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https://www.bizlatinhub.com/starting-business-paraguay/
Paraguay is a very underrated business jurisdiction. In spite of the astonishing annual rates of growth, averaging around 4% between 2015-2017 and an increasingly varied market including blossoming agricultural, service and mining sectors. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Paraguayan business experts have created a company formation presentation for Paraguay.
3. Types of Legal Entities
Limited Liability Company
Public Liability Company
Branch Office
Representative Office
The majority of companies
that are set up in Paraguay are
Limited Liability Companies
(Sociedad de Responsabilidad
Limitada - SRL).
This presentation will outline
the process of forming a
Limited Liability Company.
4. Fact Sheet S.R.L.
Yes
Is foreign ownership allowed?
Yes
Can the company sponsor foreign employees?
No
Are there capital controls?
8 - 10 weeks once all
documentation is received
How long does it take? (including bank account)
USD$1
Is there a minimum share capital?
2 Shareholders
What is the minimum number of shareholders?
Yes
Are a fiscal address and legal representation
required?
5. How to do it.
In order to successfully form your
company, you will have to follow the
steps outlined in this presentation.
There are 7 main steps involved in this
process.
6. Step 1
A POA is a legal document allowing our
team at Biz Latin Hub to form the
company on your behalf.
Draft
and Sign a
Power of Attorney
7. Step 2
Register a unique company name.
Choose
and Verify
Company Name
8. Step 3
The company bylaws define a company’s
purpose and how it will operate.
Create the
Company Bylaws
9. Step 4
Before all the required local, state and
national authorities.
Register
the Company
10. Step 5
Register with the national tax authority
and obtain the company ID number
(RUC).
Obtain the
Company Number
11. Step 6
You will have to open a corporate
bank account and deposit the required
capital in order to activate it.
Open
and Activate
a Corporate
Bank Account
13. Biz Latin Hub is a market leader in
helping individuals and companies to
successfully do business globally and has
multilingual services that are reliable,
tailored and responsive.
Our group is owned and managed by an
experienced team of local and expat
professionals, dedicated to assisting our
clients to navigate their way through the
complexities of the global business
environment.
We can help!
14. See how our services can support
your global expansion.
Due Diligence Legal Services
Commercial
Representation
15. Are you ready to expand globally?
Contact us now.
contact@bizlatinhub.com
www.bizlatinhub.com