Marshall Islands vs Paraguay: which jurisdiction wins?

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

	Marshall Islands	Paraguay
Tax headline	0% non-resident tax	10% corporate, territorial in practice
Formation days	2	14
First-year cost	$1,800	$2,500
Treaties	Limited	4+
Substance	Minimal for non-resident entities	Substance required for residency
Banking	EMIs and limited correspondents	Local banks

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