Living, Investing, Banking, And Residency In Paraguay

Chaco Boreal Paraguay
Chaco Boreal ParaguayParaguay Will Be Rich Again

April 23, 2015
Asunción, Paraguay

Dear Offshore Living Letter Reader,

You can’t fly directly to the capital of Paraguay, Asunción—neither from the United States nor from Europe. Limited direct access to this city has been an option in the past, but today the demand’s just not there. That means anyone coming from North America or Europe has to really want to get to Paraguay. You’re looking at a minimum of one but likely two connections.

What would compel someone to make the trip? Certainly not tourism. You can count the number of tour companies in Asunción on one hand.

The big tourist attraction is Iguazu Falls, which, ironically, aren’t actually in Paraguay. They’re in Brazil, and Americans need a visa to cross the border. Paraguay’s Oriente region hides some charming colonial towns, lakes, and other places of interest, but nothing is easy to get to.

The best reason, I’d say, for a tourist to make the trip to Paraguay is so he can drop reference to the fact during cocktail party conversations for the rest of his life. “That reminds me of the time I went down to Paraguay…” A tourist could get a lot of mileage out of a line like that.

The attractions of Paraguay are not touristic. The main attraction historically has been more subtle—the country’s remoteness. This is a place to come to disappear.

Panama used to be a place Americans and others disappeared to. Before the economic upswing that started around Continue…

The Travel And Visa Benefits Of A Second Passport

investing in paraguay
investing in paraguayArriving In Paraguay Reminds Me I’m Glad To Be Irish

April 20, 2015
Asunción, Paraguay

Dear Offshore Living Letter Reader,

Americans can enter Paraguay via the Silvio Pettirossi International Airport in Asunción without having a visa in advance. Enter the country by road or boat, and you have to obtain your visa before you travel.

It’s not a big deal getting the visa at the airport, but it slows you down and costs US$160. It’s a reciprocity fee that Paraguay charges not only Americans, but also Australians, Canadians, New Zealanders, and Taiwanese.

American friends traveling with me were the last to clear immigration despite being the first off the plane. Again, not a big deal, but when your plane arrives at 11 p.m., you want to get to your hotel as quickly as you can.

With our Irish passports, Kathleen and I were through immigration quickly and ready get in a taxi. She insisted, though, that we wait for our American friends.

Having a second passport has, over the years, saved me both time and money traveling. It has been particularly useful when traveling in Argentina, Chile, Brazil, and now Paraguay. Chile eliminated its reciprocity fee for Americans when the United States made Chile a Visa Waiver Program country in 2014. Argentina still requires Americans to pay a fee to travel to that country, and that fee has to be paid online before traveling. Brazil requires Americans to obtain a visa before traveling to Continue…