Buying property in Paraguay as a foreigner — Requirements and steps
Yes: a foreigner can buy property in Paraguay in their own name, without residency and without setting up a company. It is one of the reasons investors from Spain, Brazil and Argentina look at Asunción.
Requirements
- Valid passport (or Mercosur ID).
- Provable funds for the transaction (a standard international transfer).
- Nothing else: no residency, special visa or local partner required. The only restriction is on rural properties in border zones — it does not apply to urban apartments and houses.
The process, step by step
- Choosing the unit — we prepare a proposal with prices, a payment plan and a comparison.
- Reservation — a small amount locks the price and the unit.
- Contract — a purchase agreement or commitment with the developer; it can be signed by power of attorney or remotely with certification.
- Payments — down payment + installments; transfers from abroad are ordinary banking operations.
- Deed — once payment is complete, the public deed in your name before a notary, registered at the Public Registry.
Can it all be done remotely?
Yes. Many clients bought without travelling: a project tour by video call (with live translation if needed), signing by power of attorney and follow-up over WhatsApp.
Taxes: the Paraguayan scheme
Paraguay has a simple, low tax scheme (the "triple 10": VAT, corporate income and personal income all around 10%). The annual property tax is low and there is no wealth tax.