Strategic Geopolitical Positioning

Asuncion’s strategic location along the Paraguay River positions it as a pivotal hub for trade and commerce in South America. This waterway not only facilitates the transportation of goods within the country but also provides a vital link to the broader Mercosur market, comprising Brazil, Argentina, Uruguay, and Paraguay itself. Asuncion’s accessibility to major trade routes and its proximity to key markets make it an attractive destination for businesses looking to expand their footprint in the region.

Economic Stability and Growth

Paraguay’s economy has demonstrated remarkable resilience, characterized by steady GDP growth rates and prudent macroeconomic policies. The country’s diversified economic base, with thriving sectors such as agriculture, manufacturing, and services, provides a solid foundation for business growth and investment. Additionally, Paraguay’s stable political environment and commitment to fiscal discipline have instilled confidence among investors, driving both domestic and foreign capital inflows into Asuncion’s burgeoning business landscape.

Investment-Friendly Policies

In recent years, Paraguay has implemented several reforms aimed at enhancing its business environment and attracting foreign investment. These reforms include simplifying bureaucratic procedures, reducing regulatory barriers, and offering tax incentives to incentivize investment in key sectors. The government’s proactive approach to promoting entrepreneurship and fostering innovation has further bolstered Asuncion’s appeal as a business-friendly destination, attracting a diverse range of businesses seeking to capitalize on the city’s growing opportunities.

Infrastructure Development

Infrastructure development plays a pivotal role in supporting Asuncion’s emergence as a business hub. The city has witnessed significant investments in transportation networks, including roadways, ports, and airports, to improve connectivity both domestically and internationally. Moreover, ongoing urban development projects aim to enhance the city’s livability and attractiveness for businesses and residents alike. Asuncion’s modern infrastructure not only facilitates the movement of goods and people but also lays the groundwork for sustained economic growth and development.

Emergence of Technological Innovation

Asuncion is experiencing a rapid emergence as a center for technological innovation and entrepreneurship. The city’s vibrant startup ecosystem, fueled by a young and tech-savvy workforce, is driving innovation across various industries, from fintech and e-commerce to renewable energy and agritech. Additionally, strategic partnerships between government agencies, academic institutions, and private sector stakeholders are fostering collaboration and knowledge-sharing, further propelling Asuncion’s reputation as a hub for innovation and creativity.

Cultural Richness and Quality of Life

Beyond its economic prospects, Asuncion offers a rich cultural tapestry and a high quality of life that attracts both businesses and talent to the city. With its historic landmarks, vibrant arts scene, and diverse culinary offerings, Asuncion provides a unique blend of modern amenities and traditional charm. Moreover, the city’s affordable cost of living, coupled with its warm climate and friendly atmosphere, make it an appealing destination for professionals, expatriates, and entrepreneurs seeking a balanced lifestyle amidst a dynamic business environment.

The post Asuncion’s Emergence as a Thriving Business Hub appeared first on Easyco.

Understanding the Work Visa Application Process

To embark on this journey, understanding the intricacies of the work visa application process in Paraguay is paramount.

Eligibility Criteria: To obtain a work visa, applicants must fulfill specific eligibility criteria, including having a confirmed job offer from a Paraguayan employer. Providing evidence of professional qualifications and a clean criminal record is also mandatory.

Required Documentation: The documentation process involves submitting various documents, such as a valid passport, proof of employment, and health certificates. Ensuring all paperwork is complete and accurate is crucial for a smooth application process.

Reasons to Consider Paraguay for Work

Beyond the administrative aspects, it is essential to explore why Paraguay is gaining traction among foreigners as an enticing work destination.

• Booming Economy: Paraguay’s economy has experienced robust growth in recent years, offering a stable and thriving environment for businesses and professionals alike.
• Cost of Living: The relatively low cost of living in Paraguay makes it an attractive option for expatriates, allowing them to enjoy a comfortable lifestyle without the financial burden commonly associated with relocation.
• Cultural Richness: Paraguay’s unique blend of indigenous and European cultures contributes to a diverse and vibrant society, creating an enriching experience for those looking to immerse themselves in a new cultural milieu.

