The attractiveness of the development of mobile and web applications for companies in Paraguay, is such, that foreign investors observe the creative potential and find skilled and cheap labor hand, in addition to favorable legislation, especially for free software, encouraging deals and agreements based upon this product, under the rules of the Paraguayan Civil Code, a legislation very likely to defend the autonomy.
The software industry’s annual turnover is US$ 50 million and growing steadily. The bases for defining Paraguay as a center of cutting edge technology in the region are thus more robust. Most in demand are mobile applications and digital platforms for companies, and today, they are at the level of similar products produced by the largest corporations in the world.
The President of the Paraguayan Chamber of Software Industry estimated a 20% growth in 2014, which prompted the ICT Sector Board of REDIEX to choose software as a strategic product that also creates jobs in medium term – in the past five years it grew from 2500 to 7000 jobs – and a net profit of US$ 6 billion in exports.
The attractiveness of the development of mobile and web applications for companies in Paraguay is such that foreign investors observe the creative potential and find that, skilled and inexpensive labor in addition to favorable legislation, especially for free software, encourage deals and agreements based on this product, under the rules of the Paraguayan Civil Code, a legislation that upholds freedom of contract.
The regulation of software under copyrights is provided by Law 1328/1998, of Copyrights and related rights, regulated by Decree 5159/1999.
