The Pros and Cons of living in Paraguay

[@TheWanderingInvestor]

🇵🇾 More information on Paraguay residency and contact Aleksandr: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-paraguay/

[@aldozilli1293]

There's an underlying lack of respect to the countries you visit that makes me uncomfortable. You fulfil the arrogant north american stereotype looking to take advantage. Talking about lack of control as if it is a positive, ability to avoiding paying taxes, referring to Argentina as a basket case in front of a local and being equally derogatory about Paraguay as a 'shit hole' in front of a Paraguayan. Check yourself before you wreck yourself basically. Otherwise videos are informative but keep your humility and stay respectful.

[@VERTICALWisdom]

I have traveled to Paraguay, done business there. We are coming back to establish a large project and will be HAPPY to pay this country and government 10% in taxes. Wonderful, kind and happy people.

[@andreadan-ty7cv]

happy narcos

[@Kenny.G-33]

Need any workers ?

[@johnharder7549]

You will loose 100% of everything you own. Get out if you still can

[@lindavanderkelen9655]

Quite a statement. Whete is it based on?​@@johnharder7549

[@acasualviewer5861]

@@johnharder7549 why would you say that? I've been here 25 years and it has gone very well.

[@BetterMondayFasting]

I just got my Paraguayan residency today! I love it here!

[@TheWanderingInvestor]

@@BetterMondayFasting congrats!

[@BetterMondayFasting]

@@TheWanderingInvestor Now I am in the process of getting the cedula. After that I might need some help to get the RUK and the tax certificate. Do you offer such service?

[@TheWanderingInvestor]

@@BetterMondayFasting Yes, Aleksandr can help. His contact info is in the description

[@BetterMondayFasting]

@@TheWanderingInvestor Thank you, I just sent an email to Aleksandr through the online form.

[@druidceltic777]

hello can you tell me how long the process to get residency took please ? and appx over all cost , thankyou

[@juantorres-dj3fn]

As a paraguayan I think it is working to our advantage that people think it is a "shithole" and that it is one "of the poorest countries in the world" as someone from Venezuela once told me 😂😂. I just never say anything and stay quiet like most paraguayans because we don't want to get a flood of poor, unqualified people from the region or elsewhere like many countries receive and we know the consequences of that with crime, urban degradation, cultural clashes etc. We love they think that so nobody comes, only people with enough money. We know traveling around countries like Colombia and others that we have a much higher standard of living but we just stay quiet and don't care what others think. Something that is not true though is the lack of low budget airlines..there are some: jet Smart, Paranair, Fly Bondi and others I can't remember now. On the other hand, mosquitoes are not that presente everywhere all the time..I mean, in the cities where people live there are very few except at peak summer maybe. I assume that in the wild there are more but still I can't remember feeling lots of them even when I was in the countryside.

[@TheWanderingInvestor]

Insightful. Yes, Paraguay is much wealthier than the statistics imply.

[@MMMC-z8y]

Smart move! Keep it that way.

[@marciafranco1863]

Sssssh no des información..

[@MMMC-z8y]

@@marciafranco1863 de acuerdo.

[@milkybar06]

What is the crime like?

[@irynasymonenko2565]

to add, the choice in the supermarkets is quite good, comparing to the neighboring countries (Argentina).

[@no-one9741]

Now on my second visit to Paraguay. Have personally travelled to over 80 different countries, many on a bicycle. Paraguay is a very friendly country. They are not blessed with a world class tourist attraction. Iguazu Falls are actually in Brazil and Argentina. The road conditions and driving standards are many years behind other developed countries. The climate is generally good, but somewhat heated in the hight of summer. The food is good and very good value. On a European salary or pension the cost of living is advantageous. Overall, I like this country a lot.

[@jamesrandolph3964]

Thank you Aleksandr! I appreciate the honest and unvarnished assessment.

[@ifh4030]

Good interview. Thank you very much to both of you it was helpful.

[@Luisjoseglobal]

I went to Paraguay recently for the first time. It truly is a very underrated country and extremely affordable.

