Paraguay (PY)

Jurisdiction Overview

IDQuestionAnswer
472 *LO Update: Is the update of information on the identity of legal owners mandatory? Not applicable
 Data Date: 2019

Notes

 
There are no measures for authorities to have access to updated information on shareholders. Even when the legislation requires sociedades anonimas to update their deeds upon any change, there is no mention on whether sub changes need to be submitted to a public authority (Law 5895/2017). Moreover, as there is no need to mention limited partners in sociedades en comandita por acciones, there is also no need for update (art. 1182 of the Civil Code).

Sources

Law 5895/2017; Civil Code