Country vs country

Paraguay vs Hungary

Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.

	Paraguay	Hungary
Personal income	0% abroad	15%
Company tax	10%	9%
Minimum days	183	183
Cost of residency	Cheap	Cheap
Tax on €150,000 a year	€0	€22,500
Monthly cost for one person, rent included	€1,125	€1,525
In the EU	No	Yes
Spanish blacklist	No	No
Crypto gains	Territorial: gains on foreign exchanges treated as foreign-source and outside IRP. No specific crypto law; local-source capital gains taxed 8%.	Flat 15% on net annual crypto gains, with no social contribution tax.
Pension	Territorial system: only Paraguayan-source income is taxed, so a foreign pension is not taxed.	Pensions are tax-free in Hungary, including foreign pensions, subject to the applicable tax treaty.

Who wins

It depends on your case: your nationality, the country you leave and how you earn your money change the answer.