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Paraguay

Basic Facts

Paraguay overview

| Officially the Republic of Paraguay | South American country | Presidential democratic republic | Guaraní (PYG) currency | Civil law legal system | Double taxation agreements with 5 countries | Attractive tax system | Spanish and English speaking

Top 3

Reasons for doing business in Paraguay

Low corporate income tax (CIT) of 10%

Territorial system of taxation, i.e. CIT tax is charged on the profits / income sourced in Paraguay only

Tax exemptions and tax incentives in Free Trade Zones (SEZs)

More advantages​

  • An individual is to be tax-resident if spends in Paraguay more than 120 days (4 months), instead of 183 days (6 months) as it is standard in majority of countries,  
  • No participation in Common Reporting Standard (CRS),
  • No Controlled Foreign Company (CFC) rules,
  • No inheritance and gift taxes,
  • No wealth tax.

Company formation in Paraguay

Do you need to establish a company in Paraguay? Then administer it?

Are you looking for a reliable lawyer or accountant in Paraguay?

Do you want to structure your international business in a correct way?

You do not know yet what do you need in Paraguay?

Well, contact us at any time, we are ready to help you to find the right answers to your questions and workable solution for your specific needs.

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