5 More Reasons Why Paraguay is the Perfect Base in Latin America
Even more reasons why Paraguay is such a good base in South America
When I last wrote about Paraguay, there were some other reasons that I wanted to highlight on why getting residency is such a good idea for digital nomads and globally minded individuals.
That article was already getting a bit long, so I am happy to present part 2.
5 More Reasons why you need residency in Paraguay
It’s Centrally Located
It’s sitting on top of one of the world’s largest Aquifers
A unique expat community
Business opportunities galore!
Affordable home construction
Centrally Located
As you can see on the map, Paraguay is smack dab in the middle of South America. Argentina, and Brazil are within spitting distance and anywhere else you’d want to go is just a few hours flight.
This makes getting in and out of Paraguay extremely simple.
It is a centrally located hub and as the airport expands flights will also become cheaper.
Buses are also an extremely affordable way to travel.
Luckily if you see yourself mainly traveling between southern Brazil and Argentina, bus travel is very manageable. Otherwise you’ll probably want to fly.
Depending on your travel habits you may want to consider getting a second hub, but for South America, the location doesn’t get better than Paraguay
The Guaraní Aquifer
Sadly there are still places in the world where access to clean and pure drinking water can be a problem.
Luckily this will never be a problem for Paraguay because they just happen to be sitting on top of the second largest aquifer in the world.
In fact there is so much water, that if it were the sole source of water in the region, there is enough water to last for 200 years.
200 years!
Prepers should forget about the Montana ranch and set up a base in Paraguay.
The natural resources in this part of the world are incredible.
The Expat Community
The foreigners who have chosen Paraguay as their home are a unique breed.
You will not find many woke or left leaning people down here.
Most foreigners that I have come across are staunch Libertarians.
Mixed in with a doomsday prepper mentality.
An emphasis on natural living
And a healthy dose of government skepticism and conspiracy theories.
They value freedom above all else and want to be independent and self sustaining.
Completely different from the foreigners in places like Mexico, Colombia, Brazil, or Dubai.
Paraguay also has even become a home for voluntary stateless individuals.
If you are more of the independent thinker type, you will find your tribe down here.
Business Opportunities
Look, I'll be straight with you.
Paraguay is a developing country and the infrastructure and services leave much to be desired.
Many services that you are accustomed to, simply do not exist here.
While this may seem like a negative, if you are an entrepreneur with some capital, it opens up many opportunities.
You could open the first (business, franchise, service, etc.) in the whole country.
There is such little competition here that it is ripe for someone with the right know-how and resources to come in and set up shop.
Whenever I meet up with my friends down here at least one new business idea is usually discussed.
If that wasn’t good enough, labor here is very cheap. You can get a full time employee for about $350/month.
This makes start-up costs much more accessible.
Things are certainly not as straightforward and efficient as the developed world, but there is less red tape, and if you have the patience then it presents a golden opportunity for the right kind of person.
Speaking of cheap labor…
Affordable Home Construction
If you’ve ever dreamed of being a homeowner and building your own home from scratch, then I’ve got news for you.
It can be done in Paraguay for less than $50,000
The main reason for that is the labor costs.
They are a mere fraction of what they’d be in the U.S. or Europe.
The main expenses will be the building materials and acquiring the land.
Many of the affluent people in Asuncion will actually own a weekend home outside of the city.
They’ll go there on weekends to escape the chaos of the city and be in nature, hang out in the pool, climb a cerro (big hill), have an asado (grilling), or trail riding.
For a little over $100,000 you could have a home out in the country and a small apartment in the city.
If you need help with real estate, I used to be a realtor here and still have some good connections. Feel free to schedule a consultation if you are interested in real estate or anything else related to life overseas and the logistics of making it a reality.
Until next time,
-Gringo Nick