Resolution MIC No. 0283/2026: Requirements for the Foreign Investor Certificate

HAVING SEEN: The request submitted by REDIEX, by which the draft Resolution establishing the requirements for the issuance of the Foreign Investor Certificate, through the Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE, General Directorate of the Unified System for the Opening and Closing of Businesses), and abrogating Resolution N° 1052, is submitted to the consideration of the top institutional authority; and WHEREAS: Law N° 904/1963 "Establishing the functions of the Ministerio de Industria y Comercio (Ministry of Industry and Commerce)", as amended by Laws N° 2961/2006 and N° 5289/2014; Law N° 4986/2013 "Creating the Sistema Unificado de Atención Empresarial para la Apertura y Cierre de Empresas (SUACE)"; Law N° 6867/2021 "Amending and expanding Law N° 4986/2013 Creating the Sistema Unificado de Atención Empresarial para la Apertura y Cierre de Empresas (SUACE)"; Decree N° 3606 of 19 June 2015, "Regulating Law N° 4986/2013 Creating the Sistema Unificado de Atención Empresarial para la Apertura y Cierre de Empresas (SUACE)"; That Law N° 6984/2022 "De Migraciones" (Migration Law) in its Article 46 establishes that: "... Foreign nationals who can conclusively demonstrate the realization of investments in the Republic of Paraguay, in accordance with Law N° 4986/2013 Creating the Sistema Unificado de Atención Empresarial, are exempted from the requirement to hold temporary residence as a prior procedure for obtaining permanent residence"; The Interinstitutional Cooperation Agreement to support the operation and provide sustainability to the Sistema Unificado de Apertura de Empresas (SUACE) between the Ministerio de Industria y Comercio, the Ministerio de Hacienda, the Ministerio de Justicia y Trabajo, the Ministerio del Interior, the Instituto de Previsión Social, the Corte Suprema de Justicia, the Municipalidad de Asunción, and the Consejo Presidencial de Modernización de la Administración Pública, signed on 11 June 2008; The Mutual Interinstitutional Cooperation Agreement between the Ministerio de Industria y Comercio and the Dirección Nacional de Migraciones; Resolution N° 1052/2025 "Establishing the Requirements and Procedures for the Issuance of the Foreign Investor Certificate, through the Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE), and abrogating Resolution N° 236 of 14 February 2019"; That the Foreign Investor Certificate constitutes the administrative instrument by which the realization of investments in the Republic of Paraguay is certified, for the purposes of the exception provided for in Article 46 of Law N° 6984/2022 "De Migraciones"; That the application of Resolution N° 1052/2025 has evidenced the need to update and improve the applicable regulatory framework, in order to adapt it to the diversity of investment modalities and to criteria of greater efficiency and legal certainty; That it is appropriate to establish a regulation that differentiates types of investment, sets minimum amounts consistent with their economic nature, and strengthens the mechanisms for administrative evaluation, control and monitoring, within the framework of the powers of the Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE); That in accordance with the aforementioned legal and administrative rules, it follows that it is necessary to establish the requirements that the Ministerio de Industria y Comercio, through the Sistema Unificado de Atención Empresarial para la Apertura y Cierre de Empresas, SUACE, must require of foreign natural persons who wish to invest in the country, for the issuance of the "Foreign Investor Certificate"; That the Dirección General de Asuntos Legales raises no objection to the signing of this Resolution, according to Legal Opinion N° 56 of 20 April 2026; That the Minister of Industry and Commerce is responsible for the formulation and execution of the policy entrusted to this Ministry and, in that capacity, holds its senior direction, as established by Article 1, subsection b) of Decree N° 2.348/1999 "Regulating the Organic Charter of the Ministerio de Industria y Comercio, Law N° 904/63, and Repealing Decree N° 902/73"; THEREFORE, in exercise of its legal powers, THE MINISTER OF INDUSTRY AND COMMERCE RESOLVES:

To establish the requirements for the issuance of the Foreign Investor Certificate, in accordance with Annex I, Documentary Requirements and Formalities, which forms part of this Resolution, as a prior procedure for the granting of permanent residence by the Dirección Nacional de Migraciones, in accordance with the provisions of Law N° 6984/2022.

