RAK ICC vs Paraguay: which jurisdiction wins?

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

	RAK ICC	Paraguay
Tax headline	0% on qualifying income	10% corporate, territorial in practice
Formation days	5	14
First-year cost	$3,800	$2,500
Treaties	140+	4+
Substance	Lighter than DIFC/ADGM; substance for tax claims	Substance required for residency
Banking	Onshore UAE bank intros possible with proper file	Local banks

Talk to a partner before you incorporate.

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