Paraguay vs Singapore
Tax Residency Comparison
Paraguay taxes foreign income at 0% through its territorial system, while Singapore taxes residents at up to 24%. Singaporeans switching to Paraguay residency save $15,000 - $70,000+ 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 | 🇸🇬 Singapore |
|---|---|---|
| Foreign Income Tax | 0% | up to 24% |
| Capital Gains Tax | 8% | 0% |
| Corporate Tax | 10% | 17% |
| 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 Singaporeans Choose Paraguay
Save $15,000 - $70,000+/Year
The average singaporeans moving to Paraguay saves $15,000 - $70,000+ annually by eliminating up to 24% taxes on foreign-sourced income.
Territorial Tax System
Unlike Singapore's worldwide taxation, Paraguay only taxes income generated within its borders. Foreign income is generally exempt.
Location Freedom
While Singapore 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 Singapore Tax Problem
High cost of living
Property cooling measures
Limited space
Competitive pressure
Important: Leaving Singapore
Singapore has low taxes but very high costs. Paraguay offers similar tax benefits at 10% of the living costs.
Our team includes specialists familiar with Singapore tax law who can help you navigate the transition properly and legally.
Who Should Consider Paraguay Over Singapore?
Remote Workers
Keep 100% of your foreign-earned income instead of losing up to 24% to taxes.
Entrepreneurs
Build your business without the Singapore tax burden holding you back.
Investors
Optimize capital gains with Paraguay's favorable 8% rate vs 0%.
Retirees
Stretch your pension and investments further with minimal tax obligations.
Frequently Asked Questions
Is Paraguay better than Singapore for taxes?
Both have territorial tax systems, but Paraguay's 10% top rate is lower than Singapore's 24%. The real advantage is cost of living: Paraguay is approximately 80-90% cheaper than Singapore, dramatically increasing net savings.
What's the tax difference between Paraguay and Singapore?
Singapore taxes income at up to 24% and corporate profits at 17%. Paraguay taxes local income at 10% and corporate income at 10%. Both have territorial systems, but Paraguay's rates are lower and living costs are a fraction of Singapore's.
Can Singaporeans get Paraguay residency easily?
Yes. Singaporean citizens enter Paraguay visa-free and can apply directly for permanent residency. The process takes 4-6 weeks with minimal documentation and no language requirements.
Explore More Resources
Everything you need to make an informed decision about Paraguay residency
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Last reviewed: February 2026