In the last few months we have detected an important interest of Argentine businessmen who are tempted to expand their business to Paraguay, a country that for some years now has been considered the ideal place to invest and bet on the opening of new markets.
Thus, our service of Residence and Company Opening in Paraguay was one of the most consulted and contracted in the last time. There are many reasons and we are here to tell you about them.
Tax regimes
Many Argentines decide to set up their companies in the neighboring country due to its tax advantages and legal security. tax advantages and legal security. . Its tax burden is the lowest in Latin America: 10% Value Added Tax, 10% Corporate Income Tax and 10% personal income tax.
Maquila regime
Paraguay has an attractive maquila regime, which allows entrepreneurs to be competitive abroad. Raw materials and semi-finished goods are imported without paying taxes and duties imported without paying taxes and tariffs on condition that they undergo manufacturing processes and are then re-exported. In other words, it not only facilitates their transportation but also their production in the country and subsequent re-export.
The best opportunity to develop foreign trade!
This is the case of one of our Argentinean customers who imports bovine hides from China and then re-exports semi-finished bovine hides to Thailand, Uruguay, Argentina, China, Indonesia and Vietnam.
His experience was positive because it allowed him to quickly gain a market, something that is more difficult to achieve with his own resources.
Or, for example, another customer that purchases elastic and plastic-coated wire from the Chinese market and produces disposable face masks in Paraguay for the United States and Brazil.
That’s not all!
Five years ago, Paraguay was described by Global Finance magazine as “the mini China of South America”, something that is more valid than ever. It is the ideal country to import parts or raw materials, assemble or transform them at low cost and export the finished product to the entire region.
Three more reasons!
Among many of its incentives, Paraguay also stands out for its monetary, fiscal and legal stability. monetary, fiscal and legal stability.. It also has attractive investment laws.
The country also has an excellent labor cost-benefit ratio in the region and lower social charges on wages.
For all this and more, if you are interested in expanding your business to the neighboring country and you are still analyzing it, this article is your cue to take action!
And what better way to do it than to do it with the help of experts in international trade and commercial relations . We will accompany you in your growth plans and help you to detect business opportunities.
In addition, we adapt to your needs, either to work on improving your company’s internal processes or to open new markets.
Paraguay, with its booming economy and the opportunities it offers as an open and growing market, is an increasingly attractive place for Argentine businessmen to internationalize and maximize their profits.
However, it is important not to think about it only with the intention of selling, but to have an open mind to receive commercial proposals, due to its excellent conditions for industrial complementation.
Contact us now to find out the requirements and start the process. We will be happy to help you take the first step. Paraguay is waiting for you!
