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Correct. Unless you do work for IVA exempt entities (public universities for example) - they are exempt. However, once you have RUC you also have obligation to declare your IVA or pay a fine.

The tax free amount for residents of Paraguay is 80 million Guaranis per year (as of now 1 US = 8,000 Gs). If you make less than that, you do not need to pay taxes not even file a report. However, once you are over that threshold only once, you will also have to file every year regardless if you...

Based on my personal experience opening a bank account in Paraguay is really hard. Generally banks do not want to open accounts for foreigners with a temp residency. Even for me (I am a permanent resident) it was a challenge, but thanks to my friends' connections I was able to open 3 basis...

If you mean the cell phone plan you can pay from anywhere in the world once you have a Paraguay bank account. If you meant something else please let me know and I try to respond.

Ohh and in Paraguay right upon my arrival - January 2022. It was in Asuncion and the guy spoke Jopara to me (local dialect - a mixture of Spanish and the local native language Guarani), so it was really hard for me to understand. Once I pointed out to him that maybe he could speak Spanish to me...

Fall 2021 in Cusco.

You can also use your actual rental agreement, wherein the legal address is specified. By the way I was able to set up a postpaid plan both in Peru and in Paraguay upon arrival as a tourist (Peru: Movistar, Paraguay: Claro). My Paraguay plan is currently about 75,000 Guaranies per month (just...

What actually happens that yes you can apply in any major city so long there is an office of Migraciones Paraguay. These guys, however, are merely a front office so to speak, so they collect the info regarding your application and send it to Asuncion, which can add to the delay. Also, those of...

For other potential would be applicants, I am a permanent resident of Paraguay. Re: Asuncion flights - it is a feeder airport for Bogota, Panama, Sao Paulo and Rio de Janeiro from where you can go virtually everywhere. Not speaking Spanish is an issue, though, as hardly anybody here can count to...

There are ppl here who say that a certain large bank n the USA will open an account without ITIN, but for a cost - I have yet to see it. I have opened perhaps half a dozen USD bank accounts both brick and mortar as well as EMIs in 2024 and no go without my SSN. Hope or EIN - depending if...

The ones who offer free EIN in 5 min. I had done it before for someone, nad all I can say it is getting harder and harder to get an ITIN. Hope that answers your question. Have a beautiful day.

I set up a regular Alberta Corporation. In Alberta, Corp. has shareholders, not members. Liability is limited to the Corp. paid up capital so long as the execs do not cross the line and ended up in criminal territory. I certainly can recommend an accountant but he is not exactly cheap. He is...

Yes to the first, however I find these offers of dubious and suspicious value and would never recommend them for any self respecting business. You cannot most definitely open a bank account in the US financial institution without SSN or ITIN anymore. Just opened a few over the last few months...

Questions re: Jbb1 Depends on the tax status. How you plan on getting EIN and then bank account without SSN or least ITIN? Thank you Thomas

As an ex Canadian resident, let me add the crucial distinction in terms of the corporation type. Ideally, you are able to set up a CCPC (Canadian Controlled Private Corp) which is taxed at under 11% - it varies based on province. See...

I just got EIN few weeks ago, took 5 min and no cost at the IRS website. However I do have SSN even though I do not live in the USA: Got it for a newly formed LLC.

I have just recently opened Paraguay bank account, you do not need a Paraguay passport, but you do need to be a permanent resident. It is quite a bit of work and depends on the bank - I had talked to 5 banks and each had different requirements, the basic ones being having permanent residency...

> After approval, do I have to visit the country from time to time? Will my residency be cancelled, if I won't enter Paraguay every 5 years (or any other period)? Per the old law, yes. I have yet to read the new law. However, this does not mean that the law is always followed and possibly there...

This is not about Paraguay but Colombia - and it is relevant as of today. Colombia's 2-Year Digital Nomad Visa: What We Know [Aug. 2022]

Correction: "What I learned that the new applications for a permanent residency will include work permit and could lead to a permanent residency." should be "What I learned that the new applications for a temporary residency will include work permit and could lead to a permanent residency."...