🇵🇾 Paraguay vs 🇭🇰 Hong Kong
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇾 Paraguay | 🇭🇰 Hong Kong |
|---|---|---|
| Tax System | Territorial | Territorial |
| Income Tax (Foreign) | 0% (foreign income) | 0-17% |
| Capital Gains Tax | 0% (foreign assets) | 0% |
| Corporate Tax | 10% | 16.5% |
| Residency Requirement | $5,000 bank deposit | Investment or employment |
| Minimum Stay | None required | 180 days recommended |
| Cost of Living | Very Low ($800-1,500/mo) | Very High ($4,000-7,000/mo) |
🇵🇾 Paraguay
Highlights
- ✅Zero tax on foreign income
- ✅Easy permanent residency
- ✅No minimum stay requirement
- ✅Low cost of living
- ✅Path to citizenship in 3 years
Considerations
- ⚠️Limited international banking
- ⚠️Spanish language barrier
- ⚠️Developing infrastructure
Best For
- 👤Digital nomads
- 👤Remote workers
- 👤Crypto investors
- 👤Retirees
🇭🇰 Hong Kong
Highlights
- ✅Zero capital gains
- ✅Low income tax
- ✅Global finance hub
- ✅Gateway to China
- ✅Common law system
Considerations
- ⚠️Political uncertainty
- ⚠️Expensive property
- ⚠️Crowded
Best For
- 👤China business
- 👤Finance
- 👤Entrepreneurs
Which Should You Choose?
Choose Paraguay if: You prioritize zero tax on foreign income and easy permanent residency. Ideal for digital nomads, remote workers, crypto investors, retirees.
Choose Hong Kong if: You prioritize zero capital gains and low income tax. Ideal for china business, finance, entrepreneurs.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.