Summary
Highlights
The couple explains their decision to move to Paraguay five months prior. The primary motivators were Spain's high tax burden, criticisms of declining public services like healthcare, and concerns about the government's interference in education. They also expressed disagreement with European immigration policies and the impending digital euro, leading them to seek a life outside Europe. Paraguay emerged as their top choice due to several factors.
Paraguay offered a significantly more relaxed tax system compared to Spain, with a 10% VAT and 10% income tax. Unlike Spain, self-employed individuals in Paraguay are not required to pay monthly fixed quotas regardless of income. Another major advantage was the Spanish language, eliminating the need to learn a new language, which would have been a factor in other potential destinations like Cyprus. The proximity to Argentina was also a plus for one of them.
The couple highlights significant cultural differences. Public healthcare in Paraguay is described as precarious, emphasizing the necessity of private health insurance. Traffic and driving habits are chaotic compared to Europe, though the couple adapted by using ride-sharing services. Daily life is simpler, with fewer shopping options like Amazon, but they appreciate the opportunity for more personal time. The hot climate, while extreme at times, is manageable due to widespread air conditioning and affordable electricity.
Paraguay is ideal for remote workers, retirees, or anyone with external income, as local salaries are much lower. A one-bedroom apartment in a desirable area can cost as much as the average local salary. It's also suited for those willing to utilize private services (healthcare, schools) and who value a simpler lifestyle. The country offers greater personal and economic freedom, with fewer regulations and less government intervention compared to Europe.
They note a striking difference in general attitudes. Paraguayans generally express positivity and enthusiasm for their work, viewing traffic and economic activity as signs of progress. This contrasts sharply with the often-negative outlook they experienced in Spain regarding work and daily life. They also observe a strong work ethic, with young people entering the workforce early and actively seeking opportunities, unlike the state-dependent attitudes sometimes seen in Europe.
Paraguay offers a straightforward process for obtaining residency, requiring basic documents, and can be achieved in about six months for temporary residency. The residency doesn't require continuous physical presence, allowing individuals to live elsewhere while maintaining their status and paying taxes in Paraguay. The country also presents attractive real estate investment opportunities, with new constructions and developer financing options, making property acquisition accessible. The absence of property squatters (ocupas) provides a sense of security for investors.
The couple is actively involved in recommending reliable real estate developments, recognizing the challenges of investing from abroad. They emphasize that successful migration and investment in Paraguay require careful planning, good advice, and proper accompaniment from legal and real estate professionals. They offer their assistance and contact information for those seeking guidance in their migration journey, highlighting that while challenging, it is a rewarding process.