Paraguay 🇵🇾 is THE best Plan B residency in BIG 2026
What other country ticks all of these boxes?
- You can get residency in a single trip for under $3000
- There is MINIMAL presence required to keep it. Just visit one day per year and you're good to go. Even less when you switch to permanent
- You can become a tax resident without spending any time at all in the country (although I'd recommend staying here for a bit just to be protected from your country of origin)
- Booming country, with lots of opportunities for growth and investment
- Friendly, welcoming people
- Catholic, conservative country, which protects them from Woke culture
Yes, it is not perfect. Yes, it has its problems
But as a Plan B?
I haven't found anything better
If you want to get your Paraguay residency...
DM me and we'll come up with a step by step plan for you
I'm getting a lot of questions about banking as a digital nomad, particularly with Paraguay residency
I did a video a while back on this exact topic, going in depth over:
• Exactly where I keep my money as a Paraguay resident (and the one type of account I’d never leave more than spending money in)
• How I split my accounts so that one frozen card or blocked login never leaves me stranded abroad
• What Paraguay residency actually changes about your banking, and what it doesn’t (most people get this backwards)
• The “boring” account setup I’ve used for years across 60+ countries, and why I stopped chasing the newest fintech app
• Which accounts I use for income, which for spending, and which for savings (and why I never mix the three)
• The question banks ask that trips up most nomads, and how to answer it without lying or getting your application rejected
• Why opening a local Paraguayan account is easier than you’ve been told, and when it’s worth bothering
• The mistake that gets nomads’ accounts closed without warning (it has nothing to do with how much money you move)
• What I’d set up first if I were starting from zero today with a fresh residency card
It was one of my first videos, so the cover is pretty bad; but the info is still very solid
youtu.be/R33FBzc-lZ8
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Btw, we also did a part two of this topic inside my Five Flags Community
That one's only available for members. If you wanna learn how to optimize your lifestyle as a person with remote income...
fiveflagscollective.com/
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Moving to Spain 🇪🇸 = worst financial decision in his life
Another person one shotted by Hacienda!
The most predatory tax system in the world
Alex @ HispanicNomad | Freedom Based Lifestyle retweeted
Remember a few weeks ago when there was a famous robbery at gun point in Asuncion?
They've gotten the guy. Again, VERY surprised about the police being effective here. If this was Spain, he would be free to do it again and again
Btw he's Venezuelan. Make of that what you will
Remember a few weeks ago when there was a famous robbery at gun point in Asuncion?
They've gotten the guy. Again, VERY surprised about the police being effective here. If this was Spain, he would be free to do it again and again
Btw he's Venezuelan. Make of that what you will
If this was useful, I wrote a free book that goes much deeper
From Zero to Remote Money: how to make $$$ online when you have no skills, no audience and no budget
45 pages, 29 chapters and a 90-day plan that tells you what to do each week
Free here: hispanicnomad.com/from-zero-…
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The Caribbean 🇨🇴 🇵🇷 🇩🇴 🇨🇺 🇻🇪 and the Southern Cone 🇦🇷 🇨🇱 🇺🇾 🇵🇾 might as well be two completely different civilizations
They have polar opposite values and ways of living
I know which one I choose
Bukele is the rightful heir of the Spanish 🇪🇸 Empire
He has the blood AND spirit of Conquistadors like Cortés and Pizarro
I hope he succeeds and El Salvador can serve as an example of what’s possible with a great leader
🤖 Made with AI
If this was useful, I wrote a free book that goes much deeper
From Zero to Remote Money: how to make $$$ online when you have no skills, no audience and no budget
45 pages, 29 chapters and a 90-day plan that tells you what to do each week
Free here: hispanicnomad.com/from-zero-…
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This is my yearly setup with Paraguay 🇵🇾 tax residency:
About 6 months in Paraguay 🇵🇾 (because I like it and my life and business are here)
3 months in Spain 🇪🇸 (to see family and friends, and enjoy my beautiful country)
3 months traveling. Last year, mostly Argentina 🇦🇷 and Brazil 🇧🇷. Next year, South Korea 🇰🇷 and Japan 🇯🇵
That’s the cool thing: with remote income + flexible tax residency, you’re as free as you can be
If this was useful, I wrote a free book that goes much deeper
From Zero to Remote Money: how to make $$$ online when you have no skills, no audience and no budget
45 pages, 29 chapters and a 90-day plan that tells you what to do each week
Free here: hispanicnomad.com/from-zero-…
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Alex @ HispanicNomad | Freedom Based Lifestyle retweeted
🇵🇾 Came across this video on Instagram from a Canadian Woman expat living in Paraguay.
An independent, firsthand perspective on the Ueno collapse and Paraguayan society over the past week.
Interesting how closely his observations reflect what I’ve been seeing and sharing myself.
Always good to hear other perspectives. ❤️🇵🇾
Instagram: instagram.com/sweet_n_sovere…
I've spent years telling you to work online
And now I think the laptop could be the most dangerous place to make a living for the next 5 years
Here's what I did about it this year 🧵
Now, if you're starting from zero, or making a few thousand a month, here's what I'd do:
- Get to steady online income as fast as you can
- Start building something people trust you for, from day one
- Put your first extra cash into one scarce asset, somewhere you already live
None of it works without a cheap base. That's what creates the extra cash in the first place
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Tomorrow I'm going through all of this live, with my real numbers and my real mistakes, inside Five Flags Collective
I stopped posting most of this stuff publicly, so it lives in there now
$29/month, cancel anytime, and you get Chat to Close (my chat selling framework) free when you join 👇
fiveflagscollective.com
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