Economic Overview
-
Paraguay Economy – overview
http://www.indexmundi.com/paraguay/economy_overview.html
Landlocked Paraguay has a market economy distinguished by a large informal sector, featuring re-export of imported consumer goods to neighboring countries, as well as the activities of thousands of microenterprises and urban street vendors. A large percentage of the population, especially in rural areas, derives its living from agricultural activity, often on a subsistence basis. Because of the importance of the informal sector, accurate economic measures are difficult to obtain.
-
Paraguay Overview – World Bank
http://www.worldbank.org/en/country/paraguay/overview
The Paraguayan economy is small and open, with an average growth rate of 5% over the past decade, despite the volatility of that period.
Industry Trends & Business Climate
-
Paraguay – US Department of State
http://www.state.gov/e/eb/rls/othr/ics/2015/241701.htm
Paraguay has a small but rapidly growing open economy with a strong macroeconomic position and the potential for continued growth over the next decade. Major drivers of economic growth in Paraguay are the agriculture, retail, and construction sectors. The Government of Paraguay encourages private foreign investment. Paraguayan law grants investors tax breaks, permits full repatriation of capital and profits, supports assembly plant operations, and guarantees national treatment for foreign investors.
-
Paraguay Economy: Population, GDP, Inflation, Business
http://www.heritage.org/index/country/paraguay
This site provides an index of key business statistics
Establishing a Presence
-
Business Types – Starting a Business in Paraguay – Doing Business
http://www.doingbusiness.org/data/exploreeconomies/paraguay/starting-a-business
Comprehensive report on all aspects of doing business in Paraguay from the World bank
-
Business Registration Requirements – Starting a Business in Paraguay
http://www.doingbusiness.org/data/exploreeconomies/paraguay/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Paraguay.
Taxes
-
Paraguay – Corporate tax administration
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Paraguay-Corporate-Taxes-on-corporate-income
For income from commercial, industrial, and service activities, the general income tax rate of 10% applies.
-
Taxes on personal income – Worldwide Tax Summaries
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Paraguay-Individual-Taxes-on-personal-income
The general personal income tax (PIT) rate is 10% for individuals with residence in Paraguay who obtain an annual income equal to or higher than 120 monthly minimum salaries. The salary to be used is that which is in force on 1 January of every year.
-
Paraguay Sales Tax Rate | VAT
http://www.tradingeconomics.com/paraguay/sales-tax-rate
The Sales Tax Rate in Paraguay stands at 10 percent.
-
Paraguay Corporate Tax Rate
http://www.tradingeconomics.com/paraguay/corporate-tax-rate
The Corporate Tax Rate in Paraguay stands at 10 percent. Corporate Tax Rate in Paraguay averaged 18.95 percent from 1997 until 2015, reaching an all time high of 30 percent in 1998 and a record low of 10 percent in 2006. Corporate Tax Rate in Paraguay is reported by the Dirección General de Administración y Finanzas.
Visas
-
Paraguay – US Department of State
http://travel.state.gov/content/passports/english/country/paraguay.html
See “Entry, Exit & Visa Requirements
-
Visa policy of Paraguay
https://en.wikipedia.org/wiki/Visa_policy_of_Paraguay
A foreign national wishing to enter Paraguay must obtain a visa unless he or she is a citizen of one of the eligible visa exempt countries.
Infrastructure
-
Transport in Paraguay
http://www.visitparaguay.net/paraguay-guide/transport-paraguay.html
Transportation in Paraguay is very different to what most people are used to back at home. In some regions it is adequate and passable, whereas in other it could be called incredibly poor.
-
Telecom – Latin America – Telecoms, Mobile and Broadband
http://www.budde.com.au/Research/Paraguay-Telecoms-Mobile-and-Broadband-Market-Insights-and-Statistics.html?r=51
The state-owned incumbent, Corporación Paraguaya de Comunicaciones (Copaco), retains a monopoly on all fixed-line voice services, including local telephony, international long distance telephony, and VoIP. In the mobile market, however, there has been competition since 1998. The internet market is also open to competition, and there are over a dozen ISPs offering services. Copaco lost its monopoly over the international backbone for internet connectivity in early 2009. – See more at: http://www.budde.com.au/Research/Paraguay-Telecoms-Mobile-and-Broadband-Market-Insights-and-Statistics.html?r=51#sthash.N2xuHJPT.dpuf
-
Best Paraguay Transportation on VirtualTourist
http://www.virtualtourist.com/travel/South_America/Paraguay/Transportation-Paraguay-TG-C-1.html
A summary of all forms of public transportation in Paraguay
-
Telecommunications in Paraguay
https://en.wikipedia.org/wiki/Telecommunications_in_Paraguay
Telecommunications in Paraguay are meager. Paraguay has the lowest fixed-line telephone density in South America, with 5.6 lines per 100 residents, compared with 8.7 per 100 in Bolivia, 21.9 in Brazil, and 24.9 in Argentina.
