Located in the heart of South America and bordered by Brazil, Argentina, and Bolivia, Paraguay offers a distinctive business environment shaped by its strategic position and growing economic openness. Known for its competitive tax structure, affordable operating costs, and investor-friendly policies, Paraguay has been gaining attention from entrepreneurs and international investors. With expanding industries, a stable macroeconomic climate, and a welcoming approach to foreign business, the country is emerging as an appealing destination for new ventures and long-term investments.
Paraguay offers low corporate taxes, simple fiscal rules, and attractive incentives for foreign investors.
Located at the center of South America, Paraguay provides easy access to major MERCOSUR markets and key trade routes.
A growing economy supported by strong sectors like agriculture, energy, and manufacturing creates opportunities for new businesses.
Affordable living, a safe pace of life, and modern services make Paraguay appealing for professionals and expatriates.
Paraguay maintains consistent macroeconomic stability and benefits from regional trade agreements that support long-term investment.
The process of establishing a business in Paraguay is straightforward, with clear regulations and attractive conditions for foreign investors. Here are the essential steps:
Register your company with Paraguayan authorities, choosing the appropriate structure such as an SRL (Sociedad de Responsabilidad Limitada) or SA (Sociedad Anónima).
Depending on your business activity, you may need sector-specific permits or registrations from the relevant Paraguayan regulatory bodies.
Open a corporate bank account with one of Paraguay’s established financial institutions, benefiting from a stable banking sector and low operational costs.
Understand local labor laws, including contracts, social security contributions, and workplace regulations, to efficiently manage and hire staff.
Comply with Paraguay’s simplified tax system, including the 10% corporate tax, 10% income tax, and 10% VAT, while meeting all legal reporting requirements.
Nova Citizen provides tailored services to help businesses efficiently navigate the setup process. Our services include:
Expert guidance on the optimal legal structure for your business, considering your specific needs and business goals.
Assistance with all aspects of compliance, from licensing to ongoing regulatory affairs.
Advice on tax planning, accounting, and financial best practices in the country's market.
Support in obtaining necessary work permits and visas for your team, along with other HR-related services.
Setting up a business in Paraguay offers strong advantages thanks to its competitive tax system, low operating costs, and central position within the MERCOSUR region. Nova Citizen is ready to guide you through Paraguay’s regulatory framework, ensuring a smooth, compliant, and successful business setup.
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