The Legal System for Foreign Investors buying property in Paraguay
The Paraguayan Law N. 117/92 legislates the system of national and/or foreign investments; it aims to stimulate and secure within a framework of full equality the National and/or Foreign investments, aiming at the promotion of the economic development of the country. The aforementioned rule establishes that the foreign investor has the same guarantees, rights and obligations that the Paraguayan Law sets for domestic investors. The private investments do not require prior authorization or additional registration…
DOING BUSINESS IN PARAGUAY: LOW TAXES & FASTER RESIDENCY
Doing business in Paraguay is due to get easier, with the government seeking to significantly reduce the time it takes to gain residency and promote its low tax regime in order to encourage greater foreign investment. According to Paraguay’s Finance Minister Benigno López, the almost two years it currently takes to gain permanent residency, “will be a lot less,” while the necessary investment will be established at a low enough rate to encourage investment that generates jobs. Those conditions would…
NEW LEGAL ENTITY IN PARAGUAY: SIMPLIFIED SHARES COMPANY (EAS)
Find out about the new legal entity in Paraguay – the EAS, or Simplified Shares Company – and what this entity can offer business owners entering the market. Paraguay is one of the most underrated jurisdictions in Latin America for doing business. The country has demonstrated astonishing annual rates of economic growth, averaging around 4% between 2015-2017 and increasingly diversifying market opportunities, including blossoming agricultural, service and mining sectors. Although it is enticing, it can be…
