Hiring in Paraguay
The small South American Nation of Paraguay, which is landlocked by Brazil, Argentina and Bolivia, is perhaps best known to us for producing great footballers, mate tea, and despite its access to sea, a surprisingly large navy.
As with many landlocked nations, trading with its closest neighbours plays a big role in Paraguay’s economy, which is made up of a mixture of services, soybeans, and the export of electricity. Thanks to Paraguay’s high prevalence of high-volume water sources, hydroelectricity is extensive and all of Paraguay’s electricity needs are met by dams, making it one of the cleanest nations on earth in terms of pollution.
Hiring in Paraguay is becoming more popular thanks in part to developing industries and one of the world’s largest free trade zones, Ciudad del Este. However, many Paraguayans still rank as ‘poor’, with a large informal sector and limited wages hampering employment opportunities and making investing from abroad tricky without adequate expertise on the ground.
Why use TopSource Worldwide in Paraguay?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in Paraguay
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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