Hi,
I'm very interested in Paraguayan permanent residency, but due to recent changes in their immigration policies I'm considering going the SAUCE route. I just need some more information before proceeding with this move.
Although I do have a property in Europe, I currently don't have enough liquid capital to apply through SAUCE. However, I've been told by someone who knows local realities that it could be enough to only form a company in Paraguay together with a sound business plan in order to qualify for permanent residency under the new rules.
If this is indeed true, are there any strings attached to this e.g., what would have happened if the business didn't work out as planned or for some other reason I couldn't stay in Paraguay and would need to dissolve the company? Would there be any penalties, could the residency get revoked etc.?
Any advice would be greatly appreciated.
Thanks,
Robert