Overcoming Challenges

While the prospect of working in Paraguay is promising, acknowledging and addressing potential challenges is essential.

• Language Barrier: Spanish is the official language of Paraguay, and while many locals speak Guarani, a basic understanding of Spanish can significantly enhance the expatriate experience.
• Cultural Adjustment: Embracing cultural differences and adapting to local customs may pose initial challenges, but the warmth and hospitality of Paraguayans make the adjustment process smoother.

In conclusion, obtaining a work visa in Paraguay opens the door to a world of opportunities in a country that seamlessly blends economic growth with cultural richness.

Paraguay’s appeal as a work destination is not only rooted in its administrative ease but also in the unique experiences and advantages it offers to those seeking professional and personal growth. As you embark on this journey, navigating the visa application process with diligence and embracing the opportunities Paraguay presents can lead to a fulfilling and rewarding chapter in your career.

Get Assistance from Easyco Experts!

Paraguay is in constant growth and always looking to simplify its processes. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure the registration of your company in Paraguay is done successfully and in the least amount of time possible.

At Easyco, we make company formation in Paraguay easy; our team of corporate experts has vast experience helping companies and individuals register their businesses in Paraguay. We have a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Paraguay today!

Additionally, Easyco also provides services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services 

The post Work Visa in Paraguay appeared first on Easyco.

Legal Foundation

A registered office address in Paraguay serves as the legal foundation for any business entity operating within its jurisdiction. This address is where official communications and legal documents are sent. It is the point of contact for government authorities, ensuring transparency and accountability in business dealings.

Compliance with Regulations

In the realm of legal and compliance services, adherence to regulations is paramount. Having a registered office in Paraguay is a key element in meeting regulatory requirements. It establishes a tangible presence, demonstrating a commitment to compliance with local laws and regulations.

Access to Legal Processes

In the event of legal matters, having a registered office address in Paraguay streamlines the process of legal communication. Any legal notices, court summons, or official documents will be directed to this address, ensuring that the business is promptly informed of any legal proceedings.

Business Image and Credibility

Beyond legal requirements, the registered office address contributes significantly to the overall image and credibility of the business. It conveys stability and permanence, instilling confidence in clients, partners, and stakeholders. A prestigious and well-located registered office can enhance the business’s reputation in the public’s eyes.

Tax Obligations

Establishing a registered office in Paraguay is also integral to navigating tax obligations effectively. It ensures that the business is correctly identified for tax purposes, facilitating the smooth execution of financial responsibilities and preventing any potential legal ramifications.

In conclusion, the importance of a registered office address in Paraguay cannot be overstated. Beyond the legal framework, it is a cornerstone of business credibility, compliance, and effective communication. Choosing the right location for your registered office is an investment in your business’s long-term success and reputation in the dynamic Latin American market.

Get Assistance from Easyco Experts!

Paraguay is in constant growth and always looking to simplify its processes. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure the registration of your company in Guatemala is done successfully and in the least amount of time possible.

At Easyco, we make company formation in Paraguay easy; our team of corporate experts has vast experience helping companies and individuals register their businesses in Paraguay. We have a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Paraguay today!

Additionally, Easyco also provides services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services 

The post Registered Office Address in Paraguay appeared first on Easyco.

Why Outsource Talent Acquisition in Paraguay?

Transition: To comprehend the advantages, it’s crucial to first understand the motivations behind outsourcing talent acquisition.

1. Access to Specialized Expertise: Outsourcing empowers businesses with access to a pool of specialized professionals who possess in-depth knowledge of Paraguay’s job market and its specific legal and compliance requirements. This expertise can be invaluable in identifying and acquiring top talent.
2. Cost-Efficiency: Employing an in-house talent acquisition team can be cost-prohibitive, involving expenses related to recruitment, training, salaries, and operational overhead. Outsourcing mitigates these financial burdens and allows for greater cost predictability.
3. Streamlined Processes: Outsourcing partners have well-established processes and systems, which can expedite the hiring process, ultimately reducing time-to-hire and ensuring a more efficient acquisition of talent.

