Paraguay V Argentina, Lifestyle And Taxes

#13
Is there a legal problem?

Well, Paraguay is the far west.

Same language and religion is not the same culture.
Could you elaborate on some of the differences? Much appreciated. A Paraguayan once told me that he considers Brasileros similar to Americans and Argentinos similar to Europeans. I heard Paraguay has more Native American roots, i.e. Guarani. That seems rather interesting.
 
#15
I'm a single parent in my 30s and would like to live in Argentina with my kids. My business will continue to run a few more years and provide income but probably I will soon be solely relying on passive earnings from investments mainly in Asia. My total assets are currently about 2 million USD. .

What would the total expected annual budget be for a simple but secure lifestyle in a not too expensive area?
Here are two threads which I believe you will find informative:

Is $2 Million Usd Enough To Retire With In Argentina?

$1 Million Usd To Spend In Bsas - How Long Can It Last?

If my hunch is correct, you are already familiar with their content.
 
#16
Thanks for the input. What do you think a reasonable monthly amount would be? I am assuming no housing costs as I would buy a place. I have 3 children so it would be for 4 people.

USD | Item
-
750 Food (no restaurants)
500 Transportation (I would get a new car but not upgrade it for 10 years, amortization plug gas, insurance, maintenance)
70 Electric
20 Water
100 Internet
200 Medical
300 Other, e.g. clothing, entertainment
-
1940 Total

Please convert all figures to pesos at $16 per dollar..

750 Food (no restaurants)

$400 PESOS PER DAY FOR 4 PEOPLE IS JUST A MINIMUM NO CLEANING PRODS AND HOUSEHOLD MAINTENANCE ITEMS ? TOILETRIES... TOO LOW . ADD CLEANING LADY $500 PESOS..!! A WEEK?

500 Transportation (I would get a new car but not upgrade it for 10 years, amortization plug gas, insurance, maintenance)

$8000 PESOS PM ?? SAY INSURANCE $1500 , LICENSE PLATES $1500 GAS $2000 PER MONTH, MAINTENANCE, $1000 AMORTIZATION 10 % STRAIGHT LINE FOR us$30,000 DOLLAR CAR ...? .. BARELY MAYBE ??

70 Electric MAYBE

20 Water MAYBE

100 Internet OK WITH CABLE

200 Medical SEEMS LOW FOR PRIVATE MEDICAL INSURANCE FOR 4 INCLUDING MEDICATIONS?? $3200 PESOS??


300 Other, e.g. clothing, entertainment, !!!

$10 DOLLARS A DAY FOR ENTERTAINMENT , CLOTHING, ETC .....$$150 PESOS..!! ENOUGH FOR ONE BFAST FOR 4...!!

SCHOOLING ?? UNIFORMS ?? BOOKS ?? $$$ SCHOOL BUS
-
1940 Total... ???
 
#20
I've spent some time in Concepcion (northern Paraguay) with a German/Paraguay family and they wouldn't educate their kids in public schools. They go to great lengths to pay private school fees, and they are not rich people by any standards.