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    International Bank Account

    Bank Account in Paraguay

    Protect your wealth in dollars with banking secrecy and no automatic exchange of tax information.

    Why Have an Account in Paraguay?

    Unique advantages that make Paraguay one of the best destinations for Brazilians

    Dollar Account

    Keep your wealth protected from the real's devaluation with a USD account

    Banking Secrecy

    Paraguay has robust banking secrecy legislation to protect clients

    No CRS

    Paraguay doesn't participate in the Common Reporting Standard - greater financial privacy

    International Card

    Visa/Mastercard debit card accepted worldwide

    International Transfers

    Send and receive SWIFT transfers from anywhere in the world

    Investments

    Access to dollar-denominated CDs with returns higher than in Brazil

    Available Account Types

    Individual Checking Account

    For individuals who want to keep funds abroad

    • Account in USD, EUR or Guaraní
    • International debit card
    • Full internet banking
    • SWIFT transfers
    • No transaction limit

    Corporate Checking Account

    For companies with international operations

    • Multi-currency account
    • Payroll
    • International collections
    • Credit line
    • Commercial exchange

    Investment Account

    For those seeking returns on dollar-denominated funds

    • USD CDs (up to 6% p.a.)
    • Investment funds
    • Paraguayan treasury bonds
    • Portfolio management
    • Financial advisory

    Top Banks for Brazilians

    Banco Atlas

    Portuguese-speaking service

    One of the largest private banks in Paraguay, with strong presence serving foreigners

    Banco Continental

    Largest ATM network

    Traditional bank with a wide branch network and diverse products

    Sudameris Bank

    Private banking

    Bank focused on high-net-worth clients and premium services

    Banco Familiar

    Less bureaucracy

    Bank with an easy opening process and simplified procedures

    Costs and Fees

    Average amounts charged by Paraguayan banks

    Account openingUSD 50 - 200
    Monthly maintenanceUSD 10 - 50
    Debit cardUSD 20 - 50/year
    SWIFT transfer (outgoing)USD 25 - 50
    SWIFT transfer (incoming)USD 15 - 30
    Wire to BrazilUSD 20 - 40

    How to Open Your Account

    Required Documentation

    • Valid passport
    • Proof of address (Brazil accepted)
    • Proof of income or tax return
    • Bank reference from Brazil
    • Completed account opening form

    Process and Timelines

    • Document review: 3-5 business days
    • Approval: 5-10 business days
    • Card delivered: 15-20 days
    • Physical presence required to open
    • Possibility to open via power of attorney

    Points to Watch Out For

    • Even without CRS, you must declare offshore accounts on your Brazilian tax return if you're a tax resident
    • Keep documentation of the source of funds for compliance purposes
    • Some banks require a minimum initial deposit (USD 1,000 to 5,000)
    • Fees may vary depending on client profile and transaction volume
    • Consider combining this with tax residency to maximize benefits

    Frequently Asked Questions

    Protect Your Wealth in Dollars

    Our team handles the entire account opening process in Paraguay for you.