[@pathslesstrampled9906]

Coming down for a visit in Nov 2024! Very excited.

[@Suckitcommietwat]

How do you like it there?

[@ParaguaytranquiloO]

I would see not well connected as an advantage. If Paraguay was well-connected, that would mean more investments, more tourists and a higher cost of life. Being not well-connected prevent the country, to some extent, from losing its stability.

[@TheWanderingInvestor]

@@ParaguaytranquiloO interesting perspective

[@ciyaalkaxaafadamohamedyare9061]

Always love your content and education...keep it up bro!!!!!!!!..Abdi :L-)

[@prov31x]

Thorough and practical information, thank you… pros and cons were great to hear

[@TheWanderingInvestor]

Glad you enjoyed it 👍

[@Abgedreht_im_Paradies]

Great video! Thank you! ☀️ We ❤️ El Paraiso Verde 🇵🇾☀️🌴❤️ in Paraguay ☀️❤️ We have been living happily with our family in El Paraiso Verde since 2021, and we are very happy every day in this protected settlement area! ❤️ Even back then, there were a few nasty agitators who were paid by the competition to speak and write badly about El Paraiso Verde. We didn't let this influence us - and we are very happy about that. Our daughter plays with different children every day - and always with her favourite Paraguayan friend. She is already going to school. She can move freely and safely around the 16 square kilometres of the settlement. We live happily here in this professionally guarded and protected settlement area with our friends and so many warm-hearted settlers of El Paraiso Verde. We love to go swimming in the almost always marvellous sunny weather - and we can do that here in one of the many wonderful bathing lakes in pleasantly warm water almost ten months of the year. We also go into the jungle several times a week - and it is always an adventure for my daughter to discover the exotic animals up close. Our daughter is also very happy here on horseback, and on our tours by motorbike or bicycle through El Paraiso Verde we are amazed by the different animals and wild bird species in the nature reserve. We have also had our titles for our properties for a few months now. Fortunately, we had bought another plot next door, as there will soon be no more plots available in the immediate vicinity of the jungle. We are now having Reljuv build us a house right next to a wide river and with a view of the jungle, very close to a large lake that we can go to by boat or swimming every day. As a pleasant wind blows here almost every day, we will soon be windsurfing on the large lake. For the few cooler and rare cold days, we look forward to our sauna and our open fire. We are happy and grateful that we and our family have become a living part of Dr Erwin and Sylvia Annau's brilliant vision in this magnificent settlement project. We enjoy every wonderful day here. ☀️❤️🌴

[@palirvin1871]

Good Video, hoping to visit in 2026. Argentina & Paraguay

[@jgm3620]

Great country, peaceful and lot of freedom

[@ManuelMindblossom-w7u]

Aleksandr said you can open a local account with the residency card. Sorry, but this is wrong. I just went to EVERY bank in Asuncion a few weeks ago. Everyone requires the cedula as a starter. Many require more than that (for a basic account mind you).

[@Kiama17]

What's a the cedula ?

[@shigueohamada]

They changed the rules.

[@shigueohamada]

​@@Kiama17It's like an id card

[@quicodamotoca]

@@Kiama17 ID

[@soundslight7754]

Great video, coming across very honest and without bias. I know this video was about other topics but please do elaborate on minimum stay per year to keep the residency valid and how long it's for (renew every year, every 3 years etc)? Thanks a lot

[@TheWanderingInvestor]

Thank you. Once you have permanent residency you are expected to set foot there for 24h every 3 years.

[@soundslight7754]

@@TheWanderingInvestor It's clear now, thanks so much

[@kellyname5733]

@@TheWanderingInvestor I want the details of 'how' an 'what is needed' to start with...temp residency. Would your guest help me to get residency? Thanks

[@TheWanderingInvestor]

@ Absolutely, here: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-paraguay/

[@FTAVSLM]

Hello, In paraguay you can´t have your gun in your car, you can only have it on your house, with the "portación" document you are enabled to carry your gun in concealment, and only with that credential you can have it on your car or in your concealed carry holster.

