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Paraguayan Guaranà (PYG)
16.5%
Spanish and GuaranÃ
6.9 million
Monthly
Emerald can hire and payroll your workers, quickly and compliantly with their ready to go entity. Make growing your team simple with Emerald as a global partner.
Hiring employees in Paraguay offers several advantages and challenges. On the positive side, Paraguay boasts a relatively low cost of labour compared to its regional neighbours, which can be beneficial for companies looking to manage operational expenses. The country also has a young and increasingly educated workforce, with growing expertise in sectors like agriculture, manufacturing, and services. Additionally, Paraguay’s strategic location in South America provides access to key regional markets.
Employers should consider hiring remotely in Paraguay due to the country’s advantageous cost structure and burgeoning digital talent pool. Paraguay offers a competitive labour market with lower wage costs compared to neighbouring countries, making it an attractive option for companies aiming to optimize expenses. The country has a growing number of skilled professionals, particularly in technology and customer service sectors, supported by increasing access to high-speed internet and digital infrastructure. Additionally, Paraguay’s favourable time zone alignment with major North and South American markets facilitates smooth communication and collaboration. By hiring remotely in Paraguay, businesses can tap into this emerging talent while benefiting from cost-effective solutions and a strategic location in the heart of South America.
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| Pension Fund | 14.5% |
| Health Insurance | 2% |
Annual bonus
Social security contributions
3 months extending to 6 for highly skilled individuals.
Emerald Technology can onboard employees in Paraguay within 48 hours.
Most employers in Paraguay offer health insurance as part of an employment agreement.
 18 weeks of full pay from the social security fund
2 weeks
In Paraguay, employees are entitled to sick leave supported by full salary for the first three days, with extended leave covered at 50% salary by the Social Security Institute (IPS), contingent on medical certification and social security contributions.
As the legal employer, Emerald Technology requires the following employee documents to ensure complete compliance:
When an employer dismisses an employee it must be with just cause and they must give them notice. The notice period starts from the day after the employer notifies the employee of the termination. Notice must be given in accordance with the following schedule at a minimum:
| Notice periods | 30 days’ notice for one year’s service, increasing to 45 after one year, 60 after five and 90 days after ten years’ service. |
If an employee is made redundant, they are entitled to a payment based on years of continuous service.
| Unjustified Severance | If the dismissal is deemed unjustified, the employee is entitled to compensation determined by the Judge or Court, with the amount not exceeding the wages the employer would have paid until the end of the contract. |
12 days, increasing to 18 after five years’ service and 30 days after ten years.
• January 01 New year’s Day
• March 01 Heroes Day
• April 14 Maundy Thursday
• April 15 Good Friday
• May 01 Labor Day
• May 14 Paraguayan Independence
• May 15 Paraguayan Independence
• June 12 Chaco Armistice
• August 15 Founding of Asunción
• September 29 Boqueron Battle Victory Day
• December 08 Virgin of Caacupe
• December 25 Christmas Day
$2,550,307 PYG per month
48 hours a week maximum, with overtime paid at 150% of regular salary
Monthly.
An annual bonus is offered by most employers relative to the annual salary earnt by the employee.
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