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Register a company in Paraguay
Company incorporation, bank accounts, accounting services in Paraguay
Registration packages
Services
Essential
Standard
Premium
Company registration (SRL)
Annual registered address
Notary services and company seal
Personal tax ID
Remote corporate bank account
Accounting services
Start your company in Paraguay
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How you can register a company in Paraguay with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Paraguay
Paraguay is located in the southern central region of South America. Paraguay has a territory of 406,796 square kilometers. Paraguay borders Argentina, Bolivia and Brazil. The capital city of Paraguay is Asunción, the largest city and the location of key government institutions. Paraguay has a population of 7,36 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 10%. Tax returns are filed on an annual basis
- Dividend withholding tax - 15% for payments to non-residents, 8% for payments to residents
- Interest withholding tax - 4.5%
- Royalties withholding tax - 15%
- Capital gains tax - 10%
- VAT - Standard tax rate 10% or a reduced rate 5% or tax exempt. Tax returns are filed on a monthly basis for the majority of commercial enterprises
- Personal income tax - from 8% up to 10%.
The following are the most common types of companies to incorporate a company in Paraguay as:
- Limited liability company (Sociedad de Responsabilidad Limitada - SRL)
- Public limited company (Sociedad Anónima - S.A.)
- General partnership (Sociedad Colectiva - S.C.)
- Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
- Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
- Simplified Corporation (Empresa por Acciones Simplificadas - E.A.S.)
- Branch office (Sucursal).
- Individuals or legal entities that are intending to register a company in Paraguay can either be resident or non-resident in Paraguay.
- A resident or a non-resident individual can be a company director in Paraguay. It is, however, required to set up a company in Paraguay with at least 1 resident director and with a resident legal representative.
- At least 2 shareholders are required in order to register a company in Paraguay if such company is incorporated as a SRL (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is necessary to receive a personal tax ID in Paraguay for every foreign shareholder and director in order to incorporate a company in Paraguay.
- It is not required to create substance (resident employees, office space) in Paraguay in order to establish a company in Paraguay or to conduct business in the country.
- No minimum share capital is established to start a company in Paraguay as a SRL (a limited liability company).
- SRL registration takes between 20 and 25 business days with the bank account taking up to 20 business days.
- Details of company founders, shareholders and directors after company registration in Paraguay is complete is publicly available in the state corporate register.
- With our service you can register a company and open a corporate bank account completely remotely in Paraguay upon a power of attorney.
Official currency of Paraguay is Paraguayan guarani (PYG).
Paraguay is a market economy that is highly dependent on agriculture. Paraguay has vast arable land and hydroelectric power.
In terms of foreign trade the largest exports of the country are soy, soybeans, wheat, maize, corn, rice, meat products, electrical energy, solid residues, insulated wire, cable, insulated electric conductors.
Imports of Paraguay consist of energy, petroleum, oil, natural gas, electrical machinery and equipment, cars and vehicles, electric conductors, consumer goods, medicaments, mineral or chemical fertilizers, rubber.
Primary trading partners of Paraguay are Chile, Argentina, Brazil, Uruguay, Bolivia, Mexico, the USA, India, China, Singapore, Germany, Japan, South Korea, Switzerland.
The GDP of Paraguay grew by 4.2% in 2021 and amounted to USD 39 billion. Tertiary sector makes up 48% of the GDP of the country, followed by industry sector at 34% and agriculture at 11%.
Paraguay is a market economy that is highly dependent on agriculture. Paraguay has vast arable land and hydroelectric power.
In terms of foreign trade the largest exports of the country are soy, soybeans, wheat, maize, corn, rice, meat products, electrical energy, solid residues, insulated wire, cable, insulated electric conductors.
Imports of Paraguay consist of energy, petroleum, oil, natural gas, electrical machinery and equipment, cars and vehicles, electric conductors, consumer goods, medicaments, mineral or chemical fertilizers, rubber.
Primary trading partners of Paraguay are Chile, Argentina, Brazil, Uruguay, Bolivia, Mexico, the USA, India, China, Singapore, Germany, Japan, South Korea, Switzerland.
The GDP of Paraguay grew by 4.2% in 2021 and amounted to USD 39 billion. Tertiary sector makes up 48% of the GDP of the country, followed by industry sector at 34% and agriculture at 11%.
Foreign entrepreneurs expand to Paraguay and seek to incorporate a company in Paraguay in order to conduct business in the following sectors:
- mining
- energy
- manufacturing
- agriculture
- telecommunications
- utility industry
- plastics machinery
- tourism
- automotive parts and accessories
- real estate.
Benefits of registering a company in Paraguay
- Business climate
- Paraguay is a member of the MERCOSUR agreement with Argentina, Brazil and Uruguay which established a free market between these states. This free market provides multiple benefits to companies registered in Paraguay
- Multiple active free trade agreements: ALADI, SELA, ASPA
- Foreign investment promotion
- Logistics center in the region
- Vast natural resources
- Well-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives- Low corporate income tax rate of 10%
- Only Paraguay-source income is subject to corporate income tax, which includes capital invested abroad
- Free trade zones that provide corporate tax incentives
- Double tax treaties with several jurisdictions
Ease of doing business- Both the company and the bank account can be opened completely remotely
- No minimum share capital requirement for a SRL in Paraguay
- No foreign exchange controls
Register your company in Paraguay
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