What are the types of companies in Paraguay?

There are various types of companies in Paraguay. These are:

1. Personal Company (Empresa Unipersonal): These are small businesses owned and managed by one person.

2. General Partnership (Sociedad Colectiva): These are companies operated by at least two people and with equal responsibility and profit sharing among the partners.

3. Limited Company (Sociedad de Responsabilidad Limitada): These are companies owned by at least two partners and with limited responsibilities. Partners have limited liability for the company's debts.

4. Joint Stock Company (Sociedad Anónima): These are companies owned by at least five partners and represented by shares. Partners have limited liability for the company's debts.

5. Cooperative Company (Sociedad Cooperativa): These are companies that are managed democratically by the partners and distribute profits to the partners. Such companies generally operate in the agricultural, commercial and service sectors.

6. Foreign Company (Empresa Extranjera): These are companies established by a foreign company to operate in Paraguay. Such companies are subject to Paraguayan law and regulations. Each of these company types may have different advantages and regulations. It is recommended that those who want to establish a company choose the most suitable company type by getting professional consultancy service.