South Koreans, Stop Paying up to 49.5% in Taxes
Paraguay charges 0% tax on foreign income through its territorial tax system, while South Korea taxes residents at rates of up to 49.5%. South Koreans who obtain Paraguay residency can legally eliminate foreign income taxes and save $55,000 - $220,000+ per year, with a straightforward 90-day process requiring only a $5,000 bank deposit.
The South Korea Tax Problem
As a South Korea tax resident, you're facing some of the highest tax rates in the world:
High income tax rates
National Health Insurance mandatory
Exit procedures complex
Crypto taxation increasing
The Paraguay Solution for South Koreans
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: South Korea Exit Considerations
South Korea has strict residency rules. Paraguay provides clear documentation of foreign residence.
Our team includes specialists familiar with South Korea tax law who can help you navigate the transition properly.
How It Works for South Koreans
- 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 South Korea.
- 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 South Koreans save with Paraguay residency?
South Koreans can save $55,000 to $220,000+ per year. With Korea's income tax up to 49.5%, inheritance tax up to 50%, and increasing crypto taxation, Paraguay's territorial system offers major financial relief.
Do South Koreans need to give up their citizenship?
No. South Koreans can hold Paraguay permanent residency without renouncing citizenship. However, Korean men should be aware of military service obligations that may affect their ability to reside abroad.
What is the process for South Koreans to get Paraguay residency?
South Korean citizens can obtain permanent residency in Paraguay within 4-6 weeks. Requirements include an apostilled criminal record certificate, proof of income, a bank deposit of approximately $5,500, and standard documents.
Is there an exit tax when leaving South Korea?
South Korea does not have a formal exit tax, but has complex rules around overseas asset reporting and foreign financial account disclosure. Proper deregistration and compliance with reporting requirements is essential.
How long do South Koreans need to stay in Paraguay?
Paraguay requires no minimum stay for permanent residents. A visit once every 3 years is sufficient to maintain residency, offering South Koreans flexibility to manage their global business interests.
Complete Your Paraguay Journey
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Everything you need to make an informed decision about Paraguay residency
Ready to Save $55,000 - $220,000+/Year?
Join other south koreans who have legally reduced their tax burden with Paraguay residency.
Last reviewed: February 2026