Latin America's Best
Value Play.
A frontier economy with investment-grade credentials. 0% tax on foreign income. 41% below the Latin American average. The infrastructure is in place — the crowd hasn't arrived yet.
41%
Below Regional Prices
0%
Tax on Foreign Income
#1
Global Tourism Growth
Baa3
Moody's Investment Grade
Three Projects. One Contact.
These aren't listings that sit on the market. Apartments in Asunción sell in 40–50 days. Once these are gone, they're gone. Here's what's still available:
Park Lofts Tower
Av. Santa Teresa • Asunción's Most Exclusive Address
Campus I
Loma Pytã, Asunción • Student Residence
Casas Bali
Paraguay • Your Own Villa • Not Listed Anywhere Else
Paraguay Is Moving.
This is what frontier energy looks like: investment-grade ratings from Moody's and S&P, 0% foreign income tax, 53% tourism growth, and real estate priced 41% below the regional average. The fundamentals are institutional. The window is still open.
Investment-Grade Foundation
Paraguay received a Baa3 investment-grade rating from Moody's in July 2024 — rare for a frontier economy. Two decades of fiscal discipline, no sovereign default, low public debt. The backbone of a country on the rise.
Frontier Pricing
Apartments in Asunción trade at 41% below the average of other Latin American capitals. This is what a frontier market looks like before the repricing — not distressed, just undiscovered.
0% Foreign Income Tax
Paraguay's territorial tax system means zero tax on foreign-sourced income. Maximum 10% tax rate overall, with just 5% on rental income. A true investor's haven.
#1 Tourism Growth Worldwide
Paraguay ranked #1 worldwide in Q1 2025 (UN Tourism Report) with 53% growth in international arrivals. Frontier energy in its purest form: a country the world is suddenly paying attention to.
Extreme Liquidity
Apartments sell in 40–50 days on average and rent within 20–35 days. Strong demand and high market liquidity reduce your risk.
Easy Residency
Minimal requirements (birth certificate + criminal record). No minimum stay required to maintain residency. Low cost of living, warm climate, and vibrant modern city life.
Paraguay Is Not Getting Cheaper.
It Is Getting More Valuable.
This is the definition of a repricing.
Paraguay Residency Applications — Demand Curve
Those who move early, win.
Every comparable Latin American market that crossed the investment-grade threshold experienced a decade of sustained property price appreciation: Lima after 2007, Montevideo after 2012, Santiago in the early 2000s. Paraguay crossed that threshold only recently — and the Investor Pass is likely to accelerate demand further.
Historical price trends in other markets are not indicative of future performance in Paraguay. Real estate investments carry risk. This section is for contextual purposes only and does not constitute investment advice.
Paraguay Investor Pass — Direct Permanent Residency
Paraguay's Ministry of Industry and Commerce has launched the Investor Pass: qualified foreign investors receive a direct permanent residence permit through real estate investment — no temporary visa stage, no years of waiting, largely electronic processing. Combined with Moody's and S&P Investment Grade (Dec. 2025): Paraguay is now globally institutionally recognized.
0% foreign income tax · 10% flat domestic rate · 8% dividends (vs. regular 15%) · No German citizenship renunciation required · Mercosur residency rights in 8 countries
Ask about the Investor Pass →Moody's Baa3 and S&P BBB− are sovereign credit ratings for the Republic of Paraguay (Dec. 2025) and do not constitute an endorsement of any investment product. Investor Pass requirements are subject to change without notice. Independent legal advice recommended.
Park Lofts Tower
101 meters tall. The most prestigious address in Asunción. Currently under construction by Benitez Bittar — one of Paraguay's largest construction firms, behind the country's tallest building. Units available — contact us for current details.