To instruct the Dirección de Inversiones y Regímenes Especiales, which reports to the Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE), to take all measures necessary for the thorough review of the documents requested and the evaluation of the business plan submitted, for which it must issue a technical report, without prejudice to the powers inherent to the Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD, Secretariat for the Prevention of Money or Asset Laundering).

The Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE), through the Dirección de Inversiones y Regímenes Especiales, may reject the issuance of the Foreign Investor Certificate when the application does not meet the required conditions or is not accompanied by the mandatory documents.

To entrust the Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE), through the Dirección de Inversiones y Regímenes Especiales, with the issuance of the Foreign Investor Certificate within a period not exceeding 5 business days from receipt of the file. In the event of observations, requests for additional information, or requirements for rectification, the period shall be suspended until full compliance with what has been requested.

To entrust the Dirección de Registros Administrativos y Verificación, which reports to the Dirección General del Sistema Unificado de Apertura y Cierre de Empresas (SUACE), with the following: a) carrying out monthly monitoring and control of the requirements established in this Resolution; b) keeping an updated statistical record of the Foreign Investor Certificates issued; c) coordinating the verifications in accordance with the business plan submitted; d) sending the report on Foreign Investor Certificates issued to the Dirección Nacional de Migraciones, in accordance with the frequency established by the Dirección General del SUACE and the Dirección Nacional de Migraciones.

To apply the provisions established in this Resolution to applications filed while Resolution N° 1052/2025 was in force that remain pending issuance, provided that they are more favorable to the applicants, in accordance with the analysis of the Dirección de Inversiones y Regímenes Especiales, which reports to SUACE.

To abrogate Resolution N° 1052/2025 of 11 September 2025 "Establishing the Requirements and Procedure for the Issuance of the Foreign Investor Certificate, through the Sistema Unificado de Atención Empresarial para la Apertura y Cierre de Empresas (SUACE)".

To communicate this to whom it may concern and, once complied with, to be filed.

