Paraguay (PY)

Jurisdiction Overview

IDQuestionAnswer
236 *Is any formal registration required at all? Not Applicable
 Data Date: 2019

Notes

 
Articles 124-131, Civil Code; GAFISUD 2008: 183

Sources

Article 124 of the Civil Code states that foundations may be established by allocating assets perpetually for common good purposes. However, GAFISUD writes that the not-for profit sector is not supervised given the lack of resources (GAFISUD 2008: 183).