Benefits for Businesses

Transition: Now, let’s delve deeper into the concrete benefits outsourcing talent acquisition in Paraguay can bring to your business.

1. Reduced Administrative Burden: Outsourcing the talent acquisition process effectively transfers the administrative workload to experts in the field. This strategic move allows your internal team to concentrate on core activities, enhancing overall efficiency.
2. Global Talent Reach: Collaboration with a local outsourcing firm in Paraguay enables your organization to cast a wider net in the quest for top talent. This pool includes candidates with diverse backgrounds and international experience, potentially enhancing the quality of your hires.
3. Compliance Assurance: Given your specialization in legal and compliance services, outsourcing ensures strict adherence to local employment laws and regulations. It significantly reduces the risk of non-compliance, an aspect that can be critical for businesses operating in Paraguay.

Cost Savings

Transition: One of the most compelling advantages of outsourcing is the substantial cost savings it affords businesses.

1. Lower Recruitment Costs: The decision to outsource effectively eliminates the need for expensive job postings, background checks, and interview-related expenses. This budget-friendly approach significantly trims the costs associated with acquiring top talent.
2. Minimal Employee Benefits: Contract-based talent acquisition results in reduced expenses related to employee benefits, such as health insurance, retirement plans, and paid time off, which can substantially impact your bottom line.
3. Operational Savings: Beyond recruitment, outsourcing talent acquisition also reduces the need for extensive office space, equipment, and training expenses. These operational savings can lead to increased profitability.

Why Start a Business in Paraguay?

Transition: Now that we’ve explored the advantages of outsourcing in Paraguay, it’s vital to consider the broader picture and the attractiveness of this country as a business destination.

1. Strategic Location: Paraguay’s central location in South America positions it as an ideal hub for regional operations. This strategic positioning facilitates the seamless flow of goods, services, and talent within the region, enhancing your business’s efficiency.
2. Business-Friendly Environment: Paraguay offers an array of tax incentives and a regulatory environment that is conducive to business growth. These favorable conditions make it a cost-effective location for establishing and expanding your operations.
3. Stable Economy: Additionally, Paraguay has maintained economic stability, with consistent growth over the years. This stability instills confidence in investors and businesses seeking to establish a presence in the region.

The post Talent Acquisition in Paraguay | Recruiting and Hiring appeared first on Easyco.

Why Register a Company in Paraguay?

Paraguay, often referred to as the “Heart of South America,” offers compelling reasons for businesses:

1. Geographic AdvantageParaguay’s strategic location at the crossroads of South America is a significant boon for businesses. It shares borders with Brazil, Argentina, and Bolivia, granting easy access to these pivotal markets. This strategic position transforms Paraguay into a commercial bridge, allowing your business to conveniently tap into an expansive consumer base.
2. Stable EconomyParaguay’s economy has demonstrated impressive stability and growth. The nation’s economic focus on agriculture, energy, and manufacturing sectors has been a catalyst for prosperity. A consistent upward trend in the Gross Domestic Product (GDP) reflects the thriving business environment, underlining the country’s appeal as a destination for investment.
3. Tax IncentivesParaguay’s tax laws are designed to be exceptionally favorable for businesses. Notably, income from exports is entirely exempt from taxes, a remarkable advantage that bolsters profit margins. The country’s tax regime encourages foreign investors to participate in the burgeoning export and manufacturing industries.
4. Business-Friendly EnvironmentParaguay’s commitment to attracting foreign investment is evident in its business-friendly legal and regulatory framework. Starting and running a business in Paraguay is a streamlined process, facilitated by clear and straightforward procedures. Additionally, there are limited restrictions on foreign ownership of businesses, providing a welcoming atmosphere for international entrepreneurs.

