South America's Rising Star?
Oct. 27, 2014, Asuncion, Paraguay: Paraguay qualifies as a blue ocean market, offering interesting property, agricultural, stock, and bond investment opportunities.
Dear Live and Invest Overseas Reader,
"Paraguay is the world's 10th-largest exporter of wheat.
"It's also the world's eighth-largest beef exporter, seventh-largest exporter of corn, sixth-largest producer of soy, fifth-largest exporter of chia and soy flour, and fourth-largest exporter of yucca flour and soy oil.
"The country has the third-largest barge fleet in the world (after the United States and China) and is the third-biggest exporter worldwide of yerba mate.
"Paraguay is the second-biggest stevia producer and exporter in the world and the world's #1 exporter of organic sugar.
"Paraguay is also a competitive and tax-friendly investment hub. You pay no tax on yields earned from an investment in the Asuncion stock exchange, and both the value-added (or sales) tax and the rate of corporate tax are 10%. This corporate tax rate compares nicely with those in Argentina (35%), Colombia and Brazil (34%), and Peru (30%).
"At about 400,000 square kilometers, Paraguay is the size of California. It has a total population of 7 million (70% of which is younger than 30 years old), a working population of 3.1 million, and a GDP of US$26 billion. The guarani is the official currency; the current rate of exchange between the guarani and the U.S. dollar is about 4,600 to 1.