Paraguay vs Vanuatu: which jurisdiction wins?

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

	Paraguay	Vanuatu
Tax headline	10% corporate, territorial in practice	0% income/corporate tax
Formation days	14	5
First-year cost	$2,500	$2,500
Treaties	4+	Limited
Substance	Substance required for residency	Light
Banking	Local banks	Limited

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