“Paraguay is a hidden jewel for bitcoiners and digital nomads”

In the great geopolitical board in which the world has become, where nations move their pieces to increase control, some players have decided to leave the game. Instead of appreciating increasingly strict rules, they are looking for a completely new scenario. And, for many, that new place is in Paraguay, a country that offers fiscal freedom and other benefits that make it a “hidden jewel”, a strategic destination for bitcoiners, digital nomads and freedom seekers.

For Jan Kotas, a co -founder Czech developer of the Bitcoin Paraguay community, which has found in the South American country is a mixture of pragmatism and philosophy. “Paraguay gives you many benefits,” he explains in The Stephan Livera podcast. “You can optimize your taxes, get a high degree of freedom and live life in your own terms.”

This attraction was not evident five years ago because Paraguay did not appear in the “map of sovereignty.” However, from 2020, something changed, and The country began to attract a vibrant community of expatriates and digital nomadscreating an ecosystem in full boiling.

The main hook of Paraguay is its territorial tax system. This means that, with the fiscal residence, the Paraguayan State does not tax the income generated outside the country.

“You can create a really efficient fiscal structure with the fiscal residence in Paraguay and, for example, a llc of the USA.” Kotas explained.

The mention of a “llc of the USA.” It is essential to understand the strategy of many digital nomads. A LLC (Limited Liability Company) is a limited liability company. It is a tool that allows a digital nomad to invoice global customers through a LLC and not pay taxes in Paraguay for that income.

The Bitcoin community: an anchor on Paraguayan soil

Additionally, if taxes are bait, The Bitcoin community is the anchor that makes many remain. Kotas, who arrived in Paraguay with the intention of obtaining his residence and continuing to travel, found a circle of people with related ideas.

“I had never happened to being surrounded by people who think of the same problems, who are not great friends of the State and are defenders of freedom,” he confessed.

Beyond the tax benefits, Kotas highlights the personal impact of the community: “I really found my place.”

This support network materialized in Bitcoin Paraguay, A community that organizes workshops, monthly meetings that congregate more than 150 people and collaborates with educational initiatives such as “my first bitcoin” of El Salvador.

According to Kotas, who arrive in the country can be divided into three categories:

• -Busters of a “plan B”: people who obtain residence as an insurance policy, but do not move.

• -Digital nomads: people who spend a few months a year in the country to maintain tax benefits and continue to travel.

• -The full time exported: they establish their main base in the country, attracted by the Bitcoin community and its lifestyle.

The banking system, an impulse for the adoption of Bitcoin

Of course, not everything is perfect. Paraguay demands concessions. “If you compare it with Western societies, infrastructure is definitely not so developed,” Kotas admits. Security, as in much of Latin America, depends on the area. There are modern and safe neighborhoods in the capital, Asunción, where the community of expatriates is concentrated, but precautions must be taken.

The greatest friction point is the banking system. Local banks are “quite hostile with Bitcoin and cryptocurrencies,” and Paraguay, not being a member of the CRS (a global system that forces banks to report fiscal information to the countries of origin of their clients), faces difficulties for Fiat currency transfers.

Paradoxically, This bank hostility promotes the use of bitcoin and other digital assets. «There are many real estate investors who simply send Stablecoins. You can buy a property with Bitcoin or USDT, ”said Kotas, something unthinkable in most European countries.

The rise of Paraguay makes more sense when observing the global panorama. While the European Union debates measures such as “control” and hardens financial surveillance, Paraguay offers a respite. For Kotas, the country benefits from attracting “highly qualified people” who invest locally, create businesses and contribute to a growing economy.

For all this, There are more and more bitcoiners appreciating the benefits of Paraguay. This country is a place where individual sovereignty is a tangible reality and under construction, as Kotas highlighted.

Paraguay, a jewel for bitcoiners and miners in search of freedom

The Bitcoin community is a fundamental pillar, but Paraguay is also attracting other actors such as Bitcoin miners, who see in the country an ideal shelter due to their abundant hydroelectric energy.

Also the South American country is the fate of some Venezuelan miners, facing regulatory uncertainty in their country.

Fernando Arriola, head of the Blockchain division of the Paraguayan Chamber of Fintech, told cryptootics that Paraguay is attracting Bitcoin miners, including Venezuelans that flee from regulatory uncertainty, thanks to its abundant hydroelectric energy.

In such a way that in Paraguay we work with the idea of converting its energy surplus into a magnet for the Bitcoin mining industry. And, while other nations discuss the consumption of the network, Paraguay puts a competitive price and opens its doors.

At the same time, his welcome to Venezuelans underlines a vision that goes beyond business. The message is clear: in a world of scarce resources and doors that close, Paraguay is committed to being an abundant place of energy and open opportunitiesconsolidating its status as a hydroelectric power, and also as a nascent power of freedom.