A Tale Of Two Kings
When the King of Rock and Roll died in August 1977, his estate was valued at more than US$10 million....
Read moreKathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
Under the Paraguayan Constitution, everybody (whether Paraguayan or foreign) has the right to go into any business sector they wish, provided only that the activity is legal.
No specific permission from the government is required.
You just have to inform them, then go ahead and start your business.
Paraguayreally rolls out the red carpet for foreign business people and it is easy to gain the attention of high-level government officials, even if your project is relatively small—one of the benefits of doing business in a small economy.
By Latin American standards, it’s quite easy and inexpensive to form a company in Paraguay, though you should not think of a Paraguayan company as an offshore, IBC-type vehicle.
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The main Paraguayan company types are LLCs (known as SRLs in Spanish) and SAs (socidedades anonimas, or companies with share capital). The main differences can be summarized as follows:
Details | SRL | SA |
---|---|---|
Minimum capital | None, but the capital specified must be at least 50% paid in | None, but must be adequate for the business to be undertaken |
Number of members | Between 2 and 25 | At least 2 shareholders |
Form of shares | Non transferable participations | Bearer or registered shares |
Managers and/or directors | Minimum 1, must be Paraguayan citizen or resident | Minimum 1 director, must be Paraguayan citizen or resident, plus 1 internal auditor |
Other important features | May not engage in banking, insurance, or financial services business | May apply for stock exchange listing |
Time to set up | Almost immediate | 45–60 days |
When the King of Rock and Roll died in August 1977, his estate was valued at more than US$10 million....
Read moreWhen the King of Rock and Roll died in August 1977, his estate was valued at more than US$10 million....
Read moreWhen the King of Rock and Roll died in August 1977, his estate was valued at...
Read moreGun laws vary in every country. It is important to understand that gun ownership is a privilege, not a right. Gun laws are strictly enforced, and draconian measures apply for anyone found with an unlicensed gun or ammunition. You can apply for a gun permit as a legal resident in Panama, Belize, Nicaragua, and Ecuador. You’ll be limited in each case as to the number of guns you can own and also restricted as to the types of weapons you can keep, but...
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