[@rl7586]

If you so happy there, you are in the right place Greetings from Australia

[@citizenturk]

Great ❤ Thanks for sharing 🇹🇷

[@steventaylor5283]

THANKS FROM AUSTRALIA

[@ManuelMindblossom-w7u]

A few points I would like to share. The government doesn't control you, except when you are on the radar such as through the residency process. then you are dealing with massive corruption. Bolivia is the other territorial tax country in South America. For negatives, the biggest one you missed is weather - it is beyond insanely hot almost all year, without oceans/beaches to cool off.

[@ParaguaytranquiloO]

Fully agree on the weather. Not many folks can adapt to it. It's September 2024 and we are already reaching 42/43 degrees celsius in feel like temperature! Factor in the smoke as well. Over past few months we only had several days of blue sky.

[@ba8898]

@@ParaguaytranquiloO yep, grey skies for days on end due to smoke. Apparently it's a common occurence, especially in the summer. A massive negative.

[@MariaAmaliaFerreiraDaCosta]

​@@ba8898NO ES CULPA DEL PARAGUAY, SINO DE LOS PAÍSES VECINOS!!! 🤷🏼‍♀️🤷🏼‍♀️🤷🏼‍♀️

[@ivanmarc3155]

@@ba8898 no that common, Is because of fires in bolivia- brazil region. But yeah weather here is big turn off

[@kellyname5733]

@@ParaguaytranquiloO Smoke?? What smoke? Where did it come from? Is it true that smoke is from fires?

[@BartHuisman-qg8ft]

Hi, is this a re run? of a former interview, we were there a few months ago, really liked the country, but when it comes to speed limits etc, I got three tickets in 20 minutes, going 80km in a 50km zone, on a four lane highway, found out from others, I didn,t get a discount. never got a ticket in my life before, I was told there is only speed check on route two

[@FPrill]

Maybe you could go into a little depth regarding bank accounts. No cedula, no bank account. I can see this being difficult for a time while waiting for the cedula. Some years ago I read somewhere that it was possible to open an account in an ahorros y prestamos, without cedula. Still possible?

[@kellyname5733]

Great interview!! The way he describes Paraguay is just like Mexico without the Cartels or should I say the way Mexico used to be before the Cartels. Mexico still has a little bit of Anarchy but it is good Anarchy. Paraguay is going to be a country I will get residency.

[@HaveYourADVENTURE]

Difference is in Mexico, cartels have illegal guns and normal residence have a very hard time getting legal gun permits. I’m Paraguay you have the most liberal gun laws of all of Latin America, and residence are legally armed. It is one of the safest countries in Latin America.

[@mutiny_on_the_bounty]

Does Starlink work in Paraguay?

[@TheWanderingInvestor]

Yes

[@LorenSuJa]

Gun laws in Paraguay are very straight 4ward....the "basic gun" permit allows you to conseal/have your gun in your home and car,etc...for the formal permit you can "wear" your gun on you at all times...this type of permit needs to pass a license...paperwork that the armeria(places that sell guns) take care off ,it entails aswell a few hours course,a cpr course and safety course aswell as a show of your proficiency in the shooting range(which is done at the armeria aswell)

[@NukeCult666]

Good to know 👍

[@HaveYourADVENTURE]

Most liberal gun laws of all of Latin America! 🎉

[@247TravelYT]

Make a video on Estonia.

[@dianadeejarvis7074]

Did Paraguay require a certain shot during the pandemic? Lockdowns? Also, can a gun purchased in the US be brought to Paraguay (with other belongings)?

[@TheWanderingInvestor]

@@dianadeejarvis7074 1: No 2: Briefly but the people got angry 3. Yes, but very complicated. Better to buy locally

[@dianadeejarvis7074]

@@TheWanderingInvestor Many thanks for your answers! Very kind of you to respond.

[@greeceundiscovered9670]

@@TheWanderingInvestorthis is probably the most important part of my personal decision. I want nothing to do with that, never did.

[@pvdp2]

Paraguay is not perfect but it is one of the most admired Latin American countries aside from Colombia and Panama in terms of economics.

