March 27, 2024


 min read

Retire in Paraguay: Everything You Need to Know








Retire in Paraguay: Everything You Need to Know


So you are looking for a retirement destination...  Retiring in Paraguay can be a great option for those seeking a unique blend of natural charm, cultural diversity, and affordability in South America. The cost of living in Paraguay is notably reasonable, enabling retirees to maintain a comfortable lifestyle without straining their budget too much.

Key expenses like healthcare, groceries, and transportation are generally budget-friendly compared to other western nations. 

The retirement landscape in Paraguay is shaped by several socio-economic factors. The country has been actively working on its pension system, implementing reforms to enhance sustainability and expand coverage. According to World Bank data from 2023, around 35% of the population aged 60 and above in Paraguay had access to pension benefits. This statistic indicates that a significant portion of the elderly population can enjoy financial support through the pension system.

As you plan for your retirement, exploring the diverse offerings and assessing the socio-economic landscape will provide valuable insights into the potential benefits of retiring in Paraguay.

Cost of Living in Paraguay

The cost of living can vary greatly depending on the region within a country, lifestyle choices, and personal preferences. Here is a general overview of the cost of living in Paraguay across different categories:


  • Rent prices in Paraguay can vary significantly depending on the location, size, and quality of the accommodation.
  • A monthly rent for a one-bedroom apartment in the city center of the capital, Asunción, could range from $300 to $500, whereas it could be between $200 and $400 outside the city center.

Grocery and Shopping

  • Grocery prices in Paraguay are generally lower compared to many Western countries.
  • A typical monthly grocery bill for a single person might range from $100 to $200, depending on dietary habits, shopping preferences, and whether you opt for imported or local products.
  • Local markets and street vendors often offer fresh produce at lower prices compared to supermarkets.

Healthcare and Insurance

  • Healthcare costs in Paraguay can be relatively affordable compared to some other countries.
  • Public healthcare is available, but quality and availability may vary.
  • Private healthcare facilities offer better service and shorter wait times but can be more expensive. 
  • The cost of health insurance will depend on factors such as age, coverage level, and pre-existing conditions. It starts at $300 per year. 


  • Transportation costs in Paraguay can vary depending on whether you use public transportation or own a vehicle.
  • Public transportation, such as buses, is relatively inexpensive, with fares typically ranging from $0.50 to $1 per trip within cities.
  • Owning a car comes with additional expenses such as fuel, maintenance, and insurance. Gasoline prices (1 liter for $1,10)  in Paraguay are moderate compared to many other countries.
  • Taxis and ride-sharing services like Uber are available in urban areas and can be affordable for shorter trips. One kilometer will cost you approximately $2.

Mobile and Internet

  • Mobile phone plans and internet packages are reasonably priced in Paraguay.
  • A basic mobile phone plan with calling, texting, and data might cost around $10 to $20 per month.
  • Internet services are widely available, with prices for a basic broadband connection ranging from $20 to $50 per month depending on speed and provider.

Top 5 Places to Retire in Paraguay

Paraguay offers a variety of attractive locations for retirement, each with its own unique charm and features. Keep in mind that individual preferences may vary, so it is essential to visit these places and explore them personally before making a decision. There are five potential places to consider for retirement in Paraguay:


As the capital and largest city of Paraguay, Asunción provides a mix of modern amenities, cultural attractions, and a relatively low cost of living. The city has parks, museums, and a vibrant cultural scene, making it an appealing option for retirees who enjoy urban living.

Table Asunción
Population 3,569,000
Cost of living four estimated monthly costs are $1,695.1 (Gs 12,360,277.0*) without rent.
Public Transport Asunción has a well-developed metro system, buses, and taxis that make getting around the city relatively convenient. One-way ticket costs $0.49 (Gs 3,600.00).
Price per square meter to buy apartment in city center $1,152.50 (Gs 8,400,000.00).
Monthly lease for a 3-bedroom apartment in the city center $785.10 (Gs 5,722,222.22).


Located on the Paraná River, Encarnación is known for its pleasant climate, scenic waterfront, and laid-back atmosphere. The city has a growing expatriate community, and its proximity to the Jesuit ruins of Trinidad and Jesus makes it an interesting destination for history and nature enthusiasts.

Table with Enhanced Styling and Links
Population 99,213
Cost of living A family of four estimated monthly costs are $912 without rent.
Public Transport Encarnación has a public bus system, but it is not as extensive as in larger cities. Taxis and private transportation are also common. One-way ticket costs $0.5.
Price per square meter to buy apartment in city center $1,135
Monthly lease for a 3-bedroom apartment in the city center $519

Ciudad del Este

Positioned near the borders of Argentina and Brazil, Ciudad del Este is a commercial hub with a diverse population. The city is known for its bustling markets, shopping opportunities, and accessibility to the Itaipu Dam. Retirees who enjoy a dynamic environment with various cultural influences might find Ciudad del Este appealing.

