List of Places to See All Over Paraguay 🇵🇾

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1. Asunción – The Capital Vibe 🇵🇾
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🕺 Nightlife: Paseo Carmelitas, Morgan Warehouse, D’lirio
🚶 Streets to wander: Palma Street, Av. Mariscal López
🍸 Bars: JazzCube, Pub Britannia, Brasserie Palo Santo
🏛️ Museums:
• Museo del Barro
• Casa de la Independencia
• Museo del Cabildo
• Gran Hotel del Paraguay
• Museo de la Estación Central
• Mythical Museum Ramón Elías
🛍️ Shopping: Paseo La Galería, Shopping del Sol
🏰 Historic: Palacio de López, National Pantheon, Catedral de Asunción, Edificio Capasa, Iglesia de la Encarnación
🌳 Outdoor: Costanera, Plaza Infante Rivarola, Plaza de los Desaparecidos, Plaza Uruguaya, Mercado 4, Loma San Jerónimo
🐒 Nature: Zoo + Botanical Garden
🏨 Iconic hotels: Hotel Guarani, Hotel Excelsior
🍕 Faves: San Rafael Church (with pizzeria), Bar Asu (French-run pool bar), Casa Clari, Negroni Downtown, Skybar, Laserland
🇫🇷 Thin-crust French pizzerias all over
🏖️ Rakiura Resort
✈️ Fly over the city: Book a private plane from Asunción Int’l Airport 2. San Bernardino & Areguá – Weekends & Art Towns 🌞🎨

San Bernardino 🇵🇾
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🌊 Playa La Rotonda, Costa Serena
🛍️ Weekend craft market
🌄 Mirador Bella Vista
🪂 Kynda Drop Zone skydiving school

Areguá 🎨🍓
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🏖️ Beach & strawberry specialties
🪵 Handmade ceramics (Circuito de la Cerámica)
🗿 Geological wonder: Cerro Ko’î
🏰 Castillo Carlota Palmerola
🍽️ Eat at La Estanciaa, Casa Manolo, Amba Café, Rancho Aregua Grill, Casa de Pizza, Altozano
🛍️ Paseo Blanca Lila, Mercadito Bee, Maria Bonita Garden House
⛪ Iglesia la Candelaria with lake views
🛏️ La Escondida, Casa Casaccia

#Tax Residency 101 – Most People Get This Wrong! 🚨

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👉 Immigration residency ≠ Tax residency
Let’s clear up some common (and costly) mistakes. The Key Difference
Immigration Residency = Your legal right to live somewhere e.g., Paraguay residency.
Tax Residency = The country where you are considered liable for taxes.

🏦 Opening a Bank Account in Paraguay?

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Opening a bank account in Paraguay offers exciting financial opportunities, but the process depends on your funds and financial background. Here’s how to get started smoothly.

1. Understanding the Requirements
Paraguayan banks require proof of income, assets, or the origin of your funds.
•If you have significant fiat or assets, the process is simpler, as banks prefer clients with clear financial documentation.
•For crypto holders, it’s more challenging. Banks favor fiat currency, documented assets, or investments with a clear paper trail. You may need notarized and apostilled financial documents to verify the source of your funds.

2. For Those Without Substantial Assets or Fiat
~ If you lack assets or cash, you’ll need to demonstrate legal sources of funds, such as:
•Personal financial statements
•Income records
•Investments or transactions showing clear legality

3. Transitioning Crypto to Fiat
~For crypto users, converting crypto to fiat and creating a financial trail is essential.
•Convert crypto to fiat and deposit it into a personal account with a reputable overseas bank or exchange.
•Use these funds to purchase shares or investments.
•Hold them for 2–3 months, then sell to establish a legitimate financial history.
•Present these funds in your name as proof of origin.

4. Investing in CDAs (Certificates of Deposit Accounts)
~ Investing fiat in CDAs in Paraguayan banks can demonstrate financial stability. This shows the bank you have the necessary cash and builds goodwill. Many banks are willing to work with clients who support their ecosystem, opening doors to full accounts and transfers.

5. Building Relationships with Banks
~ Speak directly with bank managers and present yourself as a serious businessman. Goodwill, persistence, and confidence can result in personalized deals. Building trust, scratch their back, and they’ll scratch yours, goes a long way.

6. Diversifying Banking
~Holding offshore accounts in countries like Singapore, Cook Islands, Panama, Australia, or the United States etc makes it easier to open accounts elsewhere. Verified accounts provide flexibility and security, making your financial profile stronger.

7. Avoid Negative Advice and Laziness
~There’s always a solution for those willing to put in the effort. Organize your finances, prepare your documents, and remain confident. Being proactive and creative can turn challenging situations into opportunities. Where this a will, there is a way.

Banks in Paraguay prioritize transparency and compliance. With the right preparation, legal documentation, and determination, you can open USD and Guarani accounts, whether you’re transferring $10 or $10 million. Investing in CDAs, building relationships with banks, and demonstrating financial stability can make the process much smoother. Where there’s a will, there’s always a way. Requirements for Opening a Bank Account in Paraguay

When opening an individual bank account with major banks in Paraguay, individuals need to provide specific documents to ensure a seamless and compliant process. The typical requirements include:

1. Proof of Address
•Recent utility bill (electricity, water, gas)
•Rental agreement or property title
•Notarized letter from the landlord (if required by the bank)

2. Proof of Income
•Recent payslip or salary certificate
•Bank statements reflecting income

3. Identification
•National Identity Document (Documento Nacional de Identidad - DNI) for Paraguayan citizens or residents
•Passport for foreign nationals

4. Tax Identification Number
•RUC (Registro Único del Contribuyente) for businesses and self-employed individuals

5. Additional Supporting Documents
•Completed bank account application form
•Letter expressing the intention to open a bank account
•Optional: Letter of recommendation from a reputable bank or professional

Important Notes
While many banks in Paraguay require documents to be presented in Spanish, most major banks also accept documents in English. However, these documents may still need to be authenticated or legalized through the Consulate or Embassy of Paraguay in the country where they were issued if required.

In addition to meeting these requirements, building strong relationships with bank managers and staff can open additional opportunities. Banks in Paraguay often appreciate trust and goodwill, which may allow for more flexibility in the process. A proactive and confident approach can sometimes lead to options beyond the standard requirements.