Benefits of a Corporate Bank Account in Paraguay

Opening a corporate bank account in Paraguay can be a game-changer for your business. Here are the key advantages:

1. Access to International MarketsA corporate bank account in Paraguay can serve as a gateway to a wide array of international markets, particularly within Latin America. The nation’s geographic proximity to key South American economies makes it a strategic base for conducting cross-border trade, allowing your business to seamlessly expand its reach.
2. Currency DiversificationParaguay’s unique financial environment allows for the use of various currencies. This flexibility is especially beneficial for businesses with international operations. It can help mitigate currency risk and optimize financial strategies according to market dynamics.
3. Efficient Banking ServicesParaguayan banks are committed to providing modern and efficient banking services. These institutions offer online and mobile banking options, which are crucial for managing financial transactions with ease and speed. These digital banking services streamline daily operations and enhance financial management.
4. ConfidentialityParaguay has stringent banking privacy laws in place, ensuring that the confidentiality of your financial information is upheld. This aspect provides peace of mind, especially for businesses handling sensitive financial matters.

Steps to Open a Corporate Bank Account in Paraguay

1. Select a BankFirstly, when choosing a bank, it’s advisable to research and compare various banks in Paraguay. Consider factors like the bank’s reputation, services offered, and proximity to your business location.
2. DocumentationCompile the necessary documents, including your company’s registration documents, proof of your business address in Paraguay, and the identification documents of the individuals authorized to access and operate the account.
3. ApplicationFill out the required application forms accurately and comprehensively, ensuring that you have all the necessary documentation in place.
4. Bank ReviewThe bank will review your application and documents, a process that may include due diligence checks. Be prepared to provide any additional information or documentation requested by the bank to facilitate a smooth application process.
5. Account ActivationOnce your application has been approved, your corporate bank account will be activated. You will finally receive the necessary account details and can begin utilizing the bank’s services.

In conclusion, opening a corporate bank account in Paraguay is a strategic move for businesses seeking to unlock the potential of this vibrant nation. The country’s geographic advantage, favorable tax incentives, efficient banking services, and commitment to business-friendly regulations make Paraguay an attractive choice for entrepreneurs.

The post How to Open a Corporate Bank Account in Paraguay appeared first on Easyco.

Understanding Trademarks

Before delving into the registration process, it’s essential to grasp the concept of trademarks. Trademarks can be logos, words, phrases, or symbols that distinguish your products or services from others. They are valuable assets that can help build brand recognition and consumer trust.

The Importance of Trademark Registration

Trademark registration in Paraguay provides several key benefits, including:

1. Legal Protection: Registered trademarks enjoy legal protection against unauthorized use by others.
2. Exclusive Rights: Trademark owners have the exclusive right to use their mark in the designated class of goods or services.
3. Brand Recognition: A registered trademark enhances brand recognition and consumer trust.
4. Market Expansion: It facilitates market expansion by preventing competitors from using similar marks.

Trademark Registration Process in Paraguay

Now, let’s dive into the steps involved in registering a trademark in Paraguay:

1. Search for Existing Trademarks: Begin by conducting a thorough search to ensure your desired trademark is not already registered.
2. Prepare Your Application: Gather all necessary documentation, including a clear representation of your trademark and a list of goods or services it will represent.
3. Submit Your Application: File your trademark application with the National Directorate of Intellectual Property (DINAPI).
4. Examination: DINAPI will examine your application to ensure it meets the legal requirements. This process may take a few months.
5. Publication: If your application is approved, it will be published in the Official Gazette for opposition purposes. Others may object within a specified timeframe.
6. Registration: If no objections are raised, your trademark will be registered, and you’ll receive a certificate of registration.

Maintenance of Trademarks

After registration, it’s crucial to maintain your trademark by renewing it regularly to ensure ongoing protection.

Trademark registration in Paraguay is a strategic move for businesses seeking to protect their brand identity. It offers legal protection, exclusivity, and a competitive edge in the market. Understanding and navigating the registration process is essential to ensure the long-term success of your brand in this dynamic Latin American market.

Get Assistance from Easyco Experts!

Paraguay is in constant growth and always looking to simplify its processes. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure the registration of your company in Guatemala is done successfully and in the least amount of time possible.

At Easyco, we make company formation in Paraguay easy; our team of corporate experts has vast experience helping companies and individuals register their businesses in Paraguay. We have a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Paraguay today!

Additionally, Easyco also provides services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post Trademark Registration in Paraguay appeared first on Easyco.

Why Register a Company in Paraguay?

