nunosempere 3mo

Oh wow this Telegram channel is a bit silent compared to the number of people that are coming to Paraguay

nunosempere 3mo

I switched my Wise to Paraguay and got it shut down; I was expecting this and was fine because removing financial ties to Spain was more important to me than the Wise account

nunosempere 3mo

Glad to see Nathan still posting these; they are great

nunosempere 3mo

So I looked into these prices because I'm toying with starting a competitor sort of for the love of the game (https://paraguayprocesses.com.py/)

- $3100 is definitely overpriced
- Other companies have settled on $2-3k, and are printing money.
- Delegating stuff, to locals at $3-$10/hour is definitely worth it
- I'll send a screenshot with minimum viable prices; I think they are around ~$950 for the temp residency
- The thing that kills you is discoverability; you have to have one or multiple guys posting on social media to attract clients and make the process legible to them. Basically I could boot up a competitor if I wanted to become an online influencer focused on this, but I just really don't want to.
- One also feels that one needs an office and a website in order to feel legit, making starting up a competitor inaccessible to locals.

nunosempere 3mo

Had the same thought but allocated maybe about ~30-50% to Paraguay rather than a small amount. I don't think CDAs are worth it vs real state since you get similar returns but don't get appreciation

nunosempere 3mo

Here are the government fees: https://migraciones.gov.py/aranceles-migratorios/ this + notarization costs + cost of locals' time sets up a bottom on prices

nunosempere 3mo

People make a big deal out of this but if you have 25K Gs. in fees and you do three transactions that's $11 in fees for 7.5M Gs. ~ 1.15K USD, which just doesn't seem like the end of the world.

replay 3mo

I'd be scared to invest in real estate. The market looks like a huge bubble to me, considering how much money is getting pumped into it lately while lots of apartments look empty

replay 3mo

My bank (continental) keeps trying to sell me apartments, but I always tell them I only want CDAs

replay 3mo

How can you be sure that these apartments will appreciate if there is so much supply that many of them are empty?

nunosempere 3mo

Yeah, I agree there is some probability of there being a bubble, and I've been trying to explain that to brokers as well since the 2008 Spanish real state bubble made an impression to me. So my answer is that I accept that risk and seek to mitigate it by buying at distressed prices, modeling the risk explicitly, and staying away from shoddily built towers created to sell to foreigners

replay 3mo

I'm curious, how do you know which are shoddily built? I know someone who owns an apartment, then it was discovered that during the construction they saved money on the cement mixture and now the building needs constant fixing, and even with fixing it doesn't seem very trustworthy because you can't replace the cement... Is there some way to check for something like that before buying an apartment?

antonandreev 3mo

Hi everyone! I'm coming to Asnución for 2-3 weeks. What's the best area to stay in, in your opinion?
Are there any events planned for the near future?

franciscoalface 3mo

Near the Paseo Galeria shopping mall

gigabee 3mo

Las lomas, carmelitas, recoleta, villa morra.

There are digi nomad meet ups every Thursday and usually a few different events each week

nunosempere 3mo

Date of the building and how long it took, talking with neighbors. Easier if you live in a neighborhood before buying something there

replay 3mo

Thanks. Do you have an opinion on the distrito perseverancia, specifically regarding building quality?

The reason why I ask is because I've been thinking about getting an apartment to live in there. So this wouldn't really be an investment, I'm mainly looking for a nice place to live in in this case.

nathansudds 3mo

I think it will be a good area but it was a little disappointing to see how quickly the rain washed out some of the new development in that recent rain but that's probably something also impacted by so much development going on right now so the water issues probably will be worse until they are finished.

