Paraguay Tax Residency is ideal: you pay 0% on foreign income and stay compliant while you travel around the world. This option is the most convenient tax residency solution for digital nomads and location-free entrepreneurs. Finally, if you're wondering if you can open a personal USD checking bank account as a Paraguay Tax Resident, the answer is now YES! The visadb.io team has found a solution for our community: <a href="https://app.grabrfi.com/sign-up?invite-code=XCqz4AmiJAGm" rel="noopener noreferrer" target="_blank">Grabr Fi</a>. This modern solution helps people worldwide, including Paraguay, open a real US bank account&nbsp;without setting foot in the US or Paraguay. With just your phone and a few documents, you access a fully functional USD account, virtual and physical debit cards, and more. In this guide, learn&nbsp;how to open a US bank account from Paraguay with Grabr Fi, the benefits and requirements, and why it might be your best banking solution. <h2>Why open a US bank account as a Paraguay Tax Resident</h2> <a href="https://app.grabrfi.com/sign-up?invite-code=XCqz4AmiJAGm" rel="noopener noreferrer" target="_blank">Grabr Fi</a> welcomes users from Paraguay, including&nbsp;Paraguay tax residents, and provides a fully digital experience to open and manage your USD account.&nbsp; Why Grabr Fi is a convenient option for Paraguay Tax Residents: ✈️ No need to travel.🇺🇸 No need for a US address, visa, or SSN.🛂 No need to be a US citizen or resident.🧾 Receive payments from anywhere, platforms like PayPal, Upwork, or Deel.🪪 Sign up process in minutes. Meet the ID and verification requirements💳 Hold and spend in USD. No more worrying about exchange rates.&nbsp;📲 Forget paperwork. Everything, from sign-up to support, happens inside the Grabr Fi app.&nbsp; The solution is&nbsp;especially attractive&nbsp;if you:<ul><li>Earn income in USD (freelancing, remote work, etc.)</li><li>Need to receive payments from platforms like Upwork or Fiverr</li><li>Want to&nbsp;save money in USD&nbsp;against inflation</li></ul> <h2>How to open a US bank account as a Paraguay Tax Resident</h2> Step 1:&nbsp;<a href="https://app.grabrfi.com/sign-up?invite-code=XCqz4AmiJAGm" rel="noopener noreferrer" target="_blank">Sign up for Grabr Fi here.</a> You can also download the app. Available for iOS and Android.Step 2:Have your Paraguay Cedula and Tax ID ready to verify your identity. Fill in basic contact information and possibly take a selfie for verification.Step 3:Meet the ID and verification requirements. Take less than 5 minutes.Voilá! Once approved, you receive:<ul><li>A US account number and routing number</li><li>A virtual debit card&nbsp;</li><li>The option to order a physical debit card to use worldwide 🌍</li><li>Transfer funds from other&nbsp;bank accounts&nbsp;or services like Wise or Payoneer.</li></ul> Note:&nbsp;A human will manually review your application if&nbsp;not&nbsp;immediately approved. <h2>Why use Grabr Fi as a Paraguay Tax Resident?</h2> #1 Licensed &amp; RegulatedGrabr Fi partners with&nbsp;Piermont Bank, a US-based, FDIC-insured bank. That means your funds&nbsp;are protected&nbsp;up to $250,000, just like any traditional US bank account. #2 Serious SecurityIncludes features like&nbsp;two-factor authentication (2FA),&nbsp;bank-grade encryption, and&nbsp;real-time transaction alerts. #3 Global Community, Local SupportGrabr Fi serves thousands of users across Latin America and has built a reputation for&nbsp;reliable service, transparent fees, and responsive support. #4 No Hidden FeesUnlike many traditional banks, Grabr Fi keeps its fees super clear.&nbsp;There are&nbsp;no&nbsp;surprise maintenance charges or sketchy fine print. Grabr Fi is secure, legit, and built for freelancers, digital nomads, and remote entrepreneurs who acquired their Paraguay Tax Residency.&nbsp; <img src="https://firebasestorage.googleapis.com/v0/b/visadb-assets/o/articleassets%2Fhow-to-open-a-us-bank-account-for-paraguay-tax-residents-1744678862272.png?alt=media&amp;token=7fcda681-9b28-4109-9a6c-aeb41ee2315e"> <h2>FAQ About Opening a US Bank Account in Paraguay</h2> Here are some of the most frequently asked questions about Grabr Fi: 1. Can I receive USD payments with Grabr Fi?Yes! Grabr Fi provides a&nbsp;US account and routing numbers, like a regular US bank account. Receive and send payments&nbsp;in USD from clients, employers, or platforms. 2. Is there a minimum deposit to open an account?There is no minimum deposit to open your Grabr Fi account. Fund it however and whenever works best for you. 3. What are the fees for Grabr Fi?Grabr Fi is transparent&nbsp;with&nbsp;its fees.&nbsp;No&nbsp;monthly maintenance fees&nbsp;for your account.&nbsp;There is a small fee for international ATM withdrawals or currency exchanges. Always check the app for up-to-date fee details. 4. How long does it take to get my physical card?You get a&nbsp;virtual debit card instantly after signing up. The&nbsp;physical card takes 7–14 business days to be delivered. It depends on your location.Paraguay Tax Residents no longer have to find ways to access the US banking system. So, should you open a Grabr Fi account? If you are looking for&nbsp;convenient, low-cost banking&nbsp;that works for Paraguay Tax residents, Grabr Fi&nbsp;is worth considering.&nbsp;<a href="https://app.grabrfi.com/sign-up?invite-code=XCqz4AmiJAGm" rel="noopener noreferrer" target="_blank">Open your account today here.</a>

