Paraguay vs Wyoming (USA): which jurisdiction wins?

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

	Paraguay	Wyoming (USA)
Tax headline	10% corporate, territorial in practice	21% federal, 0% state
Formation days	14	1
First-year cost	$2,500	$1,000
Treaties	4+	70+
Substance	Substance required for residency	Federal tax considerations apply
Banking	Local banks	EMIs (Mercury) plus Wyoming SPDIs (Kraken)

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