Paraguay

Ease of Doing Business in

Paraguay

This page summarizes Doing Business 2014 data for Paraguay. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Lower middle income
Population 6,687,361
GNI Per Capita (US$) 3,290
City covered Asuncion
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
109 107 down -2

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
61.10 60.72 down 0.38
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 113 DB 2013 Rank*** 110 Change in Rank down-3
DB 2014 DTF** (% points) 76.43 DB 2013 DTF** (% points) 76.12 Change in DTF** (% points) up0.31

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Paraguay Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
7 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
35.0 36.1 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
44.2 33.1 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 3.6 10.4
No. Procedure Time to Complete Associated Costs
1 Check the uniqueness of the proposed company name 1 day no charge
2 Draft the company deeds, signed by an attorney 5 days 1 - 3% of the paid-in capital stock of the company with minimum USD 600
3 Notarize the company deeds 3 days 0.75% or 2% of the paid-in capital stock of the Company, depending on the capital
4 Buy the company commercial books 1 day 22 USD (books) + USD 6.56 (Authorization of books)+ 0.21 USD (Employee registration, Ministry of Labor and Justice)
5 Submit registration documents at the single access window (SUAE) 25 days See comments
* 6 Publication of an extract of the bylaws in the Official Gazette and a newspaper 4 days, after registration with the Public Registry of Juridical Persons and Associations is completed (simultaneous with previous procedure) USD 19 Official Gazette + USD 133 newspaper
* 7 Municipality conducts an on site inspection 2 days, (simultaneous with procedure 5) no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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