Paraguay is without doubt one of the finest international locations to put money into Latin America when it comes to the benefit of launching a enterprise and the rising alternatives out there within the nation, in response to Inter-American Development Bank (IDB) President Mauricio Claver-Carone.
“If I were a foreign company, one of my first destinations would be Paraguay, due to the current investment environment that is ideal for doing business,” Claver-Carone was reported as saying throughout a gathering with Paraguayan President Mario Abdo Benítez and varied ministers from his authorities on September 13.
In that assembly Claver-Carone additionally lauded Paraguay’s skill to extend overseas direct funding (FDI) in the course of the pandemic, bucking the regional pattern.
“That Paraguay is one of the five countries in Latin America and the Caribbean that have increased foreign investment during the pandemic in 2020 despite a regional drop of almost 40% in foreign investment is a milestone that must be known ” he reportedly told the media after the assembly.
According to Claver-Carone, Paraguay’s secure politics and vital human capital — together with one of many youngest workforces within the area — mix to imply that “all the chips for success are on the table,” reinforcing the nation’s standing as probably the greatest international locations to put money into Latin America.
The IDB president also highlighted Paraguay’s standing as a regional chief in renewable vitality — a sector of rising significance as economies search to develop extra sustainable futures.
Pandemic insurance policies make Paraguay one in every of finest international locations to put money into Latin America
Since the onset of the worldwide COVID-19 pandemic within the early months of 2020, Paraguay has launched numerous insurance policies which have helped to draw FDI and make it probably the greatest international locations to put money into Latin America.
In the latter a part of 2020, the government announced that it could be streamlining the residency course of for overseas buyers, in addition to selling the nation’s low-tax regime and long run stability, with the intention to stimulate better funding.
“Here there is no history of confiscations or changes to the rules for investment,” mentioned then-Finance Minister Benigno López when saying the initiative.
Meanwhile, in January 2021, the federal government issued a decree to consolidate rules for transfer pricing in Paraguay which had been first launched in 2019 with the intention to deliver the nation consistent with requirements established by the Organisation for Economic Co-operation and Development (OECD).
Known because the “good practice club,” the OECD is thought for its stringent calls for for democratic and free market commerce practices that encourage investor confidence.
As effectively as its political stability and vital human capital, Paraguay boasts numerous sturdy funding alternatives past renewable vitality that assist to make it probably the greatest international locations to put money into Latin America.
Those complement a well-established agriculture sector, with soybeans largely used for animal feed and meat among the many most essential merchandise, in addition to vital oil and fuel reserves.
Paraguay can also be in negotiations with Chile for its first bilateral free commerce settlement (FTA) — which guarantees to create vital alternatives for buyers.
That will add to the free commerce entry it enjoys to key markets by its membership of the Southern Common Market (Mercosur) — a 30-year previous financial integration initiative that additionally contains Argentina, Brazil, and Uruguay.
Biz Latin Hub can help you doing enterprise in Latin America
At Biz Latin Hub, our bilingual Paraguayan workforce of company help specialists has the expertise and experience that will help you benefit from the alternatives that make áraguay probably the greatest international locations to put money into Latin America.
We supply a complete portfolio, together with company formation, accounting & taxation, legal services, visa processing, and hiring & PEO, which means we are able to present a bespoke bundle of built-in companies to satisfy each want.
Contact us now to debate how we are able to help you in Paraguay, or any of the opposite 17 markets round Latin America and the Caribbean the place we help buyers.
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