Paraguay
Make employment in Paraguay easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Paraguay, all in one easy-to-use platform.
- Capital City
Asunción
- Currency
Paraguayan guaraní (₲, PYG)
- Languages
Guaraní and Spanish
- Population size
7,303,000
Facts & Stats
- Capital City
Asunción
- Currency
Paraguayan guaraní (₲, PYG)
- Languages
Guaraní and Spanish
- Population size
7,303,000
- Ease of doing business
Medium
- Cost of living index
30.72 (2021)
- Payroll frequency
Monthly
- VAT - standard rate
10%
- GDP - real growth rate
-0.6% (2020)
The Republic of Paraguay (República del Paraguay) is a South American representative democracy that’s famous for its passionate football culture, one of the world’s leading hydroelectric projects, and a fun-loving population of friendly locals.
With a developing economy that's seen dazzling double-figure GDP growth over the past decade, Paraguay holds promise for businesses looking to expand into South America. The relatively low cost of living combined with a temperate climate and breathtaking natural beauty means that Paraguay is a tempting destination for remote workers and digital nomads.
Grow your team in Paraguay with Remote
Want to employ workers in Paraguay? Companies hiring in Paraguay are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.
Remote can employ team members in Paraguay and keep you compliant. Remote can hire, onboard, and pay your Paraguay team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Paraguay. now to get started or talk to an expert for more details.
Risks of misclassification
Paraguay, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Paraguay may lead to fines and penalties for the offending company.
Employing in Paraguay
We can help you get a new employee started in Paraguay fast. The minimum onboarding time we need is only 10 working days.
The Paraguayan Labor Code of 1993 spells out provisions for employee protections and workers’ rights for Paraguay’s workforce of 3.5 million. Employees in Paraguay enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.
Common questions that could come up during the hiring process include minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Paraguay.
Onboarding Time
We can help you get a new employee started in Paraguay fast. The minimum onboarding time we need is only 5 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
12 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR Paraguay: Take the Tour
Competitive benefits package in Paraguay
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.
Our benefits packages in Paraguay are tailored to fulfill the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Flexible work schedule
Pension or 401(K)
Life and Disability Insurance
Other Insurance
Fair Pricing in Paraguay
Employer of Record
$599
paid annually, or $699/month paid monthly
Top features
Hire without opening a local entity
Guided onboarding
Local payroll paid on time, every time
Built-in security and compliance
Flexible, localized benefits
Offer equity incentives with tax assistance
Dedicated experts for local support
Contractor Management
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with international contractors
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
$29
per employee/month
Top features
Powerful, transparent international payroll
Simple self-service platform
Personalized support from dedicated specialists
Adhere to local payroll regulations in every country
Integrated payroll, expense management, and HRIS solution
Top features
Guided onboarding and offboarding
Employee profile and document management
Contract templates and e-signing
Time off and time tracking
Expense management
Employee and manager self-serve experiencea
Mobile app