Georgia and Paraguay are two residencies that founders with income from abroad compare. Georgia grants residence through property worth more than USD 150,000 or an investment from USD 300,000, and does not tax residents' foreign-source income. Paraguay's general temporary residence needs no investment, and it taxes individuals only on Paraguayan-source income.
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Georgia
Paraguay| Criterion | Georgia | Paraguay |
|---|---|---|
| Main routes | Short-term residence permit through property; investment residence permit; residence permits for work or business activity | Temporary residence with no investment threshold; permanent residence directly for investors under SUACE |
| Capital needed | Property with a market value above USD 150,000 (short-term permit), or an investment of at least USD 300,000 shown by an audit report or property above USD 300,000 (investment permit); property is valued by an accredited assessor | None on the general route |
| Time to permanent residence | Investment permit: permit for indefinite stay after 5 years if the investment or property is kept and, for an investment, turnover thresholds are met; otherwise, according to the agency, after 10 years on temporary permits | Temporary residence of up to 2 years first, extendable for the same period; SUACE investors: permanent from the start |
Paraguay suits founders who want residence without capital: temporary residence needs no investment, permanent residence follows the temporary stage, and naturalisation is possible three years after that. Georgia suits people who buy property worth more than USD 150,000 or invest at least USD 300,000 and want a decision within days; its citizenship takes ten years of residence. Neither taxes residents' foreign-source income.
The table compares the routes, the capital needed, the time to permanent residence and citizenship, decision times and the tax rules for residents. Georgia's tax residence follows the days you spend there; Paraguay's tax rules follow permanent residence.
| Criterion | Georgia | Paraguay |
|---|---|---|
| Main routes[1][2] | Short-term residence permit through property; investment residence permit; residence permits for work or business activity | Temporary residence with no investment threshold; permanent residence directly for investors under SUACE |
| Capital needed[1][2] | Property with a market value above USD 150,000 (short-term permit), or an investment of at least USD 300,000 shown by an audit report or property above USD 300,000 (investment permit); property is valued by an accredited assessor | None on the general route |
| Time to permanent residence[1][2] | Investment permit: permit for indefinite stay after 5 years if the investment or property is kept and, for an investment, turnover thresholds are met; otherwise, according to the agency, after 10 years on temporary permits | Temporary residence of up to 2 years first, extendable for the same period; SUACE investors: permanent from the start |
| Minimum stay[1][2] | No minimum stay in the agency's permit conditions | No yearly minimum in the Migration Law; residence can be cancelled after an unjustified absence of more than 1 year (temporary) or 3 years (permanent) |
| Time to citizenship[3][4][5] | 10 consecutive years of lawful residence, a language, history and law test, and a job, property or business in Georgia | 3 years of continuous residence counted from permanent residence, with absences of no more than 3 months a year |
| Tax for resident individuals[6][7] | Georgian-source income at 20% unless the Tax Code sets another rate; income from sources outside Georgia exempt | Territorial: personal income tax (IRP) only on Paraguayan-source income; 8% on capital income and gains, 8% to 10% on services |
| Tax residence test[8][9] | 183 days or more in any continuous 12-month period ending in the tax year | Holders of permanent residence (Decree 3181/2019, article 2) |
| Decision time[1][10] | 30, 20 or 10 calendar days, depending on the service speed chosen | About 105 days from visit to completed file (our experience) |
| Example: USD 50,000 of dividends a year from a company abroad (illustration, not advice)[6][7] | Not Georgian-source income, so exempt for a resident individual: no Georgian income tax | Not Paraguayan-source income, so outside IRP: no Paraguayan income tax |
| Banking partners in our network | 3+ | 4+ |
General information, not legal or tax advice. Approval always rests with the institution or authority.
Paraguay suits founders who want residence without tying up capital, accept a document-heavy process with an appointment in person and want a short path to naturalisation once they hold permanent residence.
Georgia suits people who buy property or invest in the country, want a decision within days and prefer a tax residence test based on the days they spend there; its path to citizenship is long. In both cases, leaving your current country of tax residence has its own rules, and its tax authority will look at where you actually live.
Both leave the foreign-source income of resident individuals untaxed: Georgia exempts income from sources outside Georgia, and Paraguay taxes only Paraguayan-source income. Georgia makes you tax resident after 183 days in any 12-month period; Paraguay's tax rules treat holders of permanent residence as resident. What your current country requires when you leave matters as much.
Georgia's short-term permit needs property worth more than USD 150,000; its investment permit needs an investment of at least USD 300,000, shown by a certified auditor's report, or property worth more than USD 300,000. Property is valued by an accredited assessor. Paraguay's general temporary residence needs no investment.
Paraguay: three continuous years after permanent residence, with no more than three months' absence a year. Georgia's regular procedure requires ten consecutive years of lawful residence, a language, history and law test, and an economic link to the country.
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