5 Best Golden Visa Programs in 2024

2. Paraguay

Minimum Cost of Investment Rank: 6

Time Required to Permanent Residency Rank: 1

Insider Monkey Weighted Average:  3

One of the cheapest and fastest paths to permanent residency, Paraguay’s Golden Visa is among the best programs available. The program simply requires the applicant to travel to the country, submit the necessary documents, and establish a company through an appointed SUACE office representative. An investment of US $70,000, spread over ten years, is required. Permanent residency is awarded to the applicant upon approval of their application, and citizenship is also available after 3 years, provided they can speak one of the two languages of the country and have memorized the national anthem.