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Employer of Record in Paraguay
EOR PARAGUAY
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record in Paraguay solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
7.3 MILLION
total population in 202141.31 USD BILLION
expected GDP in 2023Paraguay is a landlocked country in South America. Despite its population, it has a growing middle-class that represents 25% of its people. Expanding your business in Paraguay is a straightforward process. They welcome foreign investors to enter their market and you can start your operations within 10 weeks. Alternative energy sources and other agriculture are the main industries in the country. Its GDP is projected to trend around 39.2 USD Billion this year.
PUBLIC HOLIDAYS: 13
- New Year’s Day- January 1
- Day of Heroes - March 1
- Maundy Thursday - varies
- Good Friday - varies
- Easter Sunday - varies
- Labor Day - May 1
- Independence Day - May 14
- Mother’s Day - varies
- Chaco Armistice Day - June 12
- Founding of Asuncion - August 15
- Boqueron Battle Victory Day - September 29
- Virgin of Caacupe Day - December 8
- Christmas Day - December 25
SOCIAL SECURITY AND TAXATION
- Employer Contribution: 16.50%
MINIMUM WAGE
1,824,055 Paraguayan guaraníes per month
WORK HOURS
8 hours a day
OVERTIME RATE
150% of the normal rate
PROBATIONARY PERIOD
3 months
ANNUAL LEAVE CREDITS
12 days
MATERNITY LEAVE
18 weeks
PATERNITY LEAVE
2 weeks
SICK LEAVE
up to 4 months
60% for 5 years or less
80% for 5-8 years
100% for more than 8 years
BONUSES
- The 13th-month salary and Christmas bonus are mandated by law.
*Info is not binding, may vary, and is provided only as an indication.
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