Investing In... 2026

PARAGUAY TRENDS AND DEVELOPMENTS Contributed by: Federico Valinotti, Andrés Nasser, Álvaro Rojas, Vivian Maldonado and Juan Manuel Ros, BKM - Berkemeyer

The reform is pragmatic: it retains the authority’s abil - ity to escalate to full review where warranted, while reducing the burden and time-to-clearance for routine or low-risk deals. Outlook: a more bankable operating environment Compared to early 2024, Paraguay has materially advanced from drafting to doing. The Unified Registry law cures a chronic real estate friction. The PPP law and the national public procurement authority ( Direc- ción Nacional de Contrataciones Públicas , or DNCP) rulebook modernise contracting and control the pro - test calendar without sacrificing due process. Carbon market regulation and the Singapore 6.2 agreement give developers and financiers a real compliance mar - ket door. SIPAP 2.0 brings payment service providers and rails into a single supervisory frame and embeds free instant transfers in law. CONACOM’s two-track merger notification should decongest benign deals. The industrial triad makes long-dated incentives tan - gible for manufacturing, services exports and large- scale investments.

Investors should translate these developments into concrete actions, such as: • recalibrating diligence and closing conditions to the unified property registry; • updating procurement bid playbooks to new DNCP timings; • structuring carbon project documentation to MADES validation and Article 6.2 authorisation mechanics; • aligning fintech/payment models to the Central Bank’s new licensing perimeter; and • running scenarios on stacking or sequencing industrial incentives. Paraguay’s direction of travel is consistent, as it moves towards institutional modernisation that reduc - es transaction costs and aligns with international standards. The result is a jurisdiction where long-term capital can reasonably expect regulatory continuity, clearer timelines and credible state counterparties – all key elements of a de-risked investment proposition in Latin America.

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