Almost 21 thousand companies were formalized during 2024

The Ministry of Labor, through Decree 1989/2024, introduced measures to streamline formalization processes, cutting costs and time for the private sector. These measures are estimated to have saved companies between 900,000 and 1,300,000 guaraníes. As a result, 20,867 new companies were registered, each employing at least two workers, thereby achieving formal status. (Source: 5dias)