What are the documents required to establish a company in Paraguay?
To establish a company in Paraguay, you must complete the following documents:
1. Form of the Company: First, you must determine the form in which the company will be established. The most common types of companies in Paraguay are: Sociedad Anónima (S.A.) - joint stock company, Sociedad de Responsabilidad Limitada (S.R.L.) - limited liability company, and Sociedad por Acciones Simplificada (S.A.S.) - simplified joint stock company. Once you have decided on the form of the company, you need to prepare documents specific to the relevant company type.
2. Company Name: You must choose a name for your company. This name must be approved by the Paraguayan government and must not conflict with the name of another company.
3. Company Agreement: You need to prepare a company agreement that includes all the details of the company. The contract should include the purpose of the company, the amount of capital, the rights and responsibilities of shareholders, the management structure and other important details.
4. Capital: You must provide sufficient capital to your company. The amount of capital may vary depending on the type of company.
5. Notary Approval: The company's founding documents must be approved by a notary. These documents include the articles of incorporation, shares, and other important documents of the company.
6. Trade Registry Registration: You must register your company in the Paraguay Trade Registry. You must submit the necessary documents to complete registration.
7. Tax Number: You must obtain a tax number belonging to your company. To obtain a tax number, you must apply to the Paraguayan Tax Office.
8. Business License: Special business licenses may be required for companies operating in some sectors. In order to obtain these licenses, you must apply to the relevant institutions.
9. Occupational Health and Safety Certificate: You must obtain a document showing that your company complies with occupational health and safety standards. You can obtain this document from the Paraguayan Ministry of Labor.
10. Business License: Some companies require a business license. In order to obtain this license, you must apply to the relevant municipality. In addition to these documents, you must open a bank account for your company and complete other financial requirements. It is also important to insure your company. It may also be helpful to get support from a lawyer or consultant during the company formation process.
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