Hire your remote team in Paraguay

Only 499 EUR per employee per month

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Hiring a remote team in a country as Paraguay comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR)聽solution helps companies hire remote employees in Paraguay. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Paraguay with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Paraguay, particularly if you don't have established local relationships. You can hire employees in Paraguay effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Paraguay.

As an employer of record, we help you hire employees and run payroll services in Paraguay, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Paraguay.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Paraguay or individually hire remote employees in Paraguay, Rivermate鈥檚 global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate鈥檚 Employer of Record Paraguay services can best help your company!

3. Hire a remote team in Paraguay

Paraguay is a South American country bordered by Brazil, Argentina, and Bolivia. The population is approximately 7 million, and the capital city is Asunci贸n. The economy of this country is heavily reliant on agricultural products. Every year, soya bean and meat exports contribute billions of dollars to the country's GDP. Despite the fact that the COVID-19 pandemic had a significant impact on the local economy, authorities and citizen cooperation allowed it to recover quickly. This country's history and culture are quite rich. Nature blooms in its purest form here. The country has a peaceful atmosphere due to its proximity to the coast, rivers, and beaches. It is recommended for people who want to live and work in a peaceful environment.

4. Cost of living in Paraguay

In Papua New Guinea, the average after-tax salary is $353, which is enough to cover living expenses for 0.7 months.

5. Cost of renting in Paraguay

People who want to explore an unspoiled land should visit Paraguay. The cost of living is 1.3 times lower than the global average. The people are friendly and welcoming, and the culture is diverse. The average monthly cost of living in Paraguay is around US $565 for an individual, but the table below provides detailed information on total expenditure in Paraguay.

The cost of renting a place in Paraguay is affected by a variety of factors, including the neighborhood you choose. The availability of resources in the immediate vicinity influences the rental costs of houses and apartments. However, it is clear that rents in this country are significantly lower than in other countries on the American continent. The average rent for a house is around $565 for an individual, and around $1393 for a family of four.

6. Major industries in Paraguay

The agricultural sector in Paraguay contributes the most to the country's economy. It accounts for approximately 27% of the country's GDP. It is the most consistent source of employment for this country's citizens. Farming employs approximately 45% of the working population in Paraguay. This meets the country's basic food supply needs. Corn, wheat, rice, and cassava are among the major crops grown here. Many other developed and developing countries import soya from the country. In just one year, the value of soya exports increased from US $1.25 billion to US $2.54 billion, according to the agricultural sector here.

Surprisingly, only 4% of the Paraguayan workforce is employed in a company with more than 50 employees. This gives us an idea of how undeveloped the market is and how good the opportunities are for foreign investors.

The eastern plains of Paraguay have a dairy and ranching population. Beef exports are the second most important after soybean exports. With rising meat demand, the beef export industry in this country reached a value of US $143 million in 2004. By 2007, the value had risen to around US $353 million. By 2008, it had risen to US $597 million.

The mining industry is largely dormant in this region. In Paraguay, there is little history of mining resources. However, small mining projects have recently begun here to explore the country's unexplored mineral resources.

The manufacturing industry employs 31% of the labor force in Paraguay. Since 2004, the manufacturing industry has created an exponential increase in the number of job opportunities. The COVID-19 pandemic resulted in an increase in the demand for medical and health care services. The local pharmaceutical industry is collaborating with foreign suppliers to meet the country's drug needs in the fight against emerging diseases.

The IT industry's revenue has increased due to an increase in demand for internet and related services. The IT sector is thriving in this city as people increasingly use e-commerce services to replace physical movements.

7. Hiring cost in Paraguay

The hiring cost is the most important factor influencing an employee's chances of employment. In any industry, one must consider the factors that influence hiring costs. Among these are:

1. Onboarding costs

2. Training cost as per the need of task assigned

3. Renting cost post-hiring

4. The time invested in the procedure involved in hiring and training.

8. Employment laws Paraguay

Sectors that hire international or domestic workers must adhere to a set of rules. When hiring an employee, the following laws must be followed.

- Discrimination protection act

- Employee privacy

- Statutory employee protection rights

- Restrictive covenants and business protection

- Work consultation and trade union and industrial action

9. Top skills Paraguay

There are many pristine lands in Paraguay. The service sector in this city is still largely dormant. To meet this demand, the government is opening doors to a plethora of opportunities. The service sector has a plethora of openings for individuals who are skilled enough to complete their tasks effectively.

If you are an employer and are looking to hire in Paraguay, the top skills in Paraguay are the following:

- IT sector

- Pharmaceuticals

- Programming

- Business

- Graphic designing

- Linguistics

Each city in Paraguay has its own distinct features and amenities to offer its residents. Salary and living expenses vary by city. The capital city is more expensive than the other cities in the region. However, the overall cost of living in Paraguay is 55% lower than that of New York.

- Asunci贸n: As the capital city of Paraguay, Asunci贸n has a higher standard of living than any other city in the country. The monthly average salary is approximately 8,950,000 PYG (US $1296.32). Dentistry, physician, and C-level executive are among the top jobs in Paraguay.

- Ciudad del Este: Paraguay's second largest city after Asunci贸n is Ciudad del Este. The annual average salary ranges from 309,185,138 to 516,034,587 PYG (US $44782.28 to $83432.68$). Banking, finance, programming, and information technology are the top recruiting sectors in Ciudad del Este.

- Encarnaci贸n: There is a significant increase in the city's demand for engineers. Many foreign industries are eager to invest in this city's startups. The average annual salary reported here is approximately US $97,725, with a salary range of US $62,008 to US $1,24,196. Pharmaceuticals, mechanical parts manufacturing units, the health care sector, mining, and other industries are among the top recruiting sectors in this city.

10. Economic landscape in Paraguay

The pandemic had a significant impact on the economy of Paraguay. In the year 2020, the GDP is expected to fall by 5%. However, the country did an admirable job of fighting the pandemic. The people here were cooperative enough to recognize the gravity of the situation and take appropriate action. The authorities in this country were able to return the country to its original working schedule. The government is working hard to improve the country's business climate while also attempting to improve governance.

11. Market size in Paraguay

The COVID-19 pandemic exacerbated the already fragile service sector in Paraguay. As a result, many people used e-commerce to compensate for the laws. Agriculture is a large industry in this country and contributes significantly to the GDP. However, research indicates that monthly wages for certain engineering professions are quite low even in Paraguay's capital city, Asuncion. People considering relocating to this country should conduct thorough research into the viability of the profession they intend to pursue.

12. Minimum wage in Paraguay

Paraguay鈥檚 compensation laws include a minimum wage of 1,824,055 Paraguayan Guarani per month. However, domestic workers have a special minimum wage of 40 percent of the regular minimum wage and should get deductions for housing and food.

13.Why choose Rivermate to hire your remote team in Paraguay?

Establishing an entity in Paraguay to hire a team takes time, money, and effort. The labor law in Paraguay has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Paraguay simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Paraguay give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Paraguay via our Employer of Record (EOR) / PEO solution.

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