At the beginning of this 2016, the Executive Power has initiated a process of modernization of the procedures prior to the registration of corporations (SA) and limited liability companies (SRL) in the relevant sections of the General Directorate of Public Registries, which must be carried out before the offices of the Department of Registration and Control of Companies of the Treasury Attorney's Office, a dependency of the Ministry of Finance. By virtue of said modernization process, as of July 1, 2016, the procedures for the incorporation of companies in Paraguay will be carried out by electronic file.
To this end, the President of the Republic decided to take advantage of the legal tools contained in Laws No. 4017/10 (on digital signature) and No. 4679/12 (on administrative procedures), issuing Decree No. 4962/16, which was followed by Resolution MH No. 175/16 of the Ministry of Finance and Resolution AT No. 3/16 of the Treasury Attorney's Office. The first two provisions contain authorizations for lower level agencies to implement electronic means in the reengineering of their procedures and to issue a new regulation for the registration and control of SA and SRL.
On the other hand, Resolution AT No. 3/16 established that until June 30 of this year, applications for the incorporation, modification, merger, transformation and dissolution of SA and SRL will be accepted in physical form before the Department of Registration and Control of Companies, and that as of July 1, they may only be processed through the electronic file, for which users of this management system may register as such as of May 2, by accessing www.abogacía.gov.py and following the instructions contained therein.
This Resolution of the Treasury Counsel's Office also contains the new regulations for the registration and control of SA and SRL, which in short does not modify the requirements to be met by the constitutive acts of the referred companies, the documents related to the meetings to be communicated after their realization or the instruments registered in the General Directorate of Public Registries to be submitted to said entity; however, it extends the term for the latter, which from ten (10) working days from the registration became thirty (30).
In the following links you can download Decree No. 4962/16, Resolution MH No. 175/16 and Resolution AT No. 3/16, as well as a comparative table with the differences and similarities that the current regulation for the registration and control of SA and SRL presents with the previous one.
Should you require further information, please do not hesitate to contact us:
Andrés Vera – avera@vouga.com.py or Carlos Vouga – cvouga@vouga.com.py
Note: This publication is intended to provide preliminary information about the subject matter in Paraguay, as well as to cover some practical considerations. It is not a complete information material, and anyone interested in the subject matter should seek specific advice.
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