Learn how Paraguay residents can easily open a personal US checking bank account without visiting the US or Paraguay to send or receive international USD payments.

How to Open a US Bank Account for Paraguay Tax Residents

🚨 Read me if you are looking for alternative citizenship for US, UK, Canadian Residents, and more.🚨 Chile has become a popular destination for digital nomads, expats, and families looking to secure birthright citizenship for their children. Why? Chile offers unique advantages. The country has automatic citizenship by birth, a stable economy, and Latin America's strongest passport.&nbsp; In this article, you will learn what you need to know about citizenship, residency options, and why Chile might be the perfect fit for your family and lifestyle.&nbsp;This was created based on an AMA done by our Chilean expert, Matías, for <a href="https://www.facebook.com/groups/DigitalNomadsAroundTheWorld" rel="noopener noreferrer" target="_blank">the largest community of +195,000 digital nomads.</a> To contact our verified expert click below and open a case. Matías is ready to help you with your specific situation or doubts. {{service-SINGLE-66958d3b672fa0ed812a17e4}} <h2>Benefits of Chilean Birthright Citizenship</h2><h3>Does Chile have automatic citizenship for children born on Chilean soil?</h3>Yes. One of Chile's standout features is its policy of granting citizenship to all children born within its borders. It doesn't matter whether the parents are residents or not: the child automatically becomes a Chilean citizen.&nbsp;&nbsp; Rare exceptions exist but are so uncommon they are unlikely to affect most families. As confirmed by experts, even children born to non-resident, non-Chilean parents receive Chilean nationality.&nbsp; <h3>Is the Chilean passport a good option?</h3>Yes.&nbsp;Chile's passport is the strongest in Latin America&nbsp;and grants&nbsp;visa-free access to over 150 countries.&nbsp;It is the only passport in the region offering visa-free entry to the United States. This makes travel significantly&nbsp;easier, especially compared to countries like Colombia, where planning U.S. trips often takes years.&nbsp;&nbsp; <h3>Does Chile have economic and political stability?</h3>Yes. Chile's stable government has a strong economy and a secure environment for raising a family or acquiring residency.&nbsp;The country offers excellent healthcare, education, and infrastructure, making it a top choice. <h2>Paths to Residency for Digital Nomads and Expats</h2>Although Chile doesn't offer a specific "Digital Nomad Visa," remote workers and nomads can use several residency paths. <h3>What is the Rentista Visa for Chile?&nbsp;</h3>The Rentista Visa for Chile is perfect for those with a stable foreign income, such as freelancers, retirees, or remote workers. Requirements include:&nbsp;&nbsp;- Approx. USD 1,500/month per person (reduced for large families).&nbsp;&nbsp;- Proof of income stability.&nbsp;&nbsp; The Rentista Visa allows you to bring your family&nbsp;and leads&nbsp;to permanent residency and eventual citizenship. {{service-SINGLE-66e222e341fadb02adceca3f}} &nbsp;&nbsp;<h3>What is the Investment Visa for Chile?&nbsp;&nbsp;</h3>Ideal for investment in Chilean business. It's a practical option for entrepreneurs looking to establish themselves in Chile.&nbsp;&nbsp; <h2>Frequently Asked Questions (FAQs)</h2><h3>Will I have to file taxes on Foreign Income in Chile?&nbsp;&nbsp;</h3>No. During your first three years of residency, only Chilean-sourced income is taxable.&nbsp;You must submit a simple declaration of foreign income, but it won't be subject to taxation.&nbsp;&nbsp; <h3>Can I obtain a Certificate of Tax Residence?</h3>Yes. A certificate of tax residence can be issued to benefit from Chilean tax treaties with other countries.&nbsp;&nbsp; <h3>What visa should U.S. Citizens use to move their family to Chile?</h3>The Rentista Visa is the most straightforward option for U.S. citizens, requiring proof of foreign income.&nbsp; Other options, like employment or investment visas, can also be explored based on your needs.&nbsp;However, they have more specific requirements, like opening a business or&nbsp;having a job offer from a Chilean employer.&nbsp;&nbsp; Chile offers a unique combination of automatic birthright citizenship, flexible residency options, and global advantages.&nbsp; Make 2025 the year you invest in a brighter future for you and your loved ones. 🌎

