Paraguay has a population of over 7 million people. Thriving industries include agriculture, manufacturing, and energy. Paraguay offers a variety of company formations, and with a tax rate of 10%, it is attractive for companies looking to expand.

Labor and Payroll Considerations in Paraguay:

  • Employment contracts can be written or oral
  • The minimum wage is 2,200,000 PYG per month ($333 USD)
  • Income tax and social security are withheld from employee pay
  • Employers must contribute to social security
  • Foreign workers need a work authorization for employment lasting longer than 90 days

Getting started or simplifying operations in Paraguay can be challenging but Blue Marble can help. Our cloud-based payroll technology with customized reporting gives you real-time access to your payroll across all countries and currencies. We have a hybrid service model with a dedicated US-based team and direct access to in-country experts when questions come up. Talk to us about easy-to-use payroll solutions in Paraguay.