Investing In... 2026

PARAGUAY TRENDS AND DEVELOPMENTS

Trends and Developments Contributed by: Federico Valinotti, Andrés Nasser, Álvaro Rojas, Vivian Maldonado and Juan Manuel Ros BKM - Berkemeyer

BKM - Berkemeyer is a leading Paraguayan law firm renowned for its comprehensive legal services and its strong focus on client success. With a team of more than 60 highly skilled lawyers across two offices in Asunción and one in Ciudad del Este, the firm has ex - tensive expertise in facilitating investments in Para - guay. This includes advising on corporate structuring, due diligence, regulatory compliance, tax optimisa - tion and dispute resolution. Its deep understanding of the Paraguayan market, coupled with its international

network, enables it to seamlessly guide foreign in - vestors through all stages of their projects. The firm’s recent work highlights its capabilities, including ad - vising a multinational telecommunications company on complex acquisitions and assisting a leading ag - ribusiness firm with establishing operations in Para - guay. Beyond investments, the firm offers specialised expertise in areas such as M&A, finance, tax, intel - lectual property and energy.

Authors

Federico Valinotti is a senior associate at BKM - Berkemeyer, where he is part of the tax planning and fiscal department. He advises clients on cross-border transactions and tax incentives regime. He has

Álvaro Rojas is a senior associate at BKM - Berkemeyer. His practice focuses on banking and finance law, project finance, corporate law and competition law. Álvaro graduated from the Catholic University of

significant experience in providing general solutions regarding the application of internal taxes, planning, customs and municipal taxation, exporter credits and taxpayer defence in administrative and judicial venues. Federico holds an MBA from the Catholic University of Asuncion and other postgraduate degrees in tax matters.

Asunción and holds an LLM from Harvard Law School. He also has a specialisation in commercial law and contracts from the London School of Economics. He is a member of the Harvard Alumni Association and the Moot Alumni Association, and actively participates in the Paraguay-Brazil Chamber of Commerce.

Andrés Nasser is a senior associate at BKM - Berkemeyer. His practice focuses on corporate advisory for both international and local clients, primarily in corporate and company law, mergers and acquisitions,

Vivian Maldonado is a senior associate at BKM - Berkemeyer, whose practice focuses on corporate law, infrastructure, arbitration and mediation, and public procurement. She has advised national and

banking and financial law, capital markets and competition law. Andrés graduated from the American University and earned an LLM from the University of Edinburgh in 2019.

international companies in large-scale administrative, judicial and arbitral proceedings, and been involved in the financing of Paraguay’s first infrastructure project developed under the PPP framework. Vivian earned her Law Degree from the National University of Asunción, and also holds a Master’s Degree in Legal Sciences from Pompeu Fabra University in Barcelona and a Diploma in Commercial and Investment Arbitration from Austral University in Buenos Aires.

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