If You Are Seriously Considering Investing in Paraguay,
You Must Read The Following !
Most Frequent Questions About Paraguay.
1) IS PARAGUAY A DEMOCRACY?
YES, It is a Democracy.
Paraguay has been a democracy with democratic elections since 1993. The President, Dr. Nicanor Duarte Frutos, succeeded a duly elected President.
"Paraguay's highly centralized government was fundamentally changed by the 1992 constitution, which provides for a division of powers. The president, popularly elected for a 5-year term, appoints a cabinet [The last presidential elections were in April 2003]. The bicameral Congress consists of an 80-member Chamber of Deputies and a 45-member Senate, elected concurrently with the president through a proportional representation system. Deputies are elected by department and senators nationwide. Paraguay's highest judicial body is the Supreme Court. Each of Paraguay's 17 departments is headed by a popularly elected governor.
Paraguay is a member of the United Nations and several of its
specialized agencies. It also belongs to the Organization of American States, the Latin
American Integration Association (ALADI), the Rio Group, INTELSAT, INTERPOL, and MERCOSUR
(the Southern Cone Common Market). Its foreign policy has followed closely the Rio Group's
lead on many issues of wideranging political importance. Paraguay is closely aligned with
its MERCOSUR partners on many political, economic and social issues. "
(CIA: World Factbook 2003, U.S. Dept. of State, Country Background Notes, 04/03)
- El Ejecutivo llegó ayer a un acuerdo
preliminar con FMI.
- Bancos y financieras liberarán US$145 millones en 90 días.
2) IS PARAGUAY A STATE RULED BY LAW?
YES, It is a State of Law.
Dr. Clemente Barrios, then Secretary of Justice, Assessor of the President, has clearly indicated in two audiences with Dr. Alain Saint-Saëns, that Paraguay is and will stay a State of Law, in which rights and duties of citizens and foreigners are legally defined, enforced and respected.
- Govierno no tolerará más ocupación illegal de tierra.
3) WHAT ABOUT CORRUPTION IN PARAGUAY? IS IT FOUGHT?
YES, Corruption Has Been Strongly Fought.
The President, Dr. Nicanor Duarte Frutos, has been adamant in his firm showing of an exemplary Government:
- Two Secretaries, members of the Government, whose departments had been guilty of embezzlement, were forced to give their dismissal because of their lack of rapid intervention.
- Openly corrupt Members of the Supreme Court, survival of a shameful past, have been forced to retire, unless they wanted to face legal action. Chief Justice Dr. Victor Nuñez has taken over and helped established a new Supreme Court, respected by all for its honesty and integrity.
4) ARE INVESTORS PROTECTED IN PARAGUAY AGAINST EXTORSION?
YES,Extorsion is Forbidden by Law. To Denounce it is Protected by Law.
Then Speaker of the Congress, Mr. Benjamin Maciel Passoti, clearly expressed to Dr. Alain Saint-Saëns, in a private dinner along with seven other Paraguayan Congressmen, that this kind of behavior was no longer the norm in Paraguay. Each and any foreign investors and al the citizens of Paraguay are strongly invited to denounce this unacceptable and untolerable practice to the authorities.
Seguridad jurídica para las inversiones.
5) ARE PARAGUAYANS EDUCATED?
YES, THEY ARE HIGHLY EDUCATED AND TOLERANT PEOPLE.
45% of the Paraguayan population is under the age of 15. The President, Dr. Nicanor Duarte Frutos, is a former brilliant Secretary of Education, and he has defined Education as one of the pillars of his Presidency.
Political and business elites have studied in the best universities abroad in the USA, Canada, England, France, Germany, Spain, etc...
Paraguayans are a hard working, respectful, and honest, people, eager to raising their family and providing their children with the best education they can afford.
Paraguayan people are tolerant religious people. It is well known for instance that President Nicanor Duarte Frutos is a Catholic and the First Lady, Ms. María Gloria Penayo de Duarte, is a Mennonite.
Latter-Day Saints (Mormons) have a strong and respected religious community in Paraguay and a Temple in Asunción.
Chinese, Japanese, Germans, among others, who emigrated to Paraguay during the 20th century, have become vital productive members of the new generations of Paraguayans.
You Should Have Now a Much Better and More Adequate
Idea of Paraguay,
a Safe and Dedicated Country for Investors.
Recontact Us Now
To Invest in Paraguay!!
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