How to send money to Paraguay in 2026: dollars or guaraní and free movement of capital
In 2026 dollars or guaraní reach your Paraguayan account within 5 business days, and major banks charge $35-40 for an incoming payment. A payment reference is enough below $10,000; above that, the bank asks where the money comes from and reviews statements, a property sale contract or income documents.
Central Bank of Paraguay rate on 7 October 2026: 5,751.99 guaraní per dollar, amounts rounded up. Rules checked on 8 October 2026.
Free capital under Law 117/91: how money reaches Paraguay
Article 6 of investment Law 117/91 lets capital move freely in and out of the country and lets dividends and interest be paid abroad, and in 2026 money reaches Paraguay in 3 main ways.
| Method | Status on 8 October 2026 | Currency | Cost | Time | What you need |
|---|---|---|---|---|---|
| Transfer to your own account in dollars or guaraní | works | dollars or guaraní | $35-40 per incoming transfer at major banks, $15 at one bank for amounts up to $300 | set by the bank | an account in your name, source-of-funds documents for a large amount |
| Payment in national currency from Brazil, Argentina or Uruguay through the MERCOSUR system | works | guaraní | $40 (220,000 guaraní) at one of the banks | set by the bank | an account at a Paraguayan bank |
| Money transfer service | works | guaraní or dollars | service tariff | minutes to one day | the recipient's passport |
If the sender pays all charges, the receiving bank does not deduct its fee; otherwise it comes out of the amount. Correspondent banks take their own fee, and any conversion uses the bank's rate. The rules of the sending country are covered in sending large sums abroad, and here we will suggest the best route for dollars to a Paraguayan account.
A dollar account in Paraguay: convert only what you spend
Dollar accounts are common in Paraguay in 2026, there is no mandatory sale of foreign currency, and the guaraní floats: the Central Bank only occasionally steps into the market to smooth sharp swings. That is why a large sum is better kept in dollars, converting to guaraní only what you spend.
When a large sum is exchanged, the gap in rates between banks matters more than the fee, so compare the rate at 2-3 banks. You can send money abroad at any time: the bank asks for the payment basis and source-of-funds documents, and a payment for goods goes through with the client's written consent to share the data with customs.
Sending money to Paraguay alongside a residence permit
In 2026 Paraguayan banks open a regular personal account against a Paraguayan identity card, which is issued after the residence permit, so the account is easiest to open together with it. Some banks open an account for the owner of a Paraguayan company or a non-resident with property in the country, based on the company or property documents.
| Who opens the account | How fast | What matters to the bank |
|---|---|---|
| Resident with a residence permit and identity card | fastest | identity card, address, income |
| Owner or director of a Paraguayan company | after the company is checked | company documents and its tax number |
| Non-resident with property in Paraguay | after the documents are checked | property documents, source of funds |
The bank checks the client under the rules of the Anti-Money Laundering Secretariat and asks for a Paraguayan address - a utility bill, a lease or a police certificate of residence - and, for income, a contract, payslips or tax returns. A manager will advise which route gets the money there faster in your case.
We will help you send money to Paraguay
Mistakes cost more than fees: a transfer to an account that is not open yet, a payment reference that does not match the contract, a large sum with no source-of-funds documents, an extra conversion of dollars into guaraní at a poor rate. We will help you avoid them: we choose the transfer route for your status and currency, gather the source-of-funds documents, link the transfer to your residence permit or property purchase and test the route with a trial payment.
Details and cost are with a manager in the chat: everything depends on the amount, the bank and your situation.
Interest free of tax: what is taxed in Paraguay
Sending your own money to Paraguay is not taxed, and interest on deposits at Paraguayan banks is exempt from personal income tax under Article 64 of Law 6380/2019. Exchange gains on foreign-currency deposits are not taxed either.
| Income or operation | Tax in 2026 |
|---|---|
| Transferring your own money from abroad | not taxed |
| Interest on deposits at Paraguayan banks | not taxed |
| Income from personal services in Paraguay | 8% up to $8,700 (50 million guaraní), 9% up to $27,000 (150 million guaraní), 10% above |
| Bank fees | 10% value added tax already included in the tariff |
Personal services income tax is not due if gross annual income is no more than $14,000 (80 million guaraní), but you still register and file a return. Paraguayan-source income is taxed: income from activities, property and rights used in Paraguay.
Deposits in guaraní and dollars are protected by the Deposit Guarantee Fund under Law 2334/2003: up to 75 minimum wages per depositor at each bank, which from 1 July 2026 is $40,000 (228.3 million guaraní).
From $10,000 to $200,000: what a Paraguayan bank will ask
At 3 levels of amount a Paraguayan bank asks for different things, and at each one the payment reference must match the documents.
| Amount | What the bank asks | What to attach |
|---|---|---|
| Up to $10,000, about 57.5 million guaraní | the payment purpose | passport or identity card, a clear payment reference |
| $10,000-70,000 | where the money comes from | statements, a property sale contract, inheritance or income documents |
| From $70,000 to $200,000 | the whole chain of funds and the purpose: an investment for permanent residence, an apartment | documents for every step; for large clients, a police clearance certificate and apostilled proof of address abroad |
Is the bank asking where the money comes from? A specialist will select documents a Paraguayan bank accepts. The papers that usually prove where money comes from are collected in proof of source of funds.
Investor permanent residence and transferring a large sum
Under Ministry of Industry and Commerce Resolution 283/2026, investor permanent residence is granted straight away, without a temporary residence permit: for investing from $70,000 in production with 5 jobs, from $150,000 in tourism or from $200,000 in financial instruments or income-producing real estate.
A large sum moves from your own account to your own account: the statement proves the source of funds both to the bank and to the notary handling the deal. More on the property in Paraguay page, and the legal routes for large capital are on the capital relocation page.
Moving to Asunción with $70,000 for investor residence: the route
An entrepreneur moves to Asunción and invests $70,000, about 403 million guaraní, in production with 5 jobs. The money follows 4 steps.
- Source-of-funds documents - apostilled statements and a property sale contract, before the first payment.
- Account - opened along with the residence status or through the company receiving the money.
- Dollar transfer - from your own account, with the investment contract as the payment reference.
- Investment - a payment to the company or supplier from the account, so the statement confirms the amount for permanent residence.
Paying neighbours from Asunción: Brazil, Argentina, the USA
Free movement of capital makes Paraguay a convenient base for payments to its neighbours: in 2026 money from here most often goes in 3 directions. An outgoing transfer goes through with a payment basis and source-of-funds documents.
- To Brazil: in reais through a currency exchange, including the MERCOSUR system.
- To Argentina: across the river from Asunción, with dollar accounts on both sides.
- To the USA: dollars go without conversion, straight from a dollar account.
Sending money to nearby countries
- Argentina - dollars with no mandatory sale
- Brazil - 0.38% tax on currency exchange
- Bolivia - floating boliviano rate
- Spain - a foreigner number comes first
- Costa Rica - colones or dollars, foreign income tax-free
- Uruguay - a dollar account with no conversion
All legal routes for moving capital are on the capital relocation page.
FAQ
Can I send more than $1 million a month to Paraguay from my own account?
Will a bank in Paraguay open an account without a Paraguayan identity card?
Is deposit interest taxed in Paraguay?
Does Paraguayan law allow capital to be moved abroad?
How much does an incoming transfer cost at a bank in Paraguay?
How much does the state guarantee on a deposit in Paraguay?
How much do you need to invest for investor permanent residence in Paraguay?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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