There's a whole reinvestment plan for that Artigas Street to improve it which I believe includes new drainage systems.

replay 3mo

Interesting, I haven't seen yet what the recent rain did there, have you gone to check it out after the rain?

replay 3mo

You know what's annoying in perseverancia? It's almost directly beside an area where there are many frigoríficos (slaughter houses). Depending on the direction of the wind there's quite a strong smell that you can notice in the entire distrito perseverancia. I love their large balconies, but I wouldn't want a balcony with that smell 😆

replay 3mo

Yesterday I've been talking to someone who had a meeting with the developers of distrito perseverancia. She said that they're aware of the problem and are trying to make the slaughter houses move.

nathansudds 3mo

Interesting, that whole Street has a revitalization plan on Artigas so I'm guessing it will have to change one way or the other eventually

nathansudds 3mo

https://depaauwarchitecture.com/portfolio/artigas-avenue-envinronmental-requalification/

nathansudds 3mo

https://www.abc.com.py/nacionales/2025/12/18/video-proponen-el-plan-corredor-verde-artigas-y-donan-proyecto-al-mopc/

replay 3mo

Thanks, this is an interesting article. I hope they actually end up doing it

renatoautore 2mo

Hi guys. I need a private health insurance for Paraguay. I already have safety wings , however I selected Paraguay as home country so I am not covered in Paraguay. Any suggestions on a good health insurance in Paraguay?

leonox 2mo

SafetyWings does not cover home countries, it's a general rule since it's effectively a travel health insurance

renatoautore 2mo

Hi Leo. Thanks for you answer. Yes that is correct. That’s why I was looking for a domestic health insurance for Paraguay specifically

nathansudds 2mo

https://www.Asismed.com.py

nathansudds 2mo

This one or another one called Bautista is popular basically connected to the two hospital networks

nathansudds 2mo

https://ebsa.com.py

nathansudds 2mo

Hope this helps

nathansudds 2mo

But this is a 12 month contract usually

renatoautore 2mo

Thank you

kaskuk 2mo

I would recommend to participate the local foreign community events. Just boarding on plane to go there.

replay 2mo

Personally, I have made some pretty negative experiences with the health care services in Paraguay. I'd recommend getting an insurance which at least also covers you in Brazil or Argentina, because if you have a serious issue you might want to go there to get it treated.

replay 2mo

I have no experience with the hospital Bautista though, only La Costa, Migone and San Roque

arti 1mo

Which agency/professional have you used for your tax residency (and was happy with) in Paraguay? I’d need:
• Temp. residency
• Cedula
• RUC
• Consultations on getting Proof of Domicile

yanicklandry 1mo

their website has SSL problems but they offer really good service : https://asunciontimes.com/paraguay-news/business-news/paraguay-residencia-get-legal-residency-in-paraguay-with-expert-help/

dionstravels 1mo

https://datos.csj.gov.py/data/abogados

dionstravels 1mo

Make sure you verify they are registered in the court system in the link above

replay 1mo

Hi 👋
Does someone have a recommendation for a good accountant in Asuncion?
I'm looking for someone who's familiar with the taxation of foreign capital gains and foreign income, I'd like to declare it in Paraguay.
I've talked to a few accountants in my neighborhood, but they seem to only be familiar with the stuff that's relevant for an average Paraguayan person, so in my situation they're uncertain about the details.

leonox 1mo

"Zero Tax on Foreign Income: If you are a tax resident in Paraguay, you will not pay personal income tax (IRP) on money earned outside the country." I felt you won't be able to find it if it doesn't exist!

replay 1mo

I have two goals, both of which require me to declare some income/gains in Paraguay and pay some IRP:

1) I'm working on getting the Paraguayan citizenship, one of the requirements is to have an income and pay taxes on it. My lawyer recommends that out of my foreign income I "localize" a small part and only pay taxes on that, just enough to satisfy the requirement.
2) I'm reallocating a part (~5%) of my investment portfolio into Paraguayan CDAs to balance the fluctiations in the USD/PYG rate. In order to satisfy the Paraguayan banks, that money which I'm moving into Paraguay should be declared in some way, even if it's only declared as tax-exempt due to being the result of foreign capital gains.

leonox 1mo

I felt you should just use an AI to you help you, most local accountant probably never handled it, but it shouldn't be too difficult.

replay 30d

I had various conversations with AIs on the topic, based on that I think I know what I need to do, but to not make mistakes I want to verify it with a professional.