Paraguay is one of the countries in the region where a foreigner can most easily incorporate and operate a company, regardless of whether they have residency or not.
Most common legal forms
Sociedad Anónima (SA): most common for foreign capital companies, requires 2 shareholders and a board of directors.
Sociedad de Responsabilidad Limitada (SRL): more agile administration, ideal for medium-sized ventures, up to 25 partners.
Empresa Unipersonal: sole proprietorship, recommended only for low-risk activities.
Incorporation process
1. Name reservation at the Treasury Advocacy
2. Drafting and signing of bylaws before a notary
3. Registration at DNRPJ (5-10 business days)
4. RUC registration (taxpayer ID) at SET
Do I need to be a resident?
No. Non-resident foreigners can be shareholders and directors of Paraguayan companies. However, having a local representative for day-to-day procedures is recommended.
Estimated cost: USD 600 to USD 1,200 | Timeline: 15 to 30 business days