An EAS, or Simplified Joint Stock Company, is a type of commercial company in Paraguay that facilitates business creation and management, especially for entrepreneurs and small businesses. It is characterized by its simplicity, speed, and low cost, making it an attractive option for those looking to formalize their business without bureaucracy.
Advantages of EAS:
Simplicity and speed:
Opening an EAS is completely online and can be completed in 72 hours, including obtaining the RUC (Tax Identification Number).
Low costs:
Creating and maintaining an EAS is free, with no fees or duties.
Lower capital:
There is no minimum capital requirement for establishing an EAS, which facilitates the entry of new entrepreneurs.
Ease of issuing shares:
EASs allow the issuance of shares, which can be beneficial for attracting investors.
Flexibility:
EASs can carry out any legal activity, whether commercial, industrial, or service-related.
Disadvantages of EAS:
Liability Limitations:
Partners’ liability is limited to the capital contributed, but in some cases there may be exceptions depending on the company’s activity.
Potential Obstacles in Financial Institutions:
Although EAS facilitates formalization, some financial or public institutions may still present some barriers to the operation of this type of company.
Potential Restrictions on Decision-Making:
The structure of EAS may have some restrictions compared to other types of companies