Employer Obligations
-
Labor Market Regulation in Paraguay
http://www.doingbusiness.org/data/exploreeconomies/paraguay/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, or make workers redundant for economic reasons in Paraguay.
-
Paraguay Facts, information, pictures
http://www.encyclopedia.com/topic/Paraguay.aspx
See Section on “Labor”
Culture/Living
-
Climate – Paraguay Weather, Climate and Geography
http://www.worldtravelguide.net/paraguay/weather-climate-geography
Subtropical with rapid changes in temperature throughout the year. Summer (December to March) can be very hot. Winter (June to September) is mild with few cold days. Rainfall is heaviest from December to March.
-
Education in Paraguay – Wikipedia
https://en.wikipedia.org/wiki/Education_in_Paraguay
A considerable part of the annual budget is dedicated to improve the education system in Paraguay. The development of several public secondary schools and universities in the country has enhanced the educational system in Paraguay to a large extent.
-
Education – Paraguay Education System – Classbase
http://www.classbase.com/countries/Paraguay/Education-System
Education has not always received the recognition it deserves in Paraguay. These days this is changing as political stability returns, although the poorer children in more rural areas still are not reached by the same opportunities, especially in terms of hours per day at school
-
Holidays and observances in Paraguay
http://www.timeanddate.com/holidays/paraguay/
National and seasonal holidays in Paraguay
-
safety – Paraguay – US Department of State
http://travel.state.gov/content/passports/english/country/paraguay.html
Go to “Safety and Security” on this US Department of State site
-
Safety and security
https://www.gov.uk/foreign-travel-advice/paraguay/safety-and-security
Safe travel advice from the UK government
-
Climate in Paraguay
http://traveltips.usatoday.com/climate-paraguay-summer-winter-105119.html
The environment ranges from the arid desolation of the north, to sticky subtropical rain forests and wetland ecosystems. Because Paraguay is in the southern hemisphere, the country’s winter aligns with the North American summer and vice versa.
-
Holidays 2015 and 2016
http://publicholidays.la/paraguay/
Public and religious holidays
-
Demographics – Paraguay Demographics Profile
http://www.indexmundi.com/paraguay/demographics_profile.html
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
-
Demographics – Business Guide Paraguay – World Services Group
http://www.worldservicesgroup.com/countries.asp?c=pa&country=Paraguay
A detailed demographic profile of Paraguay
-
Cost of Living in Paraguay
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Paraguay
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
-
Cost of Living in Paraguay
http://www.globalpropertyguide.com/Latin-America/Paraguay/currency-value
Aof living costs in paraguay versus other countries in South America
-
Business Etiquette – Do’s and Don’ts when Doing Business in Paraguay
http://photos.state.gov/libraries/adana/5/business/Advice%20for%20Success%20in%20Paraguay.pdf
The dos and don’ts of business etiquette in Paraguay
-
Business Etiquette – The Proper Etiquette In Paraguay
http://www.traveletiquette.co.uk/etiquetteparaguay.html
Communication, dining and dress etiquette
Trade
-
Trade Agreements – Paraguay and the WTO
https://www.wto.org/english/thewto_e/countries_e/paraguay_e.htm
This site provides key information on Paraguay’s participation in the WTO. Paraguay has been a WTO member since 1 January 1995 and a member of GATT since 6 January 1994.
-
Import/Export Regulations – Paraguay – (OTEXA) Market Reports/Tariffs
http://web.ita.doc.gov/tacgi/overseasnew.nsf/alldata/Paraguay
Import tariffs, documentation procedures and restrictions
-
Import/Export Regulations – Paraguayan Customs: Regulations, Export-Import
https://paraguay.visahq.com/customs/
Paraguay Customs regulations and procedures for importing and exporting goods at Paraguayan border.
-
Paraguay Free trade agreements (FTA)
http://en.reingex.com/Paraguay-FTA-Agreements.shtml
Information on trade agreements in force by country
Housing and Rentals
-
Paraguay Hotels, Hostels & Accommodation
http://www.lonelyplanet.com/paraguay/hotels
Hotel and other options in cities in Paraguay
-
Vacation rentals: apartments, rooms & Beach Houses
http://paraguay.gabinohome.com/en
Listings of hotels, apartments, rooms and beach houses
Travel
-
Trade Agreements – Paraguay – Lonely Planet
http://www.lonelyplanet.com/paraguay
Little-visited, little-known Paraguay is a country much misunderstood. Despite its location at the heart of the continent, it is all too often passed over by travelers who wrongly assume that a lack of ‘mega-attractions’ means there’s nothing to see. But it’s ideal for those keen to get off the gringo trail for a truly authentic South American experience.
-
Paraguay Travel Guide and Travel Information
http://www.worldtravelguide.net/paraguay
Expert Paraguay travel guide including detailed information about everything you need to know about Paraguay.