Get Chilean citizenship by birth, offering the top passport in Latin America, plus easy residency options for digital nomads and expats in 2025.

Why Choose Chile for Birthright Citizenship and Residency in 2025 

Budapest is known as the Heart of Europe for good reasons. Hungary's capital's architecture, food, and nature are worth the stay, and if you're a digital nomad, this could be your ideal European destination. You can walk in its beautiful streets, relax in thermal baths, or get to know other surrounding countries due to its central location in Europe. Don't miss out on this nomad jewel! In this&nbsp;comprehensive guide, we explore&nbsp;the visa options available for digital nomads in Hungary, focusing on the White Card and the recently announced Golden Visa. Our immigration expert, Tibor, recently hosted an insightful Ask Me Anything (AMA) session for the best private community of digital nomads on Facebook,&nbsp;<a href="https://www.facebook.com/groups/DigitalNomadsAroundTheWorld" rel="noopener noreferrer" target="_blank" style="color: rgb(74, 110, 224);">Digital Nomads Around the World.</a>&nbsp;This exclusive event allowed members to ask detailed questions about Hungary's visa options directly from a verified immigration expert. In this article, we compiled the most frequently asked questions and answers about Hungary's visa options for digital nomads, offering practical advice for those looking to live and work remotely in this beautiful Central European country. 🏰 Have questions? Don't hesitate to contact Tibor by clicking below and on "Chat now." Fill in the form, and he'll get in touch with you. {{service-SINGLE-6380806c21a8348895992dab}} <h2>Hungary White Card: The Digital Nomad Visa</h2>What is the Hungary White Card or Digital Nomad Visa?The Hungary White Card, or Hungarian Digital Nomad Visa, is a residence permit designed for remote workers and digital nomads. It is one of the European digital nomad visas with the lowest income requirement of approximately 2000 USD monthly.&nbsp; Great news, right? What are the main benefits of obtaining a White Card or Digital Nomad Visa for Hungary?Here are a few reasons why you should apply for Hungary's White Card or Hungary Digital Nomad Visa:<ul><li>Legal residency in Hungary for up to two years after renewal</li><li>Ability to travel freely within the Schengen Area</li><li>Opportunity to experience Hungary's rich culture and central European location</li><li>Low-income requirement compared to other European digital nomad visas, which start at 3000 USD monthly</li></ul> How long is the Hungary White Card or Digital Nomad Visa valid?The Hungary White Card or Nomad Visa is initially valid for one year and can be renewed for an additional year, making the total possible stay up to two years in views like this:<img src="https://firebasestorage.googleapis.com/v0/b/visadb-assets/o/articleassets%2Fhungary-visa-options-for-digital-nomads-2024-guide-1725427343414.jpg?alt=media&amp;token=66ff4e75-ae7b-47b5-9150-09338b6e2930"> Does the Hungary White Card or Digital Nomad Visa contribute toward permanent residency (PR)?No, the duration of stay under the White Card doesn't count towards permanent residency. As Tibor explains, "A white card can be valid for 1+1 years. This duration is not part of the permanent residency." What are the requirements for the Hungary White Card or Nomad Visa?To be eligible for the Hungary Digital Nomad Visa, you must meet the following criteria:<ul><li>Proof of remote work or online business (you need to have a legal contract)</li><li>Minimum monthly income of around 2,000 EUR (one of the lowest in Europe for such visas)</li><li>Valid health insurance</li><li>Clean criminal record</li><li>Proof of accommodation in Hungary</li></ul> How long is the application for the Hungary White Card or Nomad Visa?The processing time for