Tax: up to 9%
Duties: up to 20%
Restricted items: Taxes on goods of certain COO
Non-working days: Saturday, Sunday, and Public Holidays
Lead times: 3-4 weeks
Best Carrier option: Freight Forwarder or Courier
Prominent Languages: Spanish; Guarani
Although still developing, the Tech scene in Paraguay is looking promising. Some exciting technologies coming out of the country include Poverty Spotlight, an application used to provide impoverished families with a plan to improve their situation. This technology has since been adopted in more than 18 countries.
The local government is also actively encouraging foreign investment. This is incentivized by offering the lowest tax burden in the region to foreign investors. There has also been a push towards growing the startup ecosystem in the country, particularly surrounding the Tech space. However, this has only had limited success as Paraguay is still ranked as one of the most difficult countries in which to start a business. The country also experiences high levels of corruption. While this may deter some, working in the countries favor is its macroeconomic stability, and drive to improve its technological footprint make it an enticing country in the LATAM region.
Despite encouraging foreign investment, importing into Paraguay is complex. Restrictions on goods from certain countries require additional compliance and incur additional tax. Contact one of our TecEx specialists for a tailor-made solution to help clear your goods through customs quickly and reliably.
Learn more about importing into South America here!
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