🇵🇾 Paraguay vs 🇹🇭 Thailand
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇾 Paraguay | 🇹🇭 Thailand |
|---|---|---|
| Tax System | Territorial | Territorial (changing) |
| Income Tax (Foreign) | 0% (foreign income) | 0-35% (local income) |
| Capital Gains Tax | 0% (foreign assets) | 0% (foreign, if not remitted) |
| Corporate Tax | 10% | 20% |
| Residency Requirement | $5,000 bank deposit | LTR Visa ($80k/year income) |
| Minimum Stay | None required | 180 days for tax residency |
| Cost of Living | Very Low ($800-1,500/mo) | Low ($1,200-2,500/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
🇹🇭 Thailand
Highlights
- ✅Amazing lifestyle
- ✅Low cost of living
- ✅Great food and culture
- ✅Digital nomad friendly
- ✅Good healthcare
Considerations
- ⚠️Tax rules changing in 2024
- ⚠️Visa can be complex
- ⚠️Language barrier
Best For
- 👤Lifestyle seekers
- 👤Digital nomads
- 👤Retirees
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 Thailand if: You prioritize amazing lifestyle and low cost of living. Ideal for lifestyle seekers, digital nomads, retirees.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.