Personal account
USD 450
Opening is subject to documentation and bank approval.
Ask about this option ↗Bank accounts & accounting
Bank account in Paraguay for foreigners
To open a personal account, you first need the cédula (Paraguayan ID card); after that, each bank sets its own requirements and decides whether to open the account. We help you prepare your documents and support you through the process with the bank.
- Team in Asunción
- Prices in USD, VAT included
- Quote and terms in writing
Options & pricing
Business account
USD 500
Included in the full EAS service and the package. Subject to bank approval.
Ask about this option ↗What is included
- A review of your documents before you go to the bank.
- Guidance on what banks usually ask for: the source of your funds and your activity.
- Support throughout the process with the bank.
What to budget for separately
No one can guarantee that an account will be opened: the decision is the bank’s, under its anti-money-laundering policies.
How the process works
Paraguayan cédula
It is the first requirement. If you do not have one yet, we handle it with your residency.
Documents
We prepare what the bank asks for on the source of your funds and your activity.
Submission to the bank
We support you through the process.
The bank’s decision
The bank reviews your application and decides whether to open the account.
Frequently asked questions
Can a foreigner open a bank account in Paraguay?
Yes. To open a personal bank account in Paraguay, you first need the cédula (Paraguayan ID card); after that, each bank sets its own requirements and decides whether to open the account. We assist with a personal account for USD 450 or a business account for USD 500, VAT included. Read the full answer →
How do foreigners get a Paraguayan cédula?
First you get Paraguay residency from Migraciones (National Migration Office); with your residence card, you then apply for the cédula (Paraguayan ID card) at the Identification Department of the Policía Nacional (National Police). With temporary residency, the cédula expires when your residency does; a permanent resident’s cédula is renewed every 10 years. Read the full answer →
How can a foreigner open a company in Paraguay?
The fastest way to open a company in Paraguay is the EAS (Simplified Joint-Stock Company), created by Law 6480/2020: it can be formed by one or more people, with no minimum capital and with liability limited to their contributions, and it is registered through SUACE (the government’s one-stop business portal). If the legal representative is a foreigner, they need a cédula (Paraguayan ID card). Read the full answer →
Tell us about your situation
We reply on WhatsApp with your route and a written quote.
Indicative prices including VAT. Scope, expenses and terms are confirmed in writing before engagement. Approvals and timing depend on the relevant institutions.