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TMF Paraguay has been supporting domestic and international companies since 2006. Our local experts provide integrated accounting, tax compliance, payroll, HR administration and global entity management services, helping clients at every stage of growth.

Our Asunción office supports businesses of all sizes, whether they are entering the market, expanding operations or managing ongoing compliance requirements in Paraguay and beyond. We combine strong local expertise with TMF Group’s global reach, helping organisations navigate regulatory requirements and reduce risk throughout their business lifecycle.

Paraguay continues to attract foreign investment thanks to its competitive operating costs, strategic location, favourable business environment and growing economy. We are committed to helping businesses operate and grow with confidence in one of South America’s most business-friendly and investment-focused markets.

Key sectors in which we work: agribusiness, food production, manufacturing, logistics, energy, infrastructure, consumer goods, financial services, retail and professional services.


Key local expertise

Accounting & tax compliance

Full compliance support with Paraguayan tax regulations, Direccion Nacional de Ingresos Tributarios (DNIT) requirements and International Financial Reporting Standards (IFRS). We manage:

  • Transactional accountancy
  • Local statutory accounting
  • Corporate income tax filings
  • Payroll-related tax obligations
  • Statutory reporting requirements
  • A&T consultancy solutions
  • VAT filings

Full compliance support with Paraguayan tax regulations, Direccion Nacional de Ingresos Tributarios (DNIT) requirements and International Financial Reporting Standards (IFRS). We manage:

  • Transactional accountancy
  • Local statutory accounting
  • Corporate income tax filings
  • Payroll-related tax obligations
  • Statutory reporting requirements
  • A&T consultancy solutions
  • VAT filings

Entity management

Comprehensive support to eliminate the burden of incorporating, maintaining and managing your legal entities in Paraguay and around the world. We support:

  • Sociedades anónimas (SA)
  • Sociedades de responsabilidad limitada (SRL)
  • Branches of foreign entities
  • Paraguayan identification and filing management
  • Assemblies’ management services
  • Legal representation
  • Fiscal domicile services
  • Advisory support for company acquisitions

Comprehensive support to eliminate the burden of incorporating, maintaining and managing your legal entities in Paraguay and around the world. We support:

  • Sociedades anónimas (SA)
  • Sociedades de responsabilidad limitada (SRL)
  • Branches of foreign entities
  • Paraguayan identification and filing management
  • Assemblies’ management services
  • Legal representation
  • Fiscal domicile services
  • Advisory support for company acquisitions

Payroll & HR administration

Tailored solutions to increase efficiency and unify your employee experience in Paraguay and across the globe. We assist with:

  • Multi-jurisdictional payroll
  • Alignment with Paraguayan Labor Code
  • Social security requirements
  • Statutory payroll obligations
  • Employee data and documentation
  • Onboarding and offboarding administration
  • HR admin functions

Tailored solutions to increase efficiency and unify your employee experience in Paraguay and across the globe. We assist with:

  • Multi-jurisdictional payroll
  • Alignment with Paraguayan Labor Code
  • Social security requirements
  • Statutory payroll obligations
  • Employee data and documentation
  • Onboarding and offboarding administration
  • HR admin functions

Our offices

A stunning image of the skyline of Asunción, Paraguay, with tall buildings and a beautiful sunset sky

Asunción

TMF Paraguay Limitada

Edificio SkyPark – Torre 3, Piso 20, Oficina B
Avda. Aviadores del Chaco 2581
Asunción 001527
Paraguay
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BSI ISO/IEC 27001:2013 certification badge
ISO/IEC 27001:2022 certified - TMF Paraguay adheres to the leading international standards of data security and information management.

Credentials

ISAE 3402 Type II Qualification badge

ISAE 3402 Type II Qualification

ISO IEC 27001 Certification badge

ISO/IEC 27001 Certification

Country profile

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A panoramic view of the Palacio de López in Asunción, Paraguay, with a Paraguayan flag flying and lush green lawns in the foregroundA panoramic view of the Palacio de López in Asunción, Paraguay, with a Paraguayan flag flying and lush green lawns in the foregroundA panoramic view of the Palacio de López in Asunción, Paraguay, with a Paraguayan flag flying and lush green lawns in the foreground


We make a complex world simple

With 13,000 colleagues in 125+ offices across 87 jurisdictions, we provide critical administrative services that help clients invest and operate safely around the world.

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