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The hard facts about Paraguay – FAQ for the new investor

  PROFILEGeography Area: 406,752 sq. km. (157,047 sq. mi.); about the size of California. Cities: Capital–Asuncion (pop. 518,945). Other cities–Ciudad del Este, Concepcion, Encarnacion, Pedro Juan Caballero, Coronel Oviedo. Terrain: East of the Paraguay River there are grassy plains, wooded hills, tropical forests; west of the Paraguay River (Chaco region) is low, flat, marshy plain. Climate: Temperate east of the Paraguay River, semiarid to the west.People  Nationality: Noun and adjective–Paraguayan(s).…

Thinking of selling your property in Argentina. This is what you need to know

These are some of the items that need addressed if you are thinking of selling your property in Argentina with GTSA. A professional valuation. A considerable amount of property put into the market is overpriced and therefore doomed not to sell or could be undersold by vendors not getting it valued by an experienced valuer.  Try not to use the same real estate company that is likely to sell it or it could well be overpriced as they attempt to get your listing. Sales Authorization:A sales authorization document…

Real Estate is booming throughout Latin America except in Argentina where it is bust

  July 29, 2013 In a region where booming real estate markets have governments from Chile to Brazil to Colombia warning of potential property bubbles, Argentina stands out as a bust. Two years after President Cristina Fernandez de Kirchner clamped down on Argentines’ purchase of dollars, the currency of choice for real-estate transactions, the housing industry is grinding to a halt. While prices soared to records in Sanhattan, a high-end strip in Santiago, Rio de Janeiro and Medellin, Colombia, in Buenos…

These upcoming Foreign Investments in Argentina have been confirmed by foreign investors

Argentina will receive an injection of Foreign Investments  in the coming months, both European companies such as automotive Volvo to Latin American as the Brazilian cement company Camargo Correa, the local Foreign Ministry reported. Several international companies announced investments last week, being the most prominent are those from the automotive sector, said a statement today by ministerial media. Volvo confirmed that it will invest 15 million dollars to renovate and expand its dealerships in Argentina,…

Brazil enacts anti-bribery law required by OECD making it harder to make or receive them

Bribing a public official in Brazil could become a very onerous mistake for local and foreign businesses under a law enacted that for the first time makes companies liable for bribes paid by their employees. Companies found guilty of bribery will face fines of up to 20 percent of their gross annual revenue for the previous year or a maximum of 60 million reais ($26.22 million). They could also be suspended from operating, have assets confiscated and even face possible dissolution. Brazil’s Congress passed…

Chile first and Peru second on global economic optimism survey

In spite of the fact that Peru’s level of optimism fell by 12 percentage points for the second quarter and 10 points with regard to the second quarter of 2013, the Andean nation remains among the top of the list of global economic optimism. Chile first and Peru came in second place with 86 percent of businesses being optimistic, along with the United Arab Emirates. Chile was the most optimistic country globally with 88 percent of businesses reporting optimism, according to recent research by the audit and…