About a year ago, Paraguay’s Ministry of Industry and Commerce launched the website to incorporate simplified shares companies (Empresas por Acciones Simplificadas or EAS as per its acronym in Spanish).

What are EAS?

EAS are a new legal entity quite flexible and cheap regarding their incorporation and day-to-day functioning. It works in a similar way to a joint stock corporation, but allowing to save certain costs like notary’s fees for making a public deed for the bylaws, incorporation expenses, as well as annual costs for publicizing the calls to annual shareholders’ meetings.

The process to incorporate an EAS is 99% online, having only one in-person process to make, which is attending the Paraguayan tax authority to obtain the company’s taxpayer number once it is incorporated.

Creating an EAS does not take longer than a week, which allows to have a fully functioning company in no time.

Maybe even one of the most interesting things about this corporate figure is that it allows the incorporation of EAS with a single shareholder. This allows that someone that wishes to start a business alone, is able to separate their personal financial resources to the resources allocated to the business, since the EAS is a legal entity different to its partner or partners.

Contact Us

Stop delaying starting a business in Paraguay and contact us to info@romachlaw.com to create your EAS in no time.