- 101m luxury tower — Asunción's premier address
- German Grohe shower and faucet fixtures
- Samsung AC and premium electronics
- Double-glass PVC frame windows
- Real wood doors throughout
- 3 high-speed Otis elevators
- Adjacent to Paseo la Galeria, WTC, and Shopping del Sol
- Built by Benitez Bittar (300,000m² under construction — incl. Distrito Perseverancia)
Walk to Everything That Matters
The tower sits at the intersection of Avenida Santa Teresa and Aviadores del Chaco — Asunción's prime commercial corridor. Paseo la Galeria, World Trade Center, and Shopping del Sol are all within a 5-minute walk.
Casas Bali
Imagine waking up in your own Bali-inspired villa — private pool, tropical garden, open-air living — except you're in one of the fastest-growing economies on Earth. This isn't a vacation. It's your life.
- 80m² private villa with your own garden and pool
- Bali-inspired architecture — natural wood, stone, open spaces
- Rooftop terrace with panoramic tropical views
- Premium finishes throughout — spa-like bathrooms
- Indoor-outdoor living designed for year-round warmth
- Pricing and availability on request only
Campus I
Already built. Already furnished. Already earning. Acquire a fully managed unit and receive rental income from your first month of ownership — with zero construction risk.
What You're Buying
A 27m² turnkey studio unit in a fully operating student residence building. Everything is already done — the unit is furnished, rented, and managed. You buy, sign, and collect.
The UMAX Ecosystem
UMAX is Paraguay's largest medical university — drawing over 4,500 Brazilian students who cross the border specifically to study medicine. These students commit to a 6-year program and need accommodation within walking distance of campus.
Campus I sits 100 meters from the entrance. There are not enough beds. That structural undersupply is your structural tailwind as an investor.
Building Amenities
100 Meters From the University
Campus I sits in Loma Pytã — the university district of Asunción. The university has exploded from 2 to 12 stories in 5 years. You're not just buying a unit — you're buying into a structurally undersupplied ecosystem.
Robin Loths
German-born entrepreneur and founder of Stuttgart Capital E.A.S., based in Asunción, Paraguay. Builder of companies reaching eight-figure revenues within their first year of operation.
Robin holds two diplomas from the Bolsa de Valores de Asunción (Securities Markets and Financial Derivatives) and has been featured in Forbes Paraguay and national business media. All properties presented on this site are exclusive Stuttgart Capital mandates.
Connect on LinkedIn →“Park Lofts marks a new milestone in local real estate with an ambitious US$ 10 million project”
Read article →“Investments: From Europe to Paraguay” — featured as a key voice on international capital flows.
Watch interview →Two diplomas from Paraguay's Stock Exchange: Diplomado en Mercado de Valores (2023) and Diplomado en Derivados Financieros (2025).
Recognised among Paraguay’s top 100 financial executives.
Frequently Asked Questions
Can foreigners buy property in Paraguay?
Yes. Paraguay has no restrictions on foreign property ownership. Non-residents can purchase real estate with the same rights as Paraguayan citizens. The process typically involves a notarized contract and registration at the public registry. No special permits or visas are required to own property.
How does the purchase process work for foreign buyers?
More straightforward than you might expect. The purchase agreement is notarized and registered with the Registro Público. Payment is flexible — you can pay from Paraguay, Europe, or the United States, in various currencies and via local or international bank transfer. Signing can be done digitally or in person in Asunción. You do not need to travel to complete the purchase. We guide you through the entire process and can connect you with local legal support.
What is the tax on rental income in Paraguay?
Paraguay uses a territorial tax system, meaning foreign-sourced income is taxed at 0%. Rental income from Paraguayan property is taxed at approximately 5%. The maximum overall tax rate is 10%, making Paraguay one of the most tax-friendly jurisdictions for international real estate investors.
Who manages the property after purchase?
It depends on the project — Campus I, for example, is 100% hands-off. The building is operated by a professional hotel manager through a managed rental pool: leasing, maintenance, and day-to-day operations are handled entirely without your involvement. You buy, sign, and receive your rental income. For other projects, we discuss the management structure individually.
How much does an apartment cost in Asunción?
Turnkey student housing apartments start from approximately $55,000. Premium tower residences range higher depending on size and location. Asunción's property prices are estimated to be roughly 41% below the average of other Latin American capitals, representing significant value for investors.
