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 PY flagParaguay

Latin America

RO flagRomania

Europe

OverviewParaguay offers one of the more accessible residency routes in Latin America for individuals seeking a second residence. Bordercase coordinates with licensed Paraguayan partners for filings.Romania is an EU member state with structured residency routes, accessible company formation, and competitive costs for founders and remote professionals. Bordercase coordinates with licensed Romanian partners.
Best for
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
  • Founders
  • Digital nomads
  • EU access
  • Cost of living
CurrencyPYGRON
LanguageSpanish / GuaraníRomanian
Time zoneUTC-4UTC+2
EU memberNoYes
SchengenNoYes
Residency

Paraguay residency routes:

  • Permanent residency via proof of solvency / qualifying income - the standard route
  • Family inclusion on the main application

Physical-presence requirements are relatively low compared to other jurisdictions.

Romanian residency routes:

  • Employment-based residence (including the Blue Card)
  • Digital Nomad Visa - remote workers
  • Business / investor routes
  • Family reunification
  • EU citizen-derivative routes
Company setup

SRL (Limited Liability) and SA (Joint Stock) structures are available; entity setup is well-supported by local partners. Substance and reporting requirements should be confirmed at setup.

SRL (limited liability) is the standard structure. Formation involves notary and trade registry. Microcompany tax regime may apply for small businesses with eligible activities.

Banking

Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.

Personal and corporate banking for residents is broadly accessible. Bordercase coordinates introductions for non-standard cross-border structures.

Family

Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

Family reunification is supported. International schools (English, French, German) are concentrated in Bucharest, Cluj, and Timișoara.

Risks

Risks Bordercase watches for in Paraguay:

  • Residency vs tax residency confusion
  • Document apostille and translation requirements must be tracked carefully
  • Some originating countries are subject to additional scrutiny
  • Real-world banking outside Paraguay may not change because of Paraguayan residency

Risks Bordercase watches for in Romania:

  • Tax residency triggers
  • Microcompany regime eligibility
  • Processing variations between counties
  • Schengen entry / exit rules now apply
Documents

Typical Paraguay documents:

  • Passport
  • Criminal record certificate (origin country + any country of residence in last 5 years)
  • Marriage / birth certificates for family
  • Proof of income or solvency (savings / pension / business)

All documents apostilled and translated to Spanish.

Typical Romanian residency documents:

  • Passport
  • Criminal record certificate
  • Proof of address
  • Basis for residence
  • Health insurance
  • Family certificates

Apostilled and translated to Romanian.

Country pages stay the authoritative source. This view is a side-by-side; nothing here promises a particular outcome.