Paraguay vs Georgia: which jurisdiction wins?

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

	Paraguay	Georgia
Tax headline	10% corporate, territorial in practice	0% on retained earnings (Estonian-style)
Formation days	14	3
First-year cost	$2,500	$1,800
Treaties	4+	56+
Substance	Substance required for residency	Required for International Company status
Banking	Local banks	TBC, Bank of Georgia

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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.