1. Business-Friendly Environment: Paraguay boasts a business-friendly environment with streamlined regulations and a low bureaucratic burden. Furthermore, the country welcomes foreign investments and offers various incentives to attract entrepreneurs.
2. Strategic Location: Paraguay’s central location in South America provides a strategic advantage for businesses seeking to expand their reach throughout the continent. It offers access to major markets such as Brazil, Argentina, and Uruguay.
3. Stable Economy: The country’s stable and resilient economy is characterized by steady growth rates and diverse sectors, including agriculture, manufacturing, and services. This economic stability presents a secure foundation for business ventures.
4. Tax Incentives: Paraguay offers attractive tax incentives to registered companies, including tax exemptions and reductions, which can significantly enhance your company’s profitability.
5. Cost-Effective Operations: The lower cost of labor and operational expenses in Paraguay can help businesses maximize their returns on investment and maintain a competitive edge.

Obtaining a Tax ID in Paraguay: Step-by-Step Guide

1. First, determine Business Structure: Before applying for a Tax ID in Paraguay, decide on the type of company you want to establish. Options include a Sociedad Anónima (SA) for public companies or a Sociedad de Responsabilidad Limitada (SRL) for private companies.
2. Choose a Business Name: Select a unique business name that complies with Paraguayan naming regulations. Search to ensure no other entity already operates under the chosen name.
3. Appoint a Legal Representative: Your company must have a legal representative who is a Paraguayan resident. This person will act on behalf of the company and handle legal matters.
4. Prepare Required Documents: Gather the necessary documents, including identification, proof of address, and legal representation appointment documents.
5. Visit the National Directorate of Registries: Personally submit your company’s registration documents to the National Directorate of Registries (Dirección General de los Registros Públicos) in Asunción, the capital city of Paraguay.
6. Pay Registration Fees: Pay the applicable registration fees at the designated payment location. The fee may vary depending on the type of company and the authorized capital.
7. Tax ID Application: After the registration process, apply for a Tax ID (RUC – Registro Único del Taxyente) at the National Directorate of Taxes (Dirección Nacional de Aduanas).
8. Tax ID Approval and Issuance: The processing time for Tax ID approval typically takes a few business days. Once approved, your company will receive its Tax ID.
9. Tax Registration and Compliance: After obtaining the Tax ID, register your company for taxation purposes. Finally, ensure compliance with all tax-related regulations to avoid any legal issues.

How to Register a Company in Paraguay?

• First, choose the right type of company for your business
• Check the availability of the desired name
• Prepare a Power of Attorney
• Notarize the Bylaws
• Then, it is necessary to submit the documentation to the SUACE
• Publish the notice on the Official Gazette
• Obtain a Tax ID
• Obtain the statutory company books
• Additionally, it is required to obtain the licenses and permits from the Municipality
• Apply for registration at the Social Security Institute and the Ministry of Justice and Labor
• Finally, the last step is to open a corporate bank account

The post Benefits and Step-by-Step Guide to Obtaining a Tax ID in Paraguay appeared first on Easyco.

Efficiency and Cost Savings

Outsourcing tax and accounting services in Paraguay enables businesses to enhance efficiency while reducing costs. By leveraging the expertise of professional service providers, companies can benefit from accurate and timely financial reporting, streamlined processes, and adherence to local tax regulations. This allows businesses to focus on their core competencies, saving time and resources that can be directed toward growth initiatives.

Expertise and Compliance

Partnering with an outsourcing provider in Paraguay grants access to a team of skilled professionals well-versed in local tax laws, regulations, and accounting practices. These experts ensure compliance with Paraguay’s tax requirements, reducing the risk of penalties or errors in financial reporting. They stay up to date with changing tax laws, easing the burden of staying compliant for businesses operating in Paraguay.

Simplified Processes

Outsourcing tax and accounting functions in Paraguay simplifies complex financial processes for businesses. Service providers handle tasks such as bookkeeping, payroll management, tax calculations, and reporting, alleviating the administrative burden from internal teams. This streamlined approach allows businesses to focus on core operations and strategic decision-making, without the need for extensive in-house accounting infrastructure.

