Paraguay is a landlocked country in South America that is becoming increasingly attractive to foreign investors due to its stable economy and business-friendly environment. If you’re considering setting up a business in Paraguay, you’ll need to know the steps involved in registering your business.
Here’s a comprehensive guide on how to register a business in Paraguay:
Table of Contents
Step 1: Choose a Legal Structure
Before registering your business, you need to choose the legal structure that best suits your business needs. In Paraguay, the most common legal structures are:
Sociedad Anónima (SA) – this is a public limited company that can be listed on the stock exchange.
Sociedad de Responsabilidad Limitada (SRL) – this is a private limited liability company.
Sociedad en Comandita Simple (SCS) – this is a limited partnership that has two types of partners: active partners and silent partners.
Step 2: Register Your Business Name
Once you’ve decided on the legal structure of your business, you need to register your business name with the National Directorate of Intellectual Property (DINAPI). DINAPI is responsible for registering trademarks, patents, and other forms of intellectual property in Paraguay.
To register your business name, you need to submit the following documents to DINAPI:
A copy of your identification document (passport or identity card)
A power of attorney, if you’re using a representative
A signed and notarized declaration of ownership of the trademark
A list of goods and services related to your business
Step 3: Register Your Business
To register your business, you need to submit the following documents to the Registry of Commerce:
A notarized copy of your ID or passport
A notarized copy of your business name registration certificate
A notarized copy of your articles of association
Proof of payment of the registration fee
Step 4: Register for Taxes
Once you’ve registered your business, you need to register for taxes with the National Directorate of Taxes and Customs (SET). You’ll need to obtain a Tax ID number (RUC) and register for VAT (IVA).
To register for taxes, you need to submit the following documents to SET:
A notarized copy of your ID or passport
A notarized copy of your business registration certificate
A copy of your articles of association
Proof of payment of the registration fee
Step 5: Obtain Licenses and Permits
Depending on the nature of your business, you may need to obtain additional licenses and permits from the relevant authorities. For example, if you’re setting up a restaurant, you’ll need to obtain a health permit and a food handling permit from the Ministry of Health.
It’s important to note that the requirements for obtaining licenses and permits may vary depending on the region where your business is located.
Generis Global can help you with your business in Paraguay Navigating the legal requirements for setting up a business in Paraguay can be complex and time-consuming. Generis Global can help simplify the process for you. Our team of experienced lawyers and consultants can guide you through the entire process of registering your business in Paraguay, ensuring that you comply with all the necessary legal requirements.
If you’re interested in setting up a business in Paraguay, contact Generis Global today to learn more about how we can help you with the legal part of your business journey in this country.