the White Card application is usually around 30 days, provided all required documents are submitted correctly. Are there any language requirements for the Hungary White Card or Nomad Visa?No, there are no language requirements for obtaining the White Card. As Tibor confirms, "No, there aren't any." Can I bring my family with the Hungary Digital Nomad Visa?Yes. You can bring your family members (spouse and dependent children)&nbsp;with you. They will need to apply for their residence permits as dependents. <h2>Taxation and Banking with the Hungary White Card or Digital Nomad Visa</h2>How are taxes managed with the Hungary White Card?Tibor explains, "If you stay in Hungary for more than 180 days, you must pay taxes according to the Hungarian tax system. The personal income tax is paid here on 15%."&nbsp;So, if you become a tax resident in Hungary (by staying for more than 183 days in a calendar year), you'll be subject to Hungarian taxes on your worldwide income. What is the process for opening a local bank account in Hungary as a digital nomad?Opening a bank account in Hungary is relatively straightforward once you have a residence permit like the White Card.&nbsp;These are some of the documents that bank institutions like OTP Bank, K&amp;H Bank, and Erste Bank might request:<ul><li>Your passport</li><li>Your White Card (residence permit)</li><li>Proof of address in Hungary (rental agreement or utility bill)</li><li>Tax identification number (which you'll receive when you register your address)</li></ul> If I stay less than 180 days as a digital nomad, do I have to pay taxes in Hungary?If you stay less than 180 days in a calendar year, you're not considered a tax resident in Hungary. In this case, you generally don't have to pay taxes on income from foreign sources.&nbsp;However,&nbsp;it's always advisable to consult&nbsp;with a tax expert to understand your obligations. <h2>Hungary Golden Visa in 2024</h2>After two years, what options open up if someone wants to stay longer in Hungary?Tibor advises: "The Hungary White Card cannot be extended&nbsp;beyond one extra year, but it is possible to apply for a residence permit for self-employment, employment, or study purposes. Moreover, no special permit is needed to establish a company."&nbsp; It means that after your White Card expires, you have several options to continue your stay in Hungary:1. Self-employment residence permit:&nbsp;If you've established a business in Hungary or work as a freelancer for Hungarian clients.2. Employment residence permit:&nbsp;If you get a job with a Hungarian company.3. Student residence permit:&nbsp;If you decide to pursue studies in Hungary.4. Establish a company:&nbsp;You can set up a Hungarian company and apply for a residence permit as the company's manager. In 2024, the government of Hungary announced the Golden Visa Program for investors who want to acquire residency in the country. What is the Hungary Golden Visa?The Hungary Golden Visa is a recently announced program that offers a practical option for those looking to get long-term residency in the country through investment.&nbsp;This program is perfect for those who want to establish a long-term presence in Hungary. What are the requirements for the Hungary Golden Visa?Tibor explains, "You can obtain a 10-year residence permit if you can purchase a real estate investment bond worth €250,000. Starting from January 1, 2025, you can also achieve it by purchasing a property, but in that case, you need to buy real estate worth €500,000." Can the Hungary Golden Visa lead to citizenship?Yes, the Golden Visa can potentially lead to citizenship.&nbsp; Tibor confirms: "You can apply for naturalization after eight years of residence in Hungary."