Paraguay – Employer of Record
Globalization Partners provides employer of record services for clients that want to hire employees and run payroll without first establishing a branch office or subsidiary in Paraguay. Your candidate is hired via Globalization Partners’ Paraguay PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
Table of Contents
- Basic Facts For Hiring in Paraguay
- Paraguay Holidays
- Employment Contracts in Paraguay
- Why Globalization Partners
Our Global Employer of Record Platform™ and Global PEO service enables clients to run payroll in Paraguay while HR services, tax, and compliance management matters are lifted from their shoulders onto ours. As a Global PEO expert, we manage employment contract best practices, statutory and market norm benefits, and employee expenses, as well as severance and termination if required. We also keep you apprised of changes to local employment laws in Paraguay.
Your new employee is productive sooner, has a better hiring experience and is 100% dedicated to your team. You’ll have peace of mind knowing you have a team of dedicated employment experts assisting with every hire. Globalization Partners allows you to harness the talent of the brightest people in more than 150 countries around the world, quickly and painlessly.
Basic Facts For Hiring in Paraguay
Paraguay is located in South America and has a population of 6.02 million. The capital city of Paraguay is Asuncion which has a population of 525,294. The Itaipu Dam on the Parana River produces almost all of Paraguay’s electricity. Situated on the border with Brazil, the dam is owned by both countries.
When negotiating terms of an employment contract and offer letter with an employee in Paraguay, it may be useful to keep the following in mind:
- New Year’s Day
- Heroes’ Day
- Maundy Thursday
- Good Friday
- Labor Day / May Day
- National Holiday
- Independence Day
- Chaco Armistice
- Founding of Asuncion
- Boqueron Battle Victory Day
- Virgin of Caacupé Day
- Christmas Day
- New Year’s Eve
Employment Contracts in Paraguay
In Paraguay, employment contracts can be oral or written, but it is best practice to put a strong, written contract in place, in Spanish, which spells out the terms of the employee’s compensation, benefits, and termination requirements. An offer letter and employment contract in Paraguay should always state the salary and any compensation amounts in Paraguayan guarini rather than a foreign currency. The employment contract template is part of the service with Globalization Partners; no need to draft a separate template if you use our employer of record and PEO service in Paraguay.
Why Globalization Partners
Establishing a branch office or subsidiary in Paraguay to engage a small team is time-consuming, expensive and complex. Labor law in Paraguay has strong worker protections, requiring great attention to detail and an understanding of local best practices. Globalization Partners makes it painless and easy to expand into Paraguay. We can help you hire your candidate of choice, handle HR matters and payroll, and ensure that you’re in compliance with local laws, without the burden of setting up a foreign branch office or subsidiary. Our Paraguay PEO and Global Employer of Record Platform provides you peace of mind so that you can focus on running your business.
If you would like to discuss how Globalization Partners can provide a seamless employee leasing or PEO solution for hiring employees in Paraguay, please contact us.