Scalability and Flexibility

Outsourcing tax and accounting services in Paraguay provides businesses with scalability and flexibility as they grow. Service providers can easily accommodate changing business needs. Whether it’s expanding into new markets, launching new products or services, or undergoing organizational restructuring. Therefore, with outsourced services, businesses can scale their accounting and tax functions seamlessly, without the constraints of hiring and training additional in-house staff.

Business Expansion Opportunities

Outsourcing tax and accounting in Paraguay can be a catalyst for business expansion. By outsourcing non-core functions, companies can allocate resources to focus on strategic initiatives and market expansion. The streamlined financial processes and compliance adherence provided by outsourcing enable businesses to navigate local tax regulations confidently, fostering a conducive environment for growth and attracting potential investors.

Outsourcing tax and accounting services in Paraguay offers a range of benefits, including increased efficiency, cost savings, expertise, simplified processes, scalability, and business expansion opportunities. By partnering with professional service providers in Paraguay, businesses can optimize their financial operations, ensure compliance with local tax regulations, and free up resources for strategic endeavors. Therefore, as you consider ways to enhance your business operations, outsourcing tax and accounting functions in Paraguay emerges as a valuable solution. This enables you to focus on what matters most—growing your business and seizing new opportunities.

The post Outsourcing Tax and Accounting in Paraguay appeared first on Easyco.

One of the first and most important steps when registering a company in Paraguay is to choose which type of legal structure suits and fits best with your needs, the number of shareholders you will have, as well as plans and goals for the future. In this article, you can learn about Paraguay’s most popular and used types of companies, their requirements, and how to incorporate a company.

What are the most popular types of legal entities in Paraguay? How to incorporate a company in Paraguay? What is an ‘EAS’? Which is the right type of legal structure for my business?

‘Empresa por Acciones Simplificadas’ or Simplified Shares Company (EAS)

The Simplified Shares Company or ‘EAS’ is a new type of legal structure in Paraguay created to simplify traditional processes and allow entrepreneurs to start a business with only one shareholder.

• Only one shareholder is required at the moment of registration. Nonetheless, more can be added in the future

• The capital of the company is divided into shares

• The shareholders and/or members of the society have limited liability

• The minimum capital required is 1 Paraguayan Guarani or USD 0,00014

• In this type of company, the Board of Directors is optional, but it needs to have a local legal representative

‘Sociedad en Responsabilidad Limitada’ or Limited Liability Company (SRL)

The name of the company must end with the abbreviation ‘SR de L’ to identify what type of company it is.

• At the moment of incorporation, at least 2 shareholders are required

• The maximum number of shareholders an ‘SRL’ can have is 25

• The capital is divided into shares worth 1,000 Paraguayan Guaranis or a multiple

• The shareholders have limited liability over the assets of the company

• At the moment of the incorporation, 50% of the company’s capital must be paid

‘Sociedad Anónima’ or Corporation (SA)

This is the most common type for big companies that want to have an unlimited number of shareholders and transfer or sell their shares without a problem, and because it gives flexibility with the selling and transfer of shares.

• At the moment of registration, a Corporation or ‘SA’ must have a minimum of 2 shareholders

• There is no limit on the maximum number of shareholders it can have

• The company can sell or transfer its shares freely

• The shareholders have limited liability and can be foreign

• There is no minimum capital required at the moment of incorporation. However, if commercial activities involve the exportation of goods, then it is USD 10,000

How to register a company in Paraguay?

Registering a company in Paraguay is easier and faster in comparison with other countries

1. Select the right type of business structure

2. Check the availability of the name

3. Elaboration and signature of the Power of Attorney

4. Drafting and notarization of the bylaws

5. Submission of the documentation to the local centralized platform (SUACE)

6. Publication in the Paraguayan Official Gazette

7. Obtain a Tax ID Number or ‘RUC’

8. Obtain the statutory books

9. Apply to the local Municipality for the verification and assessment of licenses and permits

10. Submit an application for registration at the Social Security Institute and to the Ministry of Justice and Labor

11. Open a corporate bank account

Do you want to register a company in Paraguay?