How are rental proceeds paid out?
Payouts go to a Paraguayan bank account. For properties operated through Airbnb or Booking.com, international payouts are also possible. Opening a bank account in Paraguay is generally straightforward once you have your Cédula (residency permit) — and can often be done entirely via app, for example with Ueno Bank. We support our clients through the entire process.
Is Paraguay a good country for real estate investment?
Paraguay received a Baa3 investment-grade rating from Moody's in July 2024, signaling macroeconomic stability. It was ranked the #1 tourism destination worldwide in Q1 2025 by the UN Tourism Report with 53% growth in international arrivals. Combined with 0% foreign income tax, low property prices, and strong rental demand, Paraguay presents a compelling case for real estate investors.
Is financing available, or is it cash only?
The majority of finished or high-demand properties in Paraguay sell for full payment upfront. For some projects still under construction, short-term installment plans may be available. Long-term mortgage financing is generally not accessible to most foreign buyers through local banks — unless they can demonstrate a stable and continuous local income stream, such as an existing local employment contract or comparable local income.
What rental yield can I expect in Paraguay?
Estimated gross rental yields for turnkey apartments in Asunción range from approximately 7–10%, with estimated net yields of 5–7% annually after management fees and taxes. These figures are based on current market conditions and historical performance, and are not guaranteed. Individual results may vary.
How safe is Paraguay for investors?
Paraguay is fundamentally a solid country for foreign capital: strongly capitalist, politically centre-right, with low crime rates and consistent economic stability and growth — recognized by investment-grade ratings from both Moody's and S&P. That said, as anywhere: take good advice and consult multiple sources. Project selection is critical. Stick to solid developments that are already completed or actively under construction. For finished properties, insist on a registered title. For buildings under construction, the title can only be formally filed after completion — but you already acquire the legal right to future titling from the point of purchase. When in doubt, we recommend consulting a notary active in this field. We are happy to make the introduction.
What does the territorial tax system mean for me in practice?
Paraguay taxes only income earned within Paraguay — not global income. This sets it apart from many countries that tax their residents on worldwide earnings regardless of where the income was generated. It makes Paraguay a genuinely attractive tax jurisdiction for investors and digital nomads. Tax matters should always be discussed with a qualified tax advisor — ideally one specializing in international tax law. Nothing here constitutes tax advice.
Do I need a bank account in Paraguay?
Not strictly necessary — but advisable. Paraguay has comparatively solid banks for the region. An account here can be attractive for investors: accounts are available in USD, Guaraníes (PYG), and in some cases EUR. The Paraguayan Guaraní has not only held its value against the US Dollar in recent years but has in some periods appreciated. Past currency performance is not indicative of future results. Please consult a financial advisor for individual guidance.
How do I get residency in Paraguay?
Paraguay offers one of the simplest residency processes globally. Basic requirements include a birth certificate and criminal record check. There is no minimum stay requirement to maintain residency, making it ideal for investors who don't plan to relocate full-time. The cost of living is low and the subtropical climate is warm year-round.
Does purchasing a property automatically qualify me for the Investor Pass?
The program is brand new as of April 2026 — the relevant authorities have not yet finalized the exact qualifying criteria. What has been announced is that investors must invest a total of USD 200,000 in Paraguayan real estate to qualify for the fast-track permanent residency route. All details are subject to change. Stuttgart Capital E.A.S. accepts no liability for the accuracy or completeness of this information. Please consult a specialized legal firm for binding guidance.
Do I need to travel to Paraguay to complete the purchase?
For the property purchase itself, no travel is required — the contract can be signed digitally. For a residency application, a personal appointment with the relevant Paraguayan immigration authority is generally required. We recommend planning a short stay of a few days to coordinate all necessary steps, and we support our clients through the entire process.
Three Projects.
One Contact.
Our advisors will walk you through every available opportunity — discreetly, without obligation, and at your pace.
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