Paraguay, a small landlocked country in South America, is one of the fastest-growing economies in the region. With a population of around 7 million, it has a diversified economy and offers many investment benefits:
Strategic Location
Paraguay is strategically located in the heart of South America, with easy access to major markets in the region. It shares borders with Brazil, Argentina, and Bolivia, making it an ideal location for businesses looking to expand their operations in the region.
Political Stability
Paraguay has a stable political environment, with a democratically elected government and a strong commitment to economic growth and development. This provides a conducive environment for businesses to operate and invest in the country.
Business-friendly Environment
Paraguay has implemented several policies to attract foreign investment and promote business growth. The country offers tax incentives for foreign investors, and there're no restrictions on the repatriation of profits or capital. Additionally, Paraguay has a stable political environment and a well-developed legal system that provides protection for investors.
Growing Middle Class
Paraguay has a rapidly growing middle class, which is driving demand for consumer goods and services. This presents an opportunity for businesses to tap into this growing market and expand their customer base.
Abundant Natural Resources
Paraguay is rich in natural resources, and 95% of its territory is suitable for food production. The country is the world's fourth-largest exporter of soybeans and has a growing livestock industry. Paraguay also has significant reserves of minerals such as iron, gold, and titanium.
Low-cost Energy
Paraguay generates 100% of its electricity from renewable sources and is the world's largest exporter of renewable energy. The country only consumes 10% of the energy it produces. This means businesses benefit from the lowest electricity prices in the region in the region.
Infrastructure Development
Paraguay invests heavily in infrastructure development, particularly transportation, and energy. The country is expanding its road network and improving its ports and airports to facilitate trade and investment.
Young Motivated Cost-competitive Workforce
Paraguay has a relatively low cost of labor compared to other countries in the region, and 70% of the population is under 35. This makes it an attractive location for businesses looking to reduce their production costs and increase profitability.
Free Trade Agreements
Paraguay has signed free trade agreements with several countries, including Brazil, Argentina, and Uruguay. This gives businesses like ours preferential access to these markets, reducing costs and increasing competitiveness.
million
thousand km2
of GDP
(April 2022)
USD
(2021)
Summary:
Paraguay's strategic location, business-friendly environment, abundant natural resources, growing middle class, competitive labor costs, low energy prices, infrastructure development, political stability, and free trade agreements make it an attractive destination for investment. As the country continues to develop and grow, investment opportunities will continue to expand, providing investors with long-term benefits and returns.