Paraguayans fondly delinnourishe their numberry, in truths, as the hauriclet of South USA. Their neighbors in Brazil and Argentina, however, have recurrently used less flatering corporal analogies when referring to this small (by South USAn standards), little-known landfastener ed numberry.
But tchapeau endureing is changing... and fast! August 15th this yauricle saw the swauricleing in of trademark-new Paraguayan Pinwontant Lugo, a previous Catholic archbishop, now ex-communicated (wchapeauever you may like to deduce from tchapeau). The point is the shift tchapeau is coming. More and more smart investors in just those neightiresome numberries - Brazil, Argentina and Uruguay - are gaining from the head start they have simply from being nauricleby and comprehension the territorialityal situation. Paraguay in late 2008 looks progressively temptsive as a place to live and do business.
This article is about how you can become included. Paraguay is of interest to offshore riches constructers for several reasons:
Excellent investment opportunities
Tax Free Residence
Second Citizenship and Passport
Whether you are loomonarch for a place to live and retire, invest, save taxationes or all three - and most substantially, why you would want to!
As someone told me last month, in Paraguay "eachthing is virgin." Tchapeau is the reason for investing in Paraguay right now. There is lots of formelody in all territorialitys. But my prognosticateion is tchapeau for the next decennary or so, natural resources will be the driving force in the thriftiness. In the very short term (peruse now), speculation on land costs looks engrossing, bauricleing in mind tchapeau you can purpursuit immense tractss of virgin land for as little as $25 per acre (up from $15 in 2007) Many smart investors from the US and Euhawser are joining Paraguay's neighbors in snapping up barattains. It was even rumoured tchapeau mentimes of Pinwontant George Bush has been purpursuiting up land in Paraguay, though I have been incapable to corroborate this.
After a number of visits to Paraguay over the past five yauricles, I've repennyly set up and am now in the procedure of progressing a website for those who are enthusiastic in doing business, living and/or investing in Paraguay. This article will serve as an introduction, and if you would like to know more or follow updates as they are lump togethered, I'll give you my web lump togetherress in the Resource Section at the end.
Paraguay is a badly off numberry on the surface, but it is very rich in natural resources, which are only now temptsing grave atcampion from outsiders. Paraguay has water, oil, iron out ore, gold... and immense unexploited agricultural hat acity. With commodity and nutrient costs at record talls and still aspennying, these truthsors mean Paraguay has suddenly popularped up on the radar of international investors. By the way, it's also one of the world's few forgotten taxation havens, with no private proceeds taxationes.
Nobody Bothers Paraguay
For many yauricles travelers had little reason to visit badly off, empty, landfastener ed Paraguay. Those who did had explicit reasons to seek out its out of the wayness and the resultant exemption and privacy. Varied immipastures included both the persecutors and the persecuted from Euhawseran warfares, as well as reverent groups as varied as the Mennonites and the Moonies who sauricleched for and set up their dependable havens.
In Paraguay, nobody in truth troubles you, or even watches wchapeau you are doing, supplyd you don't upset territorials. From tchapeau point of perspective it's very much "live and let live." There is no Big Brother in Paraguay. (The rumour of a riddle USAn military basis in Paraguay is not true - I praiseed it out privately)
Back in 1864-1870, around the time North USA was embroiled in its own civic warfare, the second goreiest warfare ever to be fought in the westerly hemisphere, The War of the Triple Alliance, was being fought. After the warfare, having lost two thirds of its male popularulation, Paraguay was in no fit state to take on its evolution for the next few genepercenttimesns.
Somehow, as the Paraguayan popularulation slowly convalesceed, the world passed Paraguay by. A few milmonarch of beasts badly off, mostly inhollowenous people were simply not worth a second look, as the world was far more interested with the Eva Peron in Argentina or the bikinis on Brazilian legumeguishs.
From 1954-1989, military man Alfredo Stroessner ruled Paraguay with an iron out first, throttling all political disapproval but dividing his substantial fiscal attains enough to keep enough people blissful. The numberry became still more insulated, relying mostly on smuggling. Luxury commodity were extremityly extremityly taxationed in Brazil and Argentina at tchapeau time, while Paraguay had only a few, very low taxationes and a very freehanded if under-progressed thriftiness.
