The first quarter of 2019 reported a total of USD 146.9 million in investments within the incentive regimes (with capital of national and foreign origin). This investment regime benefits companies located in eight departments throughout the country and will have a high impact on the national economy.
During this quarter, 31 projects were approved, of which:
- 81% belong to the manufacturing sector,
- 7% belong to the agricultural sector,
- 6% corresponds to the services and mining and quarrying sector.
The Ministry of Finance is interested in promoting private investments to support the development of the industrial and productive sector, generate more jobs and formalize the economy.
To access these incentives, companies can start their procedures at the MIC's Single Window for Exports (VUE) portal, www.vue.org.py/, the company must comply with the formal requirements established in Law 60/90. On the other hand, the companies of the maquiladora industry must inform themselves of the requirements by contacting the Executive Secretariat of the National Council of the Maquiladora Export Industry (under the MIC).
For more information on how to access the benefits of the incentive schemes, please do not hesitate to contact Rodolfo G. Vouga (rgvouga@vouga.com.py) or Andrés Vera (avera@vouga.com.py).
Source: Paraguayan Information Agency
