Paraguay's Ministry of Industry and Commerce (MIC) reported that thousands of entrepreneurs are already using the Avanza Mipymes platform to open free business bank accounts, entirely digitally. The service requires no minimum opening deposit, minimum average balance, or maintenance fee, and the entire process can be completed in approximately three minutes via cell phone or computer.
To access the benefit, interested parties must visit the website www.mipymes.gov.py/avanza, confirm their identity, select the company, and validate the data. Then, in the “Mipymes Account” section, they choose their preferred bank and follow the financial institution's instructions to finalize the opening.
Once activated, the account allows users to manage their finances and begin building a credit history, facilitating access to future financing. Those needing assistance can contact the Mipymes Contact Center at (021) 729-7373.