Landlocked Paraguay is located in South America, surrounded by Argentina, Bolivia and Brazil. Most of the population is of mixed Spanish and Guarani descent, known as mestizos, and speak the indigenous language Guarani as well as Spanish.

The terrain is mainly grassy plains and wooded hills in the east and low, marshy plains to the west. Winds play a major role in influencing Paraguay’s weather: between October and March, warm winds blow from the Amazon Basin in the north, while the period between May and August brings cold winds from the Andes.

Nearly 10% of its population lives in its capital and largest city, Asunción. Nearly 90% of its population practices Roman Catholicism. Paraguay’s cuisine includes several popular dishes influenced by its dual Spanish and indigenous cultures, such as manioc, a local staple crop similar to the yuca also known as Cassava root. Other dishes include sopa paraguaya, similar to a thick cornbread. Another notable food is chipa, a bagel-like bread made from cornmeal, manioc, and cheese.

2021
April 1Maundy Thursday
April 2Good Friday
May 1Labor Day / May Day
May 14National Holiday
May 15Independence Day
June 12Chaco Armistice
August 15Founding of Asuncion
September 29Boqueron Battle Victory Day
December 8Virgin of Caacupé Day
December 25Christmas Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 10%
  • Income Tax (Lowest Marginal Rate): 8%
  • Income Tax (Highest Marginal Rate): 10%
  • VAT/GST/Sales Tax: 10%
  • Banco Nacinal de Fomento (State Bank)
  • Banco Sudameris (Foreign Bank)
  • Citibank (Private Bank)
  • Banco do Barsil (Private Bank)
  • Banco de la Nacion Argentina (Private Bank)
  • Banco Itau Paraguay (Private Bank)
  • BBVA Paraguay (Private Bank)
  • HSBC Paraguay (Private Bank)

Aadmi can support you with your expansion to Paraguay. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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