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Paraguay – To encourage business development and attract foreign investment, the Paraguayan government has introduced a new entity type called the Empresas por Acciones Simplificadas (EAS), otherwise known as the Simplified Shares Company.
Enacted in January 2020, Law No. 6480 establishes a more simplified process of entity incorporation via the EAS, with faster processing times and reduced administrative costs for companies looking to do business in this jurisdiction.
The main characteristics of a Simplified Shares Company or EAS are:
Some legal and regulatory aspects of the EAS are yet to be defined. For example, financial institution are still in process of establishing procedures allowing an EAS to open a bank account as quickly as possible.
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