In general, Paraguay is the perfect country to register a business because it is a country that is constantly in expansion and growth. To make sure you register your company in Paraguay in the right way, you can get in touch with us, and our team of experts is going to make sure your registration complies with all Paraguayan laws.

At Easyco, we make company formation in Paraguay easy; our team of corporate experts has vast experience helping companies and individuals register their business in Paraguay, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Paraguay today!

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services.

The post Most Common Types of Companies in Paraguay appeared first on Easyco.

Registering a trademark will not only protect your business, but it will also give you the opportunity to expand and broaden your horizons while keeping your and your team’s work safe.

How to register a trademark in Paraguay? What are the steps? Who can register it? Do I need to have a company? How to form a company in Paraguay?

How to register a trademark in Paraguay?

1. Conduct a search for similar trademarks already registered in Paraguay

   The first step is to review if the trademark, brand, object, service, etc. is registered in Paraguay. This can be done online at the public platform of the DINAPI, the government agency in charge of protecting intellectual property.

2. Submit the application to the DINAPI

   Once you know the trademark is not already registered in Paraguay, you can proceed with the process at the DINAPI, which stands for ‘Dirección Nacional de Propiedad Intelectual’ in Spanish. You’ll have to present documentation about the trademark, the person or legal representative registering it, the company, and some more depending on the type and classification.

3. Publish the application notice in the Paraguayan Official Gazette

   The next step is to publish the application notice in the Paraguayan Official Gazette, as well as in another newspaper of mass circulation for at least 3 consecutive days.

   This is necessary because it allows other companies or people to review and make comments or complaints on the trademark you’re registering.

4. Wait for the DINAPI to review and approve the application

   During the 60 days after the publication of the notice, the general public can submit any complaints, suggestions, or comments regarding the trademark, brand, or object being registered. The DINAPI will then review them and suggest changes

What can be registered as a trademark?

The NICE Classification has more than 30 classes, with subcategories being updated and added every 5 years. The most important thing is to evaluate how the desired trademark is related to the company or product/service. When talking about sounds, smells, and colors, it is necessary that the public already associates them with a brand and that they’re not generic.

• Products

• Services

• Production establishment

• Commercial establishment

• Advertising phrase (slogan)

• Sound mark

• Collective mark

• Certification mark

What documents are needed?

• The ID of the natural person or Legal Representative of the company registering the trademark
• Articles of Incorporation (in the case of companies)
• Application form containing information about the product/service to be registered
• NICE Classification (if you don’t know it an agent can help you)
• Logos, colors, or visual elements that identify the brand/trademark
•  

Who can register a trademark in Paraguay?

Anyone over the age of 18 is allowed to register a Trademark in Paraguay, as long as they’re local or have a valid residency. In the case of companies, it is necessary to appoint a local Legal Representative that can submit the documentation and stay up to date with all the requirements and documentation needed by the government.

If you wish to register the trademark to conduct business activities it is going to be necessary to have also a registered company in Paraguay.

How to register a company in Paraguay?

Starting a business in Paraguay can be a great opportunity! These are some of the general steps you need to follow in order to register your company. Once the process is completed, you can appoint a Legal Representative that is going to be in charge of the trademark registration process.

1. Identify and select the company structure

2. Check the availability of the name

3. Elaboration and signature of power of attorney

4. Draft and notarize the company’s bylaws

5. Submit the documentation to the local centralized platform (SUACE)

6. Publication in the Paraguayan Official Gazette

7. Apply for a taxpayer ID at the SET

8. Obtain your statutory company books

9. Submit an application to the local Municipality for the verification and assessment of licenses and permits

10. Submit an application for registration at the Social Security Institute and to the Ministry of Justice and Labor

11. Open a corporate bank account

Do you need to register a trademark in Paraguay?

Paraguay is the perfect country to register a business because it is a country that is constantly in expansion and growing. To make sure you register your trademark in Paraguay in the right way, you can get in touch with us, and our team of experts is going to make sure your registration complies with all Paraguayan laws.

Easyco, we make company formation in Paraguay easy; our team of corporate experts has vast experience helping companies and individuals register their business in Paraguay, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Paraguay today!

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services.

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