[@palirvin1871]

I lived and owned a small business in Colombia in mid 2010's. The banking industry is so stifling. Food is fresh and wholesome but cuisine is a joke and thus markets are very limited in products of quality. Without making a trip to Medellin impossible to find quality beef cuts and cheeses and I could make a list a arm length long of all the tings you cannot find in Colombia. Beans, sh-t, you can buy beans all day and all night long. All my bitching aside about the food, the security situation was always just on edge. Lot of LA is like that.

[@rondamon4408]

3:20 tax on net income??

[@NomadElite]

Hey man. Great video! Let's shoot some videos together if you're still in Paraguay.

[@TheWanderingInvestor]

@@NomadElite thank you. Will be around in Q1 or Q2

[@HaveYourADVENTURE]

Can’t wait to see a collaboration of you two!

[@HaveYourADVENTURE]

@@TheWanderingInvestora Paraguay power couple! 🎉

[@FPrill]

Also I have picked up on numerous reports from foreigners, that bank transfers coming into Paraguay are frozen because of the demands of explanations where the money has come from!! Comment please.

[@TheWanderingInvestor]

@@FPrill Yes. Just run with the assumption that banking in Paraguay is horrible. Bank back home, in the US, Panama, Uruguay or Mauritius. We can also help open accounts remotely.

[@LorenSuJa]

@@FPrill also...if you dont wanna explain,you can load your account with 9900 dollars per month.Thats the legal limit.Just so you know.

[@gaiaarrigoni]

How is for international schools? We have a little child and we are thinking to move from Sweden in the next few years. Paraguay is one of the countries that we are thinking to visit soon. We lived before in Kenya and Jamaica and we are from Italy. We want to find a nice, calm country with stability in political and social aspects. We wish also to find people that are warm like Mediterranean citizen are. The European countries are done for us.

[@TheWanderingInvestor]

@@gaiaarrigoni definitely visit before moving there, it’s a very different vibe. There are a few international schools, and in some areas affordable German schools.

[@gaiaarrigoni]

​@@TheWanderingInvestor yes obviously is in ours plan to visit Paraguay in one or two different periods.

[@ronnovak3959]

OK, love your video. I do have a question. I will be retiring in two years from the United States. My Social Security check would be deposited into a bank account here as a new resident of Paraguay. What banks can I rely on to transfer money into? Is there an insurance on my money in Paraguay bankslike the United States banks?

[@acasualviewer5861]

I don't know why they are so negative about banks in this video. The banks can be "picky" but that's not the same as saying non-functional. Their main concern is that you aren't doing anything illicit or money laundering. Good banks are Itau, Continental or Sudameris. There is insurance on the account. But the amounts are far lower than the US. I think it's around $25k.

[@ronnovak3959]

@ thanks for your information. I am now banking with family bank and also I set up one with Citi Bank but they would not even talk to me. Very rude inside.

[@acasualviewer5861]

@@ronnovak3959 I understood that citibank only did high level corporate banking in Paraguay. Be careful that you only work with a "Banco" and not a "Cooperativa". They don't have the same guarantees. But I guess you mean "Banco Familiar" which is legally a bank. Cooperativas are not as heavily regulated.

[@HaveYourADVENTURE]

We got a speeding ticket in Paraguay. 😢😂🎉 we are special ❤😊

[@TheWanderingInvestor]

@@HaveYourADVENTURE Lucky you 😅

[@cl2385]

Such a nice guy but I got say just looking at you both, Aleksandr looks like he could be your teenage son😉

[@julianmittelmann5639]

I've never seen a tourist in Paraguay 😊

[@mastifflover504]

Your little brother and you should do videos together more often. 😂

[@TheWanderingInvestor]

@@mastifflover504 lol

[@anthonyplayground1402]

Paraguay ... full of pros and cons

[@keepingitsimple88]

How do you rent an apartment in Paraguay if you can't use local banks ?

