Recently, the Ministry of Industry and Commerce issued the long-awaited regulation for opening Simplified Joint Stock Companies or “EAS” (according to its initials in Spanish) through the Unified System for Opening and Closing Companies – SUACE
This way, the process for opening an EAS will be performed by registering the electronic file in the SUACE System, which is complete when the USER (founder shareholder/s of an EAS) creates an electronic identity on www.paraguay.gov.py, validates the same through SUACE and fills the single registration form.
Finally, the User must upload this document and the Articles of Incorporation, once they are printed / signed / scanned, as well as all the required supporting documentation, and “register” the “EAS” opening electronic file. Electronic or digital signature may be used.
The electronic file will be sent to the General Directorate of Legal Entities and Final Beneficiaries for analysis, approval and registration.
The Regulation establishes minimum deadlines for notices, which shall not exceed 3 business days in any case, so the process for opening an EAS is currently the fastest in the Paraguayan legal system
Said Resolution does not include transformation, closure, dissolution and liquidation processes of EAS, which will be regulated in specific resolutions to be issued by the same Office.
For more information, contact us at
– carla.sosa@berke.com.py
– federico.valinotti@berke.com.py
BKM|BERKEMEYER
