Isle of Man vs Paraguay: which jurisdiction wins?

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

	Isle of Man	Paraguay
Tax headline	0% (10% banking/retail)	10% corporate, territorial in practice
Formation days	5	14
First-year cost	$4,800	$2,500
Treaties	11+	4+
Substance	Substance requirements aligned with EU code of conduct	Substance required for residency
Banking	IoM banks plus UK introductions	Local banks

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