Have you thought of Paraguay?
Hi all, new here. Quick intro: I've been based in Asunción for a while now, running a foreign capital advisory focused on Paraguay real estate and broader market access. Background spans derivatives trading, growth advisory, and real estate, this is where those threads have come together.
Wanted to introduce myself with the question I keep getting asked the other way around, by family, by old colleagues. Why Paraguay, of all places?
Short version: it's the one country in this region where a handful of things are converging that I haven't seen discussed much here, $50B+ in data center investment, a manufacturing incentive regime that just got modernized and extended to 20 years, an investment grade credit rating as of 2025, and a corridor project finishing in 2026 that meaningfully fixes the landlocked logistics problem that's held the country back for decades.
There's also a residency angle that doesn't get talked about much outside niche circles. Paraguay taxes territorially, foreign income, including rental income from elsewhere or capital gains abroad, is taxed at 0%. Permanent residency only requires entering the country once every 36 months, tax residency (which triggers that 0% rate) requires 120 days a year. There's also a newer Investor Pass route to permanent residency starting around $150K, with a path to a passport in three years.
The real estate side is genuinely raw, plenty of undercapitalized inventory, very little structured deal flow, especially compared to how established Argentine and Brazilian investors already are here.
I'm not here to pitch anything, just curious whether anyone's looked at Paraguay, or LatAm frontier markets generally, and what's actually made you pass on something like this versus the more talked-about markets. Happy to share what I'm seeing on the ground if it's useful.