Taxes, banking and companies
How can a foreigner open a company in Paraguay?
The fastest way to open a company in Paraguay is the EAS (Simplified Joint-Stock Company), created by Law 6480/2020: it can be formed by one or more people, with no minimum capital and with liability limited to their contributions, and it is registered through SUACE (the government’s one-stop business portal). If the legal representative is a foreigner, they need a cédula (Paraguayan ID card).
How long it takes
According to SUACE, an EAS can be set up in 72 hours to 8 days with complete documentation.
Our options
- Basic EAS, formed through SUACE, the Abogacía del Tesoro (Treasury Attorney’s Office) and the DNIT (tax authority): USD 550.
- Full EAS service, with bank account assistance, a business license and certified company books: USD 2,500.
- Temporary residency + EAS package, with bank account assistance and 3 months of legal representation and accounting: USD 4,500.