Paraguayan onboarding is thorough, and that is the point: a bank that vets properly is a bank that keeps your account open. We build the compliance file banks actually want, introduce you to the right one, and stay on it until the account is live.
Free first call. Fixed quote within one business day.
Opening an account in Paraguay is less about luck and more about preparation. The banks are AML-obligated and will ask real questions; answered well, the account opens and stays open.
Vetting protects you
A bank that checks source of funds and activity upfront is far less likely to freeze or close the account later.
It comes down to the file
Approval turns on how well the beneficial owners, funds and activity are documented — exactly what we assemble.
Honest about the bar
Non-residents and higher-risk activities take longer. We tell you where you stand before you spend time.
A 20-second readiness check — no email required. It is directional; the real assessment happens in the brief.
Bank selection
We match you to the bank most likely to say yes to your profile, instead of firing off applications everywhere.
Compliance file
Beneficial owners, source of funds, activity and references, assembled the way banks expect.
Direct introduction
A warm introduction to the right officer, ahead of the counter queue.
Multi-currency
Accounts in guaraní and, where available, US dollars.
Through to live
We stay on the file through questions and conditions until the account is operational.
Ongoing support
Help with ongoing compliance so the account stays open and in good standing.
Nothing exotic — but each item has to be right. We assemble and sense-check all of it before anything reaches the bank.
Company & RUC
A registered company with its tax number — see company formation if you don’t have one yet.
Beneficial owners
Clear identification of who ultimately owns and controls the company.
Source of funds
Credible evidence of where the money comes from — the most scrutinised item.
Activity description
A concrete account of what the business does and with whom.
References
Bank or professional references where available.
Apostilled documents
For non-residents, foreign documents apostilled and officially translated.
Paraguay has around sixteen licensed banks, all supervised by the Superintendencia de Bancos of the Banco Central del Paraguay, with deposits guaranteed by the FGD up to 75 minimum salaries. Three — Continental, Sudameris and Itaú — hold roughly half the market; the digital bank ueno offers the fastest onboarding. We match you to the one most likely to approve your profile, and we take no bank commissions.
| Bank | Good to know |
|---|---|
| Banco Continental | Largest by loan-market share; deep corporate and SME focus (absorbed Banco Río in 2025). |
| Sudameris Bank | Largest by assets since 2023 (absorbed BBVA Paraguay); frequently used by foreign-owned companies. |
| Banco Itaú Paraguay | Major Brazilian-owned bank; clearly published tariffs; a common choice for international clients. |
| Banco GNB Paraguay | Part of the regional GNB group; full corporate services. |
| Banco Basa | Mid-sized bank, active with businesses and trade. |
| ueno bank | Paraguay’s first fully digital bank — the fast-onboarding alternative. |
Fees are published, not hidden: by BCP rule every bank posts its current schedule — “Tasas y tarifas vigentes” — on its own website. Open the bank’s site above and look for that heading (Itaú, for example, posts it as a downloadable PDF). We compare the fees that matter for your use case as part of the selection.
Law and practice: Banks are licensed and supervised by the Superintendencia de Bancos of the Banco Central del Paraguay; deposits are guaranteed by the Fondo de Garantía de Depósitos (FGD) up to 75 minimum salaries. Market-share figures per BCP data, 2026. Links are to official bank sites; fees and terms are set by each bank and change.
You tell us the company, owners and activity.
We confirm the company and tax number are in order.
We assemble source of funds, activity and ownership.
We introduce you to the right bank and officer.
We see it through conditions until it is operational.
Banks in Paraguay are regulated, AML-obligated entities. That shapes everything about onboarding, and it is why preparation beats persistence.
KYC is mandatory
Banks must identify the client, the beneficial owners, the source of funds and the activity.
Supervised sector
Banks answer to the Superintendencia de Bancos of the Banco Central del Paraguay.
Report obligations
Suspicious operations are reported to SEPRELAD, the financial intelligence unit.
Records kept
Onboarding records are retained for years, so getting the file right once matters.
Law and practice: Anti-money-laundering: Ley Nº 1015/97 (and its amendments), with rules issued by SEPRELAD, Paraguay’s financial intelligence unit (UIF). Banks are supervised by the Superintendencia de Bancos of the Banco Central del Paraguay and must perform full customer and beneficial-owner due diligence. This is general information, not advice, and is confirmed for your case in the brief. Rules as of October 2026.
Yes. Foreign-owned companies open accounts regularly — the determining factor is the quality of the compliance file, not nationality.
For a standard activity with documents in order, roughly 3–6 weeks. Higher-risk activities take longer. If the company is not formed yet, add formation time; we often run both in parallel.
Sometimes. Much can be done remotely, but some banks ask a non-resident for a short visit or a video interview. We tell you which banks require what before you choose.
Company and RUC, beneficial owners, a credible source of funds, an activity description and, for non-residents, apostilled and translated documents. Source of funds is the item most often underprepared.
Yes, USD accounts are available at several banks alongside guaraní. We factor your currency needs into the bank selection.
Harder, not impossible. Fewer banks will take it and diligence is deeper. We are candid about the odds and target the banks that actually onboard your sector.
Tell us the company, owners and activity. We’ll assess readiness honestly and send a fixed quote within one business day.
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