Taxes, joys (few), pain (so much) for Italian entrepreneurs. No wonder that more and more Italian businessmen are looking for new areas to start their business and even relocate them. Among emerging and fiscally advantageous countries, there is Paraguay, precisely because of its tax system, that is the most competitive of South America and maybe of the whole world.
The Paraguayan currency is stable with an inflation rate of 5%.
The market economy is sound and its growth is approximately 5% per year.
In short, you understand why this little State in the hearth of South America in the near future is intended to be the booster of the area. The credit also goes to its flourishing democratic Government and its excellent security. Paraguay is a young country and 70% of its people are under 35: there are many reasons why is worth investing in Paraguay and there are also many sectors to keep an eye on.
Precisely for these potentials and because many of our compatriots are interested in investing in Paraguay, the Italian Embassy in Paraguay and ICE (an Agency that collaborates with the Italian- Paraguayan Chamber of Commerce and the Italian-Latin American Institute) organized a Business Forum for those Italian Companies interested in discovering the business and investment opportunities in Paraguay.
The event took place on 21 and 22 May 2019 in the cities of Asunción and Ciudad del Este.
During this Forum, the highest authorities of the country and the heads of mayor trade associations submitted to Italian entrepreneurial delegation the specific features of Paraguayan economy and its governmental programmes and incentives, that made Paraguay the country with the highest rates of growth of south American region.
Furthermore, its location at the centre of the South American land, puts Paraguay in a strategic position as regards the production of goods intended for large markets of the region.
There were presentation from the ministers of economic area, thematic groups and B2B sessions.
Sectors identified as prioritised were: infrastructure, agro-industry, construction, technology and innovation, logistics and electricity.
In short, it was a big date for all Italian entrepreneurs who are going to invest abroad and are especially interested in this little but promising south American State.