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 PY flagParaguay

Latin America

SK flagSlovakia

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.Slovakia offers EU residency and corporate structures with a stable regulatory environment and competitive costs. Bordercase coordinates with licensed Slovak partners for filings.
Best for
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
  • Founders
  • EU access
  • Cost of living
CurrencyPYGEUR
LanguageSpanish / GuaraníSlovak
Time zoneUTC-4UTC+1
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.

Slovak residency routes:

  • Employment-based residence
  • Start-up visa - innovative businesses
  • Business / self-employment
  • 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.

S.R.O. (private limited) is the standard entity, with relatively low minimum capital and well-established formation processes. VAT registration depends on activity.

Banking

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

Resident banking is straightforward; corporate banking varies by activity. Bordercase coordinates introductions for cross-border cases.

Family

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

Family reunification is supported. International schools are available in Bratislava.

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 Slovakia:

  • Tax residency triggers
  • VAT registration timing for cross-border services
  • Processing variations between districts
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 Slovak residency documents:

  • Passport
  • Criminal record certificate
  • Proof of address
  • Health insurance
  • Employment or business documentation
  • Family certificates with apostille and translation

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