Gibraltar vs Paraguay: which jurisdiction wins?

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

	Gibraltar	Paraguay
Tax headline	12.5% corporate tax	10% corporate, territorial in practice
Formation days	7	14
First-year cost	$4,000	$2,500
Treaties	Limited	4+
Substance	Substance for accrued-in-and-derived-from claim	Substance required for residency
Banking	Gibraltar International Bank, EMIs	Local banks

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