[@TheWanderingInvestor]

@@keepingitsimple88 Cash or wire the money from overseas

[@kippsguitar6539]

Wait until December it's a bloody oven, extremely hot and pretty dangerous, lovely people, I studied Spanish there and nearly melted for 4 months a year

[@TheWanderingInvestor]

Rather melt than freeze 😅

[@kippsguitar6539]

@@TheWanderingInvestor rather do neither, Paraguay is way too hot for most humans and very dangerous but each this own, great channel

[@acasualviewer5861]

Paraguayan banks are perfectly functional. You just need to justify your source of income (to prevent money laundering activities). Banks are PICKY, that's not the same as non-functional. Also deposits are insured by the government up to a certain level.

[@xooq_]

Play on 1.5 speed

[@HaveYourADVENTURE]

I watch everything in 2x speed 😂

[@minglim5485]

They leave you alone in Paraguay?? I'm there!

[@TheWanderingInvestor]

@@minglim5485 come

[@jgonz260]

@@TheWanderingInvestor Yes, freedom is priceless,

[@W1LLi4m_]

Legalized self-defence and low taxes are massive pros. But you guys lost me at mosquitoes!

[@user-es9vu6cx6x]

Hay repelentes muy buenos!!!😊

[@acasualviewer5861]

Don't expect "self-defense" to work like the US though. If you kill or shoot somebody. Expect to go to jail while things clear up. They don't take shootings lightly in Paraguay.

[@karissaiglesia]

KZbinrs destroyed Colombia and now every garbageman and deadbeat with a 200 dollar Spirit ticket is here. Now its Paraguays turn!

[@kwakuali2893]

I agree, but dont don't shit on garbage men.

[@Pocri485]

I like the rugged individualism and liberty in Paraguay. The heat and mosquitos (Dengue fever) are two downsides. Real estate can be fraught with pitfalls. Crime happens and there are "Motochorros" so never show wealth, not as bad as Medellin but yeah it happens here.

[@RkR2001]

6 -12 months for a USD acct is too much.

[@whatelse1222]

Don’t worry Blackrock will come knocking on your doors pretty soon.

[@sunoveristambul]

twiner

[@andreadan-ty7cv]

you forgot about rampant corruption and the fact asuncion is built mostly with narco money....not exactly something you should have skipped

[@TheWanderingInvestor]

Narco money is bullish for the economy

[@andreadan-ty7cv]

@@TheWanderingInvestor yes but that's not something should happen.....when politicians are on payroll of narcos, i wouldnt call that a normal country....bolivia and paraguay are 100% narco countries, their main cities developed with narco money, not even talking how they kill whoever try stop that, or those same criminals destroy natural resources etc...

[@ameperdue6953]

Why would anyone want to live somewhere and NOT pay taxes ? Who pays for roads, hospitals, schools ? Stop being so selfish !

[@HaveYourADVENTURE]

You pay taxes with everything you earn inside of Paraguay and with every product and service you consume. Probably the fairest tax system worldwide.

[@greeceundiscovered9670]

The government is never your friend

[@hernanfelipetti8315]

You pay for your doctor, school & etc. Why do you want someone to pay or do it for you? Learn & manage your money..

[@ceaseoccupation]

Do you advocate for the Ayoreos? An uncontacted tribe that is being harassed by paraguayan loggers and businesses like extractivism? They are risking a total wipe out of the ayoreos no one is speaking up for them… whe u do gentrification bideos.. thats what happenes the natived get ignored and more opressed

[@ceaseoccupation]

Theres also big clashes with the mennonites who are advancing into the amazong deforesting it for farming…. Are u awarenof any of this?

[@acasualviewer5861]

@@ceaseoccupation There is no Amazon in Paraguay.. but there are a lot of groups cutting forests. But that's a problem all over Latin America. It's inherent with farming based countries. As for the Ayoreos, yes, there's a problem with how the rights of indigenous people are protected in practice. In theory the constitution gives them a lot of protection. And Paraguay is the only country in Latin America where an indigenous language is taught to everybody by law (Guaraní) and the language is still used by vast amounts of the population as a bilingual country. But between theory and practice problems remain.

[@hart-coded]

typical amx focused on guns when theres so many more important items to focus on.

[@greeceundiscovered9670]

Self defence is extremely important yes