Table with Enhanced Styling - Ciudad del Este
Population 340,000
Cost of living A family of four estimated monthly costs are $1,023 without rent.
Public Transport Ciudad del Este has an extensive public transportation system, including buses and a rapid transit system. Taxis and ride-sharing services are also readily available. One-way ticket costs $0.55.
Price per square meter to buy apartment in city center $1,142
Monthly lease for a 3-bedroom apartment in the city center $650


Nestled on the shores of Lake Ypacaraí, Areguá is a tranquil town known for its pottery and artisanal crafts. The scenic surroundings and peaceful ambiance make it an attractive option for retirees seeking a slower pace of life. Areguá is not far from Asunción, providing easy access to urban amenities.

Enhanced Table Styling - Areguá
Population 27,011
Cost of living A family of four estimated monthly costs are $975 without rent.
Public Transport Areguá has a bus system and a new bus rapid transit system. Taxis and ride-sharing services are also available. One-way ticket costs $0.50.
Price per square meter to buy apartment in city center $1,045
Monthly lease for a 3-bedroom apartment in the city center $840

Villa Hayes

For those who prefer a more rural and tranquil setting, Villa Hayes, located in the Gran Chaco region, could be a suitable option. This area offers a slower pace of life, proximity to nature, and a chance to experience Paraguay's rural culture. Keep in mind that amenities may be more limited in comparison to larger cities.

Enhanced Table Styling - Villa Hayes
Population 57,000
Cost of living A family of four estimated monthly costs are $860 without rent.
Public Transport Villa Hayes has a smaller-scale public transportation system, primarily consisting of buses and taxis. It's a smaller city, so getting around by foot or bicycle is also feasible. One-way ticket costs $0.49.
Price per square meter to buy apartment in city center $1,300
Monthly lease for a 3-bedroom apartment in the city center $709

Retirement Visa and Permanent Residency in Paraguay

Generally, Paraguay offers a range of residency options tailored to various needs and circumstances. Residency in Paraguay falls into two main categories: temporary and permanent, each with its own subcategories.

Temporary residency is suitable for those intending to stay in Paraguay for an extended period for reasons such as work, study, or living arrangements. The retirement temporary residency program in Paraguay is particularly attractive for those with a pension  income. Applicants must show a monthly income equivalent to 100 minimum wages (approximately USD 1,300). 

Initially, the retirement visa is granted for up to 1 year, it can be renewed for similar durations, with a maximum total duration of 6 years. There is no residence requirement, but residents must visit Paraguay at least once a year to maintain their status and apply for permanent residency. 

Permanent residency is for those seeking to settle permanently in Paraguay and contribute to its development. It lasts for life but requires renewal of the ID card every 10 years. Permanent residency can be acquired through retirement, residing in Paraguay with a temporary permit for 2 years. 

After holding permanent residency for 3 years, individuals can apply for Paraguayan citizenship, subject to additional criteria such as language proficiency and a demonstrated commitment to the country.

Application Process for Paraguay Retirement Visa

The process for obtaining a Paraguay Retirement Visa involves several key steps:

Step. 1 Satisfy Retirement Visa Requirements

Begin by thoroughly understanding and satisfying the specific requirements for a retirement visa, considering factors such as age, income, and other relevant conditions. Ensure that your retirement plan aligns with Paraguay's visa criteria, and consult the official immigration guidelines to guarantee compliance with all necessary prerequisites.

Step 2. Document Preparation

Once you have confirmed your eligibility for the retirement visa, collect the necessary supporting documents. These typically include a valid passport, proof of retirement income, a clean criminal record, and health insurance. Additionally, make sure you gather any other specific documents specified by immigration authorities for the retirement visa application.

Step 3. Apply for the Entry Visa

Here, you will proceed to apply for the entry permit corresponding to the retirement visa category. If your home country does not require a visa to enter Paraguay, you can move on to the next step.

Step 4. Travel to Paraguay

You have to travel to Paraguay and stay for 6 business days to submit your documents. This period involves fingerprinting, photo-taking, and completing forms for the residence application. Navigating through various offices, including the Police, Interpol, IT Department, and Directorate General of Migration, is part of this process.

Step 5. Get Temporary Residence

You should return after 10-14 days to collect your temporary residence card with a photo from the Paraguayan Police Identification Department. Alternatively, a lawyer can pick up your residence card on your behalf under a power of attorney. Note that this residency status is initially temporary, but after 2 years, you can apply for permanent residency.

Step 6. Next Steps

After 3 years, you may become eligible to apply for Paraguayan citizenship. You need to be familiar with the requirements and processes for maintaining residency, transitioning to permanent residency, or obtaining citizenship. Stay informed about any updates or changes to the immigration regulations during your stay in Paraguay.

