“In Paraguay the Italian entrepreneurs are among the best investors in real estate, in tourism and in services”, tell us Victor Lorente? CEO of the company Living in Paraguay , specialized in legal advice for moves and investments in Paraguay.
A rapidly growing economy and a country, Paraguay, that is still little known.
Paraguay impresses with its warm and mild climate all year round and for the hospitality of its people. It is even easy to reach it from Europe (there is a daily flight from Madrid, Spain).
But, as Victor Lorente confirms, there are also other reasons.
“Why should you invest in Paraguay? Simply because people residing in Paraguay, either natural or legal persons, benefit from the territorial taxation, that is they pay absolutely nothing on their activity outside the country and for their internal activities the taxation is very low if we compare it with the European or North American average tax burden”.
Paraguay is at the top in the world as regards the indicator of economic freedom and as Bernasconi points out: “Its currency is stable and secure, just like economy that is prosperous and reliable. Moreover, the permanent residence and the Paraguayan Identity Card allow to travel freely to Argentine, Brazil, Uruguay and to other Mercosur countries without any passport”. And all these aspects are very interesting for a future entrepreneur.
According to a statistic of the Register of Italians living abroad in 2016, our compatriots living in Paraguay are about 10.000, a data also confirmed by Lorente, who adds: “a very high rate of growth in the last months, due to financial stability of the country and to the very low debt on Gross Domestic Product (27%).”