Singaporeans, Stop Paying up to 24% in Taxes
Paraguay charges 0% tax on foreign income through its territorial tax system, while Singapore taxes residents at rates of up to 24%. Singaporeans who obtain Paraguay residency can legally eliminate foreign income taxes and save $15,000 - $70,000+ per year, with a straightforward 90-day process requiring only a $5,000 bank deposit.
The Singapore Tax Problem
As a Singapore tax resident, you're facing some of the highest tax rates in the world:
High cost of living
Property cooling measures
Limited space
Competitive pressure
The Paraguay Solution for Singaporeans
Territorial Tax System
Paraguay only taxes income generated within its borders. Foreign-sourced income is generally tax-exempt.
Fast 90-Day Process
Get your permanent residency in as little as 90 days. No years of waiting like other programs.
Minimal Presence Required
Visit just once every 3 years to maintain residency. Live anywhere in the world.
Low Investment Threshold
Only $5,000 USD bank deposit required. One of the most accessible programs worldwide.
Important: Singapore Exit Considerations
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.
How It Works for Singaporeans
- 1
Initial Consultation
We assess your situation and create a personalized tax optimization plan.
- 2
Document Preparation
We handle apostilles, translations, and all paperwork from Singapore.
- 3
Paraguay Visit
Brief 1-2 week visit for biometrics and bank account opening.
- 4
Residency Approved
Receive your permanent residency card. Start saving immediately.
Frequently Asked Questions
How much can Singaporeans save with Paraguay residency?
Singaporeans can save $15,000 to $70,000+ per year. While Singapore has low tax rates, the extremely high cost of living means Paraguay's similar territorial tax benefits at a fraction of the cost result in significant net savings.
Do Singaporeans need to give up their citizenship?
No. Singaporeans can hold Paraguay permanent residency while keeping their Singapore passport. However, Singapore does not recognize dual citizenship, so taking Paraguayan citizenship would require renouncing Singapore nationality.
What is the process for Singaporeans to get Paraguay residency?
Singaporean citizens can obtain permanent residency in Paraguay within 4-6 weeks. Requirements include an apostilled certificate of clearance, proof of income, a bank deposit of approximately $5,500, and standard documentation.
Is there an exit tax when leaving Singapore?
Singapore does not impose an exit tax. The territorial tax system means no worldwide income taxation. However, certain stock option gains may be deemed exercised upon departure and taxed accordingly.
How long do Singaporeans need to stay in Paraguay?
Paraguay requires no minimum stay for permanent residents. A visit once every 3 years is sufficient, making it ideal for Singaporeans seeking a lower-cost backup residency with similar tax advantages.
Complete Your Paraguay Journey
Explore More Resources
Everything you need to make an informed decision about Paraguay residency
Ready to Save $15,000 - $70,000+/Year?
Join other singaporeans who have legally reduced their tax burden with Paraguay residency.
Last reviewed: February 2026