Retiring in Paraguay for US Citizens

U.S. citizens can retire in Paraguay, and there are specific steps they need to follow to obtain a retirement visa. When applying for a retirement visa in Paraguay, one main requirement is providing proof of a pension or retirement income. U.S. citizens can fulfill this requirement by obtaining a letter from the Social Security Administration (SSA) confirming their pension details. The SSA Benefit Verification letter can be obtained by visiting the Social Security Administration's website, creating an account, and navigating to the Benefits & Payment Details section. There, you can request a "Benefit Verification Letter" which will serve as proof of their pension income.

Once the SSA Benefit Verification letter is obtained, it must be apostilled for use in Paraguay. The apostille process can be completed at the U.S. Department of State. It is important to ensure that the letter includes a legible signature, a printed name and title, and an agency seal on official letterhead to meet the apostille requirements. It is worth noting that Paraguay does not tax foreign-earned income, including pensions from the United States. However, U.S. citizens retiring in Paraguay should be aware of their tax obligations in the United States and fulfill them accordingly. This dual consideration of pension proof and tax implications will contribute to a smooth transition for U.S. citizens seeking to retire in Paraguay.

What are the other popular places to retire in Latin and South America?

For those considering retirement in Latin and South America, Argentina, Chile, and Colombia emerge as attractive destinations, each offering unique experiences and lifestyle options. 


To qualify for the Retirement/Rentista Visa in Chile, applicants must present a sustainable income source, which may include pensions, rental income, or financial investments. While there's no strict income requirement, it's advisable to demonstrate a monthly income between USD 1,000 and USD 1,500. The regularity of income, asset sufficiency, and a clean criminal record are crucial aspects of the application process.


Retiring in Colombia requires obtaining a visa, commonly the M-11 Visa, contingent on a fixed monthly income from pensions or other regular sources. Health insurance is mandatory for all residents. Proof of a monthly income of at least USD 774 is necessary for a successful Retirement Visa application.


Argentina extends a retirement visa, necessitating proof of income, a background check, and evidence of having a balance of USD 24,000 in a bank account. While there is not a strict age limit, applicants are generally advised to be at least 18 years old. Demonstrating a regular source of monthly income of at least USD 2,000 is crucial for covering living expenses during the stay. 

Golden Harbors team can play a crucial role in facilitating the process of obtaining a Retirement Visa in Paraguay. Our team is well-versed in the local immigration regulations and requirements, helping retirees navigate the complex application process with ease. We can provide comprehensive assistance, guiding individuals through the necessary documentation, ensuring that all forms are accurately completed, and helping to meet specific criteria set by Paraguay for retirement visa eligibility.

We can also assist with other relocation-related aspects, such as finding suitable accommodation, opening local bank accounts, getting a driving license, etc. Please contact us today, and we will help you start a new chapter in Paraguay.


Residence Benefits

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Fast application processing

2 - 5 months


Global mobility and freedom

Paraguay has one of the lowest price thresholds in the world for permanent residency programs by investment


Passive income residency

residency visa and permit that is granted to individuals who can prove they have a steady income from passive sources.


Global mobility and freedom

international business expansion and entry into the South American market, especially the MERCOSUR region


Full rights of a resident

a residence permit is issued with the rights to work, do business and study in Paraguay


Global mobility and freedom

there are no residence restrictions. Living in Paraguay offers a unique and enriching experience, combining vibrant culture, diverse landscapes, and a welcoming atmosphere


Cryptocurrency opportunities

Paraguay is the most appealing country in the world for cryptocurrency companies on the grounds that it produces 100% of its energy from hydropower plants


Global mobility and freedom

residents can apply for Paraguayan citizenship after 3 years of permanent residency


Dual citizenship is permitted

there is no need to renounce your previous citizenship when obtaining a Paraguay passport


Global mobility and freedom

family members (spouse, financially dependent parents, and children) can apply for a residence permit together with the main applicant


Residence Permit

Processing Time and Terms

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Sign a proposal letter with Golden Harbors, pay the initial service and due diligence fees, and fill out application forms


Prepare the necessary documentation for your chosen residency category. After receiving the documents, our team certifies copies and government forms and translates them


You travel to Paraguay, and we assist you in applying for a residence card. Together, we submit all the necessary documents


Government due diligence check, application review, and approval


Pay the required government fees, register your biometrics, and get a residence permit in Paraguay. You need to collect the residence card within 6 months after approval

There are Always Options to EXPAND YOUR BOUNDARIES! Let's Discuss Yours

Every client is unique

Every case requires an individual approach and solution. Our years of experience in the industry allow us to provide both.

We will answer all your questions and provide detailed information about the available second passport and residency programs to help you make the right choice.


Lead Attorney at Golden Harbors

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Lead Attorney at Golden Harbors