How to invest in Paraguay from Spain

For many European investors, Paraguay combines three things that are hard to find together: a moderate tax burden, with a standard 10% rate for VAT and corporate income tax; a young market, with a young population and growing demand for housing; and a record influx of foreign residents. In 2025 Paraguay received 47,687 residency applications, 63% more than the previous year.

In the projects we offer, investment starts from €40,000. The price depends on size and location: we have homes from 28 to 89.6 m², from studios to two and three-bedroom apartments and houses.

We give you the prices for each project in euros and, before you reserve, we explain in writing what the price includes and which additional costs apply.

What we recommend most are off-plan apartments in growth areas, because you buy at pre-construction prices. For the projects we market, the developer estimates capital growth of 20% during construction and 30% once completed, and gross short-term rental yields above 10% a year.

We currently have projects in these cities:

• AsunciónAires Pacheco · Aires del Sol
• San LorenzoEdificio Bahamas
• LuqueComplejo Los Pinos
• Ciudad del EsteAires Los Lapachos

From Spain, with no outside intermediaries: the first conversation is with us, and everything that happens in Paraguay is handled by YBY Capital Paraguay S.A., our own company in Asunción.

1. 01

   First conversation · Day 1

   You tell us how much you want to invest and what you are looking for: rental income, capital growth or living there. At our office in Vega de San Mateo or by video call, wherever you are.

2. 02

   Projects and figures · Week 1

   We send you the brochures, floor plans and prices of the projects that suit you, and go through the payment terms and completion dates of each one with you.

3. 03

   Reservation · Once you decide

   You reserve the apartment you have chosen. YBY Capital Paraguay S.A., our company in Paraguay, reviews the project documents and represents you in Paraguay.

4. 04

   Purchase before a notary · Signing

   The purchase is formalised before a notary in Paraguay, with all documentation verified before you sign. We tell you in each case whether you can sign remotely or whether it is worth travelling.

5. 05

   Follow-up · During construction

   Payments follow each project’s schedule, and construction is monitored from Asunción with regular reports. You keep dealing with us, in English or Spanish.

6. 06

   Keys and beyond · Handover

   You receive your apartment. If you wish, we take care of letting and maintaining it from Paraguay and help you with the residency process.

Paraguay applies a standard 10% rate to both VAT and corporate income tax. Every tax situation is different, in Spain too: before you decide, we review yours with a tax adviser.

Paraguay has a permanent residency programme for investors (SUACE). If you are thinking of living there, or spending part of the year there, we advise you and handle the application together with YBY Capital Paraguay S.A., where it fits your plans.

Investing on another continent naturally raises questions. That is why every purchase is formalised before a notary in Paraguay, with the documentation verified before signing and in compliance with anti-money laundering regulations.

This is not an anonymous platform: you deal with a Spanish company, at our office in Vega de San Mateo (Gran Canaria) or by video call, working with its own subsidiary in Asunción. During construction you receive regular reports, and once completed we can handle letting and maintenance from Paraguay.