Paraguay vs Norway
Tax Residency Comparison
Paraguay taxes foreign income at 0% through its territorial system, while Norway taxes residents at up to 47%. Norwegians switching to Paraguay residency save $60,000 - $260,000+ per year on average, with a fast 90-day process and only a $5,000 bank deposit required.
Side-by-Side Tax Comparison
| Category | 🇵🇾 Paraguay | 🇳🇴 Norway |
|---|---|---|
| Foreign Income Tax | 0% | up to 47% |
| Capital Gains Tax | 8% | 22% |
| Corporate Tax | 10% | 22% |
| Wealth Tax | None | 0.95-1.1% on net wealth |
| Residency Timeline | 90 days | N/A |
| Investment Required | $5,000 bank deposit | N/A |
| Physical Presence | Once every 3 years | 183+ days/year |
| Path to Citizenship | 3 years to citizenship | Varies |
Why Norwegians Choose Paraguay
Save $60,000 - $260,000+/Year
The average norwegians moving to Paraguay saves $60,000 - $260,000+ annually by eliminating up to 47% taxes on foreign-sourced income.
Territorial Tax System
Unlike Norway's worldwide taxation, Paraguay only taxes income generated within its borders. Foreign income is generally exempt.
Location Freedom
While Norway requires 183+ days presence, Paraguay only requires a visit once every 3 years to maintain residency.
Fast Process
Get permanent residency in just 90 days. No years of waiting, no complex point systems, no quotas.
The Norway Tax Problem
Wealth tax on global assets
High income tax rates
Exit tax on shares
Social security contributions
Important: Leaving Norway
Norway has wealth tax and exit tax. Paraguay residency helps establish non-residency to escape Norwegian taxation.
Our team includes specialists familiar with Norway tax law who can help you navigate the transition properly and legally.
Who Should Consider Paraguay Over Norway?
Remote Workers
Keep 100% of your foreign-earned income instead of losing up to 47% to taxes.
Entrepreneurs
Build your business without the Norway tax burden holding you back.
Investors
Optimize capital gains with Paraguay's favorable 8% rate vs 22%.
Retirees
Stretch your pension and investments further with minimal tax obligations.
Frequently Asked Questions
Is Paraguay better than Norway for taxes?
For foreign income and wealth, Paraguay is significantly better. Norway charges up to 47% income tax plus 0.95-1.1% annual wealth tax on net assets. Paraguay has 0% tax on foreign income and no wealth tax whatsoever.
What's the tax difference between Paraguay and Norway?
Norway taxes income at up to 47%, imposes a 0.95-1.1% wealth tax on global net assets, and has exit tax on shares. Paraguay taxes only local income at 10%, with no wealth tax, no exit tax, and zero tax on foreign income.
Can Norwegians get Paraguay residency easily?
Yes. Norwegian citizens enter Paraguay visa-free and can apply directly for permanent residency. The 4-6 week process requires minimal documentation and no language proficiency test.
Explore More Resources
Everything you need to make an informed decision about Paraguay residency
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Last reviewed: February 2026