ANNEX I REQUIREMENTS AND DOCUMENTARY FORMALITIES FOR THE ISSUANCE OF THE FOREIGN INVESTOR CERTIFICATE (Constancia de Inversionista Extranjero, CIE) Article 1, Definitions: a) Foreign Investor Certificate (CIE): official document issued by the Ministerio de Industria y Comercio (Ministry of Industry and Commerce), through SUACE (Sistema Unificado de Apertura y Cierre de Empresas, Unified Business Opening and Closing System), in the name of the foreign investor, exclusively for the purpose of obtaining permanent residence issued by the Dirección Nacional de Migraciones (National Directorate of Migration). The Foreign Investor Certificate (CIE) shall be issued exclusively in favor of foreign natural persons, without prejudice to the powers and authority reserved to the Dirección Nacional de Migraciones and the Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD, Secretariat for the Prevention of Money or Asset Laundering), in matters within their competence. b) Foreign Investor: a natural person who wishes to settle in the República del Paraguay, having documentarily demonstrated the investment to be made in the country, which comprises the process of allocating resources to the purchase or creation of assets with the expectation of obtaining a benefit, return or profit in the future; as well as for the purpose of opening a business in the country, whether in industry, commerce and/or services, provided that they are aimed at the creation and maintenance of formal jobs that promote the growth of the economy. c) Productive Investments: correspond to investments made for activities carried out in the industrial, commercial or services sectors, executed in accordance with a previously approved business plan and that involve the generation of at least five (05) formal jobs. d) Investments through financial instruments: significant investments of a financial nature, aimed at contributing capital to the country, documentarily demonstrable in accordance with the minimum investment amount established in this Resolution, without an obligation of direct management of a venture, nor generation of jobs, with a minimum holding period of the investment of 2 (two) years, demonstrable, with the obligation to report annually. e) Investments of a real estate nature: capital investments intended for the acquisition, development or exploitation of real property or legally recognized real estate rights, with the aim of generating economic benefits through income, appreciation of the asset or productive exploitation, documentarily demonstrable, in accordance with the minimum investment amount established in this Resolution, without an obligation of direct management of a venture, nor generation of jobs. This investment does not include acquisitions for exclusively personal or family use. f) Investments of a tourism nature: correspond to capital allocations intended for the creation, acquisition, expansion, modernization or exploitation of assets, infrastructure, services and activities directly linked to tourism, in accordance with a previously approved business plan, for the purpose of generating economic benefits and contributing to the development of the national tourism sector, in accordance with the minimum investment amount established in this Resolution. g) Minimum investment amounts: Amount expressed in United States dollars or its equivalent in guaraníes, calculated at the official exchange rate in force at the time of the application. 1) Productive Investments: the amount must be equal to or greater than USD 70,000 (seventy thousand United States dollars) or its equivalent in guaraníes according to the official exchange rate. 2) Investments through Financial Instruments: the investment amount must be equal to or greater than USD 200,000 (two hundred thousand United States dollars) or its equivalent in guaraníes according to the official exchange rate. 3) Investments of a Real Estate Nature: the investment amount must be equal to or greater than USD 200,000 (two hundred thousand United States dollars) or its equivalent in guaraníes according to the official exchange rate. 4) Investments of a Tourism Nature: the investment amount must be equal to or greater than USD 150,000 (one hundred fifty thousand United States dollars) or its equivalent in guaraníes according to the official exchange rate. h) Investment status: Investments may be already executed or in the process of execution, provided that their economic commitment is documentarily accredited. i) CIIU Code: International Standard Industrial Classification of all economic activities, created by the UN. It is the international reference classification of productive economic activities. j) Formal employment: That which complies with the labor regulations in force.

Article 2, Requirements for the issuance of the Foreign Investor Certificate: 1. Application form for the Foreign Investor Certificate. Completed electronically, in which the investment amount must be stated in accordance with the type of investment being developed and the number of jobs generated by the business plan, where required. For this purpose, the form will be available on the website of the Ministerio de Industria y Comercio, www.mic.gov.py, which will have the character of a sworn statement. 2. Personal documents of the investor. 2.1 Copy of the current document proving identity and nationality, issued by the competent authority of the country of origin: a) Cédula de identidad (identity card), or b) National identity document, or c) Passport. 2.2 Copy of the entry record for the country, issued at the migration control post of the Dirección Nacional de Migraciones: a) Entry ticket, or b) Entry stamp in the passport, or c) Certificate of migratory movement, issued by the Dirección Nacional de Migraciones. Note: consular visa where required, in accordance with the provisions established by the Ministerio de Relaciones Exteriores (Ministry of Foreign Affairs). 2.3 Copy of the current criminal or police record certificate, legalized or apostilled: 2.3.1 If current residence is in the country of origin: a) Certificate of Record from the country of origin, issued by the competent authority, at the national or federal level, in accordance with the legislation of that country. 2.3.2 If residence during the last three years has not been in the country of origin: a) Certificate of Record from the country of residence, issued by the competent authority, at the national or federal level, in accordance with the legislation of that country; b) Document proving residence in that country during that period, issued by the competent authority of that country. Note: If the IE (Foreign Investor) has resided in a country other than the country of origin, for a period longer than 1 (one) year, during the last 3 (three) years, they must submit the Certificate of Record from the country of that most recent residence. 2.4. Copy of the INTERPOL Certificate of Record issued by INTERPOL PARAGUAY. 2.5. Sworn Statement of origin of funds. Document signed by the IE, stating the origin of the funds used for the investment in the República del Paraguay, and a commitment to comply with the regulations governing the lawfulness and traceability of the funds, in accordance with regulations issued by the Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD).

