Paraguay

Paraguay is a landlocked South American nation known for offering one of the world's most straightforward residency pathways and a pure territorial tax system — foreign-sourced income is entirely exempt from Paraguayan tax. Permanent residency can be approved in as little as 30–60 days with minimal bureaucracy: applicants must show proof of income (roughly USD 1,300/month) or a modest bank deposit, submit a clean criminal record and basic notarised documents, and appear in person for fingerprinting. Naturalisation follows after three years of residency. The low cost of living, no minimum physical-presence requirement to maintain permanent residency, and a favourable corporate tax rate of 10% make Paraguay a compelling base for digital nomads, retirees, and entrepreneurs seeking a simple, low-tax foothold in South America.