Brazilian companies fleeing to Paraguay for better business, reports Healy Consultants

Press Release ( - RIO DE JANEIRO, Brazil - Jul 19, 2016 - In 2015 alone, the economy of one the region’s powerhouses, Brazil, shrank by at least 3.8% and recently by 5.89% in the first quarter of this year. The unemployment rate is rapidly rising; with an inflation of over 10%, and over the past year the Brazilian real has lost 24% of its value against the US dollar.

“The political crisis stemming from the Petrobras investigation has created uncertainties, and this has affected consumer and corporate trust in the economy,” said Christine Lagarde, the Managing Director of International Monetary Fund (IMF) during a media interview.

With these negative developments, and persuaded by Brazil’s National Confederation of Industry (CNI), more than 50 Brazilian companies have opted to transfer their production lines to Paraguay.

CNI, the Brazilian body that works towards the internalization of Brazilian SMEs and products, stated that the present Paraguay government enjoys political stability and is business friendly.

Paraguay offers various incentives to Brazilian and global business owners that include lower taxes, affordable electricity, the very attractive “Maquila Law” a program that provides for tax exemption for foreign entities seeking to import raw materials and machinery into Paraguay.

Other incentives that make Paraguay attractive include the presence of free trade zones open for both local and international companies, exemption from payment of import tariffs and VAT form imports among other various tax incentive regimes.

Healy Consultants is a professional corporate services provider headquartered in Singapore and with a presence in Paraguay since the year 2003. The company helps global entrepreneurs looking to establish their international businesses in different sectors of the economy with, among others, company registration, tax and vat registration, assistance with obtaining business licenses and official business addresses, opening a corporate and merchant bank account and obtaining work or residence visas.

Source : Healy Consultants

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