Article 3, Minimum requirements for the Business Plan for Productive Investments. Productive Investments: the amount must be equal to or greater than USD 70,000 (seventy thousand United States dollars) or its equivalent in guaraníes according to the official exchange rate. The CIE application for productive investments must, in addition to the requested documents, present the Business Plan to be developed, which must contain: 1. Company Data: a) New company: type of company to be formed, and list of partners, if any. b) Company already formed: attach a copy of the articles of incorporation. If the investor does not appear in the company's bylaws, a certificate of notification of transfer of shares and/or a certificate of final beneficiaries, issued by the Dirección General de Personas, Estructuras Jurídicas y Beneficiarios Finales (General Directorate of Persons, Legal Structures and Final Beneficiaries), under the Ministerio de Economía y Finanzas (Ministry of Economy and Finance), must be attached. 2. Location: planned location of the venture: address, city, department, contact telephone number, and clarification of whether the premises are owned or rented. If no assigned physical space is available, indicate whether it is in the search or planning stage, and declare a temporary administrative office in the República del Paraguay. 3. Activity, CIIU Code. a) Declare the CIIU Code of the products and by-products to be produced: detail the production process, raw materials and machinery involved in manufacturing the products; b) Marketing of goods, indicate the origin of the goods and the manner of marketing; c) Provision of Services: indicate the characteristics of the service, its manner and scope of application. 4. Investment: indicate the total amount of the investment, preferably allocated to capital goods and tangible assets linked to the activity. Detail in a table, breaking down the amount by item and equivalent currency. The following are considered investment: the acquisition of real property, machinery and equipment, specialized tools, vehicles assigned to the activity, technological/industrial equipment, operating furnishings, adaptations/civil works and technical installations (where applicable). The following are not considered investment: rent, salaries/remuneration, basic services, recurring administrative expenses, or other purely operational items. Note: In projects with a plurality of investors, each applicant must individually meet the minimum amount required in accordance with the type of investment defined in these regulations. 5. Implementation timeline of the business plan: approximate period for the implementation of the project. The IE must report on the progress of the project's implementation semi-annually through the channels enabled for that purpose. 6. Economic solvency to finance the business plan: 6.1. Own resources: a) Copy of a bank account statement in the investor's name, for the three months prior to the date of the CIE application, or b) Copy of a bank account statement in the name of a company in which the IE is a shareholder, together with a copy of the incorporation deed showing the link between them, for the three months prior to the date of the CIE application, or c) Copy of investment instruments: savings deposit certificate, bonds, shares, mutual funds in the investor's name. 6.2. Liquidity of personal assets: a) Real property: copy of the title of ownership of the property, certificate of title status issued by the competent authority of the country of origin, no more than six (6) months old, with an updated appraisal specifying the current value of the property, or b) Vehicles and Machinery: copy of the vehicle's title of ownership, with an appraisal from the previous fiscal year; in the case of machinery, a tax document proving ownership, value and depreciation for the previous fiscal year.

This provision was transcribed from an official scanned document and is awaiting a second reading against the original.