&nbsp; After holding your Golden Visa for eight years, you may qualify to apply for Hungarian citizenship. Note that this is subject to meeting other naturalization conditions, such as language level and integration. What are the Hungarian taxation rates for Golden Visa holders, especially for foreign income?Golden Visa holders are subject to the same tax rules as other residents if they become tax residents (staying more than 183 days in a calendar year).&nbsp;Hungary's personal earnings tax rate is a flat 15% on worldwide revenue.&nbsp; However, Hungary has a favorable tax treatment for foreign-sourced income. We encourage you to consult with a tax specialist for your situation. <iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/qUHjLbobEWk?showinfo=0"></iframe> <h2>Living in Hungary as a Digital Nomad</h2>Where can digital nomads find accommodation in Hungary?Popular platforms for finding accommodation in Hungary include:<ul><li>Ingatlan.com: A widely used Hungarian real estate website</li><li>Alberlet.hu: Specializes in rental properties</li><li>Airbnb: Good for short-term stays while you look for long-term options</li><li>Facebook groups: There are several groups for digital nomads in Hungary where people often post housing opportunities</li></ul> Many digital nomads start in Budapest, the capital city, which offers a vibrant expat community and numerous co-working spaces. Other popular cities include Debrecen, Szeged, and Pécs. 😍 What is the cost of living in Hungary for digital nomads?Hungary offers a relatively affordable cost of living compared to many Western European countries.&nbsp; In Budapest, you can live comfortably on about €1,000-€1,500 per month, including rent, food, and entertainment. Costs are generally lower in other Hungarian cities. How is the healthcare system in Hungary for digital nomads?Hungary has a public healthcare system that residence permit holders can access. However, many visitors prefer private health insurance to access English-speaking doctors and certain facilities.&nbsp; Remember, you must have&nbsp;health insurance for&nbsp;the White Card and Golden Visa. What should digital nomads know about local customs and etiquette in Hungary?Here are five tips you should consider when staying in Hungary:<ol><li>Hungarians often greet friends with two kisses on the cheeks</li><li>It's customary to say "Egészségedre" (cheers) before drinking</li><li>Tipping is typical in restaurants, usually around 10%</li><li>Hungarians take their shoes off when entering homes</li><li>Learning a few basic Hungarian phrases is greatly loved by locals</li></ol> {{service-SINGLE-6380806c21a8348895992dab}} The visa options and regulations in Hungary offer good opportunities for digital nomads. If you want personalized advice, don't hesitate to contact Tibor: he's ready to help you reach your dreams of working remotely from any Hungarian city. Hungary is a true central European charm with modern amenities. See you there? ♥️

Learn about Hungary's visa options for digital nomads: White Card (Nomad Visa) and Golden Visa. Learn about requirements, taxes, and long-term residency in this EU country.

Making Immigration
easy for 7B people

Here’s how it works

Search

Hire

Move

How much visadb.io platform cost

User

Expert

How we verify Experts

1. Expert requests to join Visadb

2. We verify the details and perform a background check

3. We verify the expert is competent and qualified

4. We onboard them 🎉

Free database and tools we offer

840 visa database

Talent Migration Maps

Global Skills Demand

We are funded and supported by

Awards we have received

UNWTO Top 10 Innovation award

IOE + Seedstart Global Migration Challenge

Poland Prize + MIT CEE Top 10 startups

Clipster Innovation Challenge winner

Our Mission

Latest from our blog

Taxation . 5 min read

Visa . 4 min read

Visa . 12 min read

Danish Soomro

Got any questions?

United States HQ

Contact

Follow us

Making Immigrationeasy for 7B people