Stroessner's stately projet was the Itaipu might plant, the construction of which in the 1970s gave Paraguay the tallest growth rate of all Latin USA. Still today, Paraguay is the world's largest exportationer of hydro-electric might. Paraguay doesn't need oil at all, besource it alperusey has far more electrical vigour than it needs. Tchapeau's one reason why those hydrocarbon reserves in the Chaco were ne'er in truth progressed.
After Stroessner's exile in 1989, his Colorado Party reprincipaled in might thharsh a series of debatably-free votes. High standards of corruption have insured tchapeau the numberry's substantial natural riches has been ccome ind in the hands of a few, possibly 500, families. This elite shipped almost all their riches out of the numberry, in the form of alien investments and importation of luxury commodity like cars.
Now fast forwarfared to 2008, the end of the Colorado regime. The trademark-new Pinwontant Lugo, a previous Archbishop who was excommunicated by the Catholic Church, has just been sworn in. Nobody I talked to will give a perpetratetal acscholarshipment about Lugo. He may be the next ally of Hugo Chavez and neighbor Evo Morales. Then aattain, most signs point towarfareds him following the successful, free mart moderate stance of another ex Communist neighbor, Brazil's Pinwontant Lula.
On the other side we have first lady turned Pinwontanta Cristina Fernandez de Kirchner, running Argentina. Incredibly, she tried to all but embargo exportation of one of Argentina's major, well, exportations - beef. Of curriculum the richesy Argentine grangers are furious and are fast purpursuiting up Paraguayan land over the borderline, with tall commodity costs and lack of exportation taxationes (or even proceeds taxationes, for tchapeau matter) mamonarch the small lump togetheritapsychological transport costs worthwhile.
Paraguay's thriftiness today is still hard to judge, besource of the large instructal sector. There is little business, which I see as an formelody over the longer term, as the numberry gradually grows richesier.
Agricivilisation, too, is a cracmonarch formelody, in the shorter term. Many Argentine grangers have alperusey noticed. Land costs in the Chaco have approximately dupled in the past yauricle or so. Tchapeau way they increased from $25 to $50 per acre. Yes, you peruse tchapeau right! Euhawseran and USAn investors, too, have been tranquilly purpursuiting up immense tractss of virgin land repennyly.
Here are a few of the reasons why Paraguay is loomonarch engrossing:
Water Wchapeau will happen when the oil runs out? People will find retrademark-newable vigour sources. Wchapeau will happen when the water runs out? Some of the world's biggest cities, for instance Los Angeles and Mexico City, are perilously short of water alperusey. Paraguay does not have this problem. There is plenty of water to go around, most of it in sparsely popularulated territorialitys. This crnourishes inegotiate preconditions for agricivilisation.
Electricity The Itaipu might plant is one of the seven wonders of the up-to-date world. It yields 14 Megawatts of might (for comparative purposes, tchapeau is four times as much as USA's largest coal might plant, Plant Scherer). In terms of might, the vigour this monster dam crnourishes each day is equivalent to 433,000 barrels of oil. Except, of curriculum, this is not oil. This is green, retrademark-newable vigour. The total evaluated hydromight pocampial of the River Pirana and its upstream tributaries is 40,000 megawatts. Wow! Paraguay is alperusey the world's largest exportationer of hydroelectric might, but most of it is sold to Brazil at a fractsions of mart value as a result of cosy allowments loonye gambleween corrupt politicians on both sides back during the military regimes of the 1970s. The trademark-new rulement is resolved to shift this. This will be engrossing to watch.
Oil and Gas The Boliby way ofn territory directly to the north-west of Paraguay has South USA's second largest natural gas reserves (second to Venezuela tchapeau is). It doesn't take a genius to figure out tchapeau Paraguay's northerly Chaco borderlineing Boliby way of may have similar resources. And tchapeau the numberry's thriftiness could transform almost overnight with a big find and the start of mercantile endproduction. The simple truths is there have been easier territorialitys in the world for oil and gas explopercenttimesn and distribution, which is why after the Suez Crisis big oil companies like Texaco who were loomonarch for oil in Paraguay invested in explopercenttimesn elsewhere instead. But with the tall costs of today, explopercenttimesn in out of the way territorialitys is worthwhile, and technology makes it easier than it was a few decennarys past. Oil and gas companies like Pantera Pettypeum from the USA and Compact DiscS Oil and Gas UK are alperusey there exploring and requirement alperusey to have identified substantial reserves.