Article 4, minimum business-plan requirements for tourism-sector investments. The investment amount must be equal to or greater than USD 150,000 (one hundred and fifty thousand US dollars) or its equivalent in guaraníes at the official exchange rate. CIE applications for tourism-sector investments must submit, in addition to the requested documents, the business plan to be developed, which must contain: 1. Company data: a) New company: type of company to be incorporated, and list of partners if any. b) Already incorporated company: attach a copy of the articles of incorporation; if the investor does not appear in the company's articles, the certificate of notification of share transfer and/or the certificate of final beneficiaries, issued by the Dirección General de Personas, Estructuras Jurídicas y Beneficiarios Finales under the Ministerio de Economía y Finanzas, must be attached. 2. Location: planned location of the venture: address, city, department, contact telephone number, and clarification of whether the premises are owned or rented. Where no physical space has been assigned [text illegible in the scan] it is at the search or planning stage, and an administrative office [text illegible in the scan] in the República del Paraguay must be declared. 3. Activity, CIIU code. State the characteristics of the service, the modality and the category of tourism service provider, in accordance with the categorisation of the competent authority. 4. Investment: state the total investment amount, preferably allocated to capital goods and tangible assets linked to the activity. Set it out in a table breaking the amount down by item and equivalent currency. The following count as investment: the acquisition of real estate, machinery and equipment, vehicles assigned to the activity, equipment, operating furniture, adaptations/civil works and installations. The following do not count as investment: rent, salaries/remuneration, utilities, recurring administrative expenses, or other purely operational items. 5. Timetable for executing the business plan: approximate period for its implementation. The IE (foreign investor) must report on the progress of the project's implementation every six months through the channels enabled for that purpose. 6. Economic solvency to finance the business plan: 6.1. Own resources: a) Copy of a bank statement in the investor's name, for the three months preceding the date of the CIE application, or b) Copy of a bank statement in the name of a company in which the IE is a shareholder, together with a copy of the deed of incorporation demonstrating the link between them, for the three months preceding the date of the CIE application, or c) Copy of investment titles: savings deposit certificate, bonds, shares, mutual funds in the investor's name. 6.2. Liquidity of personal assets: a) Real estate: copy of the property title, certificate of ownership status issued by the competent authority of the country of origin, not more than six (6) months old, with an updated valuation specifying the current value of the property, or b) Vehicles and machinery: copy of the vehicle's title of ownership, with a valuation from the previous fiscal year; in the case of machinery, a tax document evidencing its ownership, value and depreciation for the previous fiscal year.

Article 5, requirements for investments through financial instruments. The investment amount must be equal to or greater than USD 200,000 (two hundred thousand US dollars) or its equivalent in guaraníes at the official exchange rate. The IE (foreign investor) must submit, together with the personal documents and the CIE application form, the documents evidencing the investment. Those documents may not be dated more than 180 (one hundred and eighty) calendar days before the date on which the application is filed. No business plan and no creation of formal jobs is required. a) All economically demonstrable investments are admitted, provided their economic nature can be verified with documentation. The investment certificate must be issued by an entity authorised by the Superintendencia de Valores under the Banco Central del Paraguay, for a term of not less than two (2) years. It must state the value of the investment.

Article 6, requirements for real-estate investments. The investment amount must be equal to or greater than USD 200,000 (two hundred thousand US dollars) or its equivalent in guaraníes at the official exchange rate. The IE (foreign investor) must submit, together with the personal documents and the CIE application form, the documents evidencing the investment. Those documents may not be dated more than 180 (one hundred and eighty) calendar days before the date on which the application is filed. No business plan and no creation of formal jobs is required. 6.1. Documents evidencing the investment: a) Duly registered public deed transferring ownership, b) Private purchase and sale contract with signatures certified before a Notary Public. The investment value paid must correspond to at least 30% of the amount declared as total investment.

Article 7, requirements for submitting documents issued outside the República del Paraguay. a) If the documents are in foreign currency, their equivalent value must be stated in US dollars or in guaraníes, at the official exchange rate in force on the day of conversion as set by the Banco Central del Paraguay, and in line with the business plan submitted. b) Documents issued abroad must be legalised or certified by the Apostille method (apostilled). Legalisation of foreign documents is processed at the Paraguayan Consulate in the country of origin and subsequently at Paraguay's Ministerio de Relaciones Exteriores. Certification or legalisation by the Apostille method is granted by member countries of the Hague Convention. The apostille is issued by the designated authority in the document's country of origin. c) All documents in a foreign language must be translated into Spanish by a public translator registered in the República del Paraguay or by a foreign public translator authorised by the competent authority of the country where the translator provides the service. The translated version of the foreign-origin document must be apostilled or legalised through the corresponding channels. d) Documents in Portuguese issued by the República Federativa del Brasil are exempt from translation.