Business & Tax
Bank Account Opening
Move your money in Paraguay with a well-structured account.
We guide and support the opening of a personal or business bank account in Paraguay, helping gather documents and meet the requirements set by each institution. Every bank has its own policy toward foreigners, some more welcoming, others more bureaucratic, and picking the right one avoids months of back and forth.
A new resident can usually open an account with an initial limit of up to $1,000 without an active RUC; for larger transactions, the bank will require an active RUC and generally about 6 months of tax history to unlock dollar operations and higher balances. We guide you on which path fits your profile, so your account grows alongside your life in Paraguay without unexpected roadblocks.
What's included
- Recommending institutions suited to your profile
- Organizing the documentation required to open the account
- Support scheduling and in-person assistance
- Guidance on account activity and banking compliance
- Support in case the bank requests additional items
Who it's for
Ideal for residents and companies who need to operate financially in Paraguay.
Ready to move forward with this service?
Choosing the wrong bank can mean months of repeated demands. Let's go straight to the right bank for your case. Talk to a Migranova specialist and understand the next steps for your specific case.
Frequently asked questions
Practically not. The Paraguayan ID card (cédula) is required by the vast majority of banks, even for simple accounts.
What clients also hire
Residency in Paraguay
Temporary and permanent residency with the entire process handled by specialists.
Company Formation in Paraguay
Incorporation with support for Sole Proprietorship, EAS, and SA structures.
Tax ID (RUC), Fiscal Address and Tax Card
Full setup of your Único Tributary Registry (RUC).
Still have questions about your case?
Talk to a Migranova specialist now and leave the conversation knowing exactly what your next step is.
Talk to a specialist