Cayman Islands vs Paraguay: which jurisdiction wins?

Cayman Islands vs Paraguay — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	Cayman Islands	Paraguay
Tax headline	0% corporate, capital gains, and income tax	10% corporate, territorial in practice
Formation days	5	14
First-year cost	$4,200	$2,500
Treaties	Limited	4+
Substance	Economic Substance Law applies to relevant activities	Substance required for residency
Banking	Top-tier prime brokerage and crypto-friendly banking via Cayman National & private banks	Local banks

Talk to a partner before you incorporate.

Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.