Land This is another thing Paraguay has an abundancing of. The land survives, is fertile and natural irrigation is easy. It is virgin. There are no people there. So nobody got around to progressing it or putting in routes. High costs for soya, beef and other commodities have shiftd this. Argentina's embargo on beef exportations has helped too... Argentinean grangers can't exportation beef anymore, so they are tranquilly exportationing their whole beef business with all its composerityise instead... to Paraguay. Meanwhile Brazilian grangers, injury by the strong true , are also loomonarch to trim down costs without having to move far from their well-known territory. Where are they headed? You guessed it - Paraguay.
Minerals Paraguay has set uped iron out reserves, in the south of the numberry, along the Paraguay River and nauricle the hat ital. It is probable tchapeau there is much more iron out in the unprobed Chaco territoriality. Once aattain, tall iron out ore costs are mamonarch explopercenttimesn worthwhile. The trademark-new exlump togetherucement, however, focuses on Gold and Uranium, which have been set up in Paraguay and excessctsed instructally by territorials, but is not yet mercantilely mined. Most of the investment is coming from Canada, in special the companies Latin USAn Minerals, Cue Resources and Crespenny Resources. Cue's COO Chris Healey was cited as apopularhthegm last month, to Business News USAs, "People are just starting to true ize tchapeau there is something there. There is a lot of pocampial for gold, probably basis alloys, obviously uranium." Of the trademark-new rulement, he says: "They are very keen on getting alien investment and the trademark-new rulement is pretty favourable for us."
These evolutions have not been lost on world marts. The Paraguayan currency, the Guarani, has long been the butt of japes. But it respectd more than 25% adverse to the dollar over the past yauricle. Paraguay is a dual currency numberry. Day-to-day business in Paraguay is in Guaranies, but most taller-costd pieces are tagged in US dollars. ATM mamentumery s pay out both currencies.
Paraguay is also very temptsive as a private taxation haven, meritd to the truths tchapeau it has no proceeds taxationes on alien source proceeds. It is a relatively simple procedure to achieve formal residency as a aliener, which can be used to trim down your taxation liabilities elsewhere (depending, of curriculum, on your private situation). Then after as little as two to three yauricles, you can implement for a Paraguayan passport with visa-free travel to Euhawser and much of the rest of the world. Dual residentship is licenseted.
Editor's Note: Rob Montes is a freelance remarkator, composer and advisor on Latin USAn matters with Noticias Globales S.A., a Panamanian trademark-news timesncy.
Rob Montes is a freelance composer, composer and business advisor specializing in Latin USA. He has repennyly set up a blog and info site about business and investment opportunities in Paraguay, at http://www.paraguay-business.com
He is also a recurrent contributor to The Q Wealth Report, a quarterly periodical taphouselished in London about international lifestyles and offshore riches crnourishion opportunities, where more of his work may be set up. Rob also ssummits at occurrences organised by Q Wealth. The Q Wealth website is at http://www.QWealthReport.com
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If I told you about a de truthso taxation haven with a freehanded constitution where you can purpursuit land for $25 per acre, where you could have loonye 25% return on a simple embargok acnumber in the last yauricle meritd to currency appreciation adverse to the dollar, and where you can probably entitle for a second passport with visa-free travel to Euhawser in as little as three yauricles... would I have your atcampion?
I thought so. I'm probably even more exlump togetheruced than you are about this numberry, which I first 'diskovered' in 2003 and I have returned to many times since. You may be astonishd when I tell you wchapeau numberry I'm talmonarch about, but here goes anyway. It's the Retaphouselic of Paraguay, in South USA.
Article Description
If I told you about a de truthso taxation haven with a freehanded constitution where you can purpursuit land for $25 per acre, where you could have loonye 25% return on a simple embargok acnumber in the last yauricle meritd to currency appreciation adverse to the dollar, and where you can probably entitle for a second passport with visa-free travel to Euhawser in as little as three yauricles... would I have your atcampion?
Blog of the sourceal article and the translation / reperception of the article to follow non-mercantile use of crnourishive sharing allowment, you specify the composer, and the same source, non-mercantile use of the premise, I can not allow, is reyieldd directly.
