Paraguay still offers one of the fastest paths to permanent residency and citizenship in the Americas, plus territorial taxation (no tax on foreign income) - but the famous $5K deposit shortcut was eliminated in late 2022.
Single-adult planning estimates in USD: lean $1000, comfortable $1600, premium $2700. Costs vary by city and circumstances. Obtain current rental and insurance quotes.
Note: the old $5,000 bank-deposit residency was repealed by Law 6984/2022. Current paths are SUACE (investor/business, ~$70K capital) or standard temporary-then-permanent residency (~$1,500/mo income or savings). Path to citizenship in 3 years.
Adequate private hospitals in Asunción. Most expats fly to Argentina or Brazil for major care.
No VA hospitals. Foreign Medical Program reimburses service-connected care. Hospital Bautista and Sanatorio Migone in Asunción are the best private options; major specialist cases typically go to Buenos Aires or São Paulo.
Asunción and Encarnación safe. Standard urban awareness elsewhere. Hot subtropical climate, lower cost than neighbors, Spanish and Guarani spoken.
Veterans wanting permanent residency and a path to citizenship at the lowest possible threshold.