 4.5% for the past 10 years, and the investment climate is excellent with high rates of return. Paraguay’s culture is open and inclusive to foreigners.
Latin American countries are popularly known for offering paradise to those looking for a change of pace from busier and more expensive countries. Most of these popular areas for expats are in Mexico, Costa Rica, Belize, and Panama. Paraguay is more of a hidden gem, at least for now. The fact that it is a landlocked country has most likely contributed to this, but permanent residency in Paraguay is becoming a more appealing option for expats of late. Here are a few reasons why.
Owning a home is a keystone of wealth… both financial affluence and emotional security.