{"id":2927,"date":"2022-06-10T11:55:00","date_gmt":"2022-06-10T11:55:00","guid":{"rendered":"https:\/\/tucanoprod.com\/?p=2927"},"modified":"2022-06-10T11:56:46","modified_gmt":"2022-06-10T11:56:46","slug":"higher-minimum-salary-in-paraguay-higher-deposit-during-immigration","status":"publish","type":"post","link":"https:\/\/tucanoprod.com\/en\/higher-minimum-salary-in-paraguay-higher-deposit-during-immigration\/","title":{"rendered":"Higher minimum salary in Paraguay – higher deposit during immigration"},"content":{"rendered":"

[bookly-search-form][bookly-search-form]The minimum monthly salary will increase by 11% from July 2023 to 2.2550.000 Gs, according to ABC<\/a>. Naturally, sooner or later, the Migrations will adjust the deposit amount to the new minimum salary.\u00a0<\/span><\/p>\n

How does increasing the minimum salary affect your permanent residency permit process in Paraguay?<\/span><\/h2>\n

During the permanent residency process in Paraguay, you must prove your solvency. The most common way to do that is a deposit equal to a predetermined amount, which is enough for you to survive. The proof of solvency is now (10.6.22) the minimum salary for 350 days, 30.817.850 Gs (guaranies).\u00a0<\/span><\/p>\n

This is the amount you will deposit to prove your solvency and withdraw it upon receiving the permanent residence permit. There are other ways to prove your solvency<\/a> as naturalising degrees or showing pension documents, investment through SUACE, etc. However, most of the new settlers in Paraguay prefer to deposit in the National Bank. (btw, you will lose some money during the exchanges and other banking operations related to your deposit, but not a lot)<\/span><\/p>\n

The deposit amount is regularly adjusted to the minimum salary changes, which happened in July 2021 as well.\u00a0<\/span><\/p>\n

How many times should you pay for the deposit?<\/span><\/h2>\n

It is not that simple if there are more applicants, even if they are one family. Let’s see some examples:<\/span><\/p>\n