Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right structure and leads the file all the way to a compliant launch, including banking and payment rails.
Get a crypto license in Paraguay.
Paraguay has no dedicated crypto exchange licence - and we say so plainly. What it has is real: some of the world's cheapest hydroelectric power, a 10% corporate tax and moves in Congress to regulate the mining sector. For exchange and trading, the route is a governed company with AML registered to SEPRELAD. We structure it honestly.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Crypto licenses obtainedlicenses obtained
Updated
Paraguay in brief
No exchange licence - cheap power and a light tax base.
Paraguay does not have a dedicated crypto or VASP exchange licence, and no one can sell you one. Crypto trading is legal and lightly regulated; virtual-asset providers fall under the anti-money-laundering system and register with SEPRELAD, the country's AML authority, as obliged parties. The part lawmakers have actually moved on is mining: since 2024 Congress has worked through several bills to regulate the crypto-mining industry - defining the activity, requiring registration and dealing with industrial electricity supply - while the national electricity administration, ANDE, has raised tariffs for miners. So the picture is honest and specific: crypto activity is legal, exchange is unlicensed and mining is being brought under rules.
What draws people to Paraguay is not a licence - it is power and tax. The Itaipú and Yacyretá dams give the country some of the cheapest electricity anywhere, which is why it became a mining hub, and the tax base is light: a 10% corporate rate, 10% VAT and 8% on dividends, under a territorial system. For mining, that combination is a genuine edge, though rising tariffs and new rules mean it has to be planned, not assumed. For exchange and trading, the route is a properly governed Paraguayan company with real AML. Where a target market needs a supervised permission Paraguay does not grant, we pair a licensed jurisdiction and say so. We build the compliant structure and track the drafts as they move.
No dedicated crypto exchange licence in Paraguay - honestly. Virtual-asset providers register with SEPRELAD for AML; the mining sector is what Congress has moved to regulate. The route is a governed company plus real AML.
The draw is cheap hydro power and a light tax base - 10% corporate, 10% VAT, 8% dividends, territorial. For supervised activity we pair a licensed jurisdiction and say so.
The honest picture
The company + AML route - a mining base with an edge.
Two workstreams: the company plus AML structure that operates now, and the mining set-up where cheap power is the play. We scope both before any work begins.
The company + AML route operates now; for miners, a mining/readiness file as the sector's rules land.
01 - COMPANY + AML · THE ROUTE
Governed company, real AML
The working structure: a Paraguayan company with clean governance, SEPRELAD registration as an obliged party and a full AML programme - lawful and credible, without a dedicated exchange licence because none exists.
The working structure: a Paraguayan company with clean governance, SEPRELAD registration as an obliged party and a full AML programme - lawful and credible, without a dedicated exchange licence because none exists.
- ✓Paraguayan company with clean governance
- ✓SEPRELAD registration as an obliged party
- ✓AML/CFT programme, KYC and monitoring
- ✓Record-keeping to Paraguayan rules
- ✓Light territorial tax base - 10% IRE
- ✓Banking arranged on full disclosure
02 - MINING & READINESS
10% tax · cheap hydro powerMining base, ready for rules
Paraguay's edge is power and low tax. The mining sector is being regulated, so we set miners up to registration standard, model the ANDE tariffs and keep the file current as the drafts move.
Cheap hydro power and 10% tax; mining is being regulated - we build to registration standard and track the drafts.
- ✓Cheap hydro power - Itaipú, Yacyretá
- ✓Mining registration to the sector's rules
- ✓ANDE industrial tariffs modelled
- ✓Compliance built to licence-grade anyway
- ✓Legislative monitoring - we track drafts
- ✓Licensed pairing where markets require it
Costs and timelines are confirmed for your case before any work begins. Paraguay has no dedicated exchange or VASP licence - the company + AML route, and for miners the sector's own rules, is the real path. We are candid that it is a compliance structure, not an authorisation.
Why Paraguay
Cheap power, light tax, honest limits.
No dedicated exchange licence - but the cheapest hydro power in the region, a light tax base and a mining sector that is finally getting rules. A properly compliant company is a credible base.
✓
Cheap hydroelectric power
Itaipú and Yacyretá make Paraguay one of the cheapest places on earth to run mining hardware. For energy-heavy models, the operating maths starts here and rarely looks better elsewhere.Itaipú and Yacyretá - the mining maths starts here.
✓
A very light tax base
A 10% corporate rate, 10% VAT and 8% on dividends, under a territorial system - among the lightest regimes in Latin America, and a real reason to hold operations here.10% corporate, 10% VAT, 8% dividends, territorial.
✓
Legal to operate
Crypto is not banned - exchange is simply unlicensed. Running a governed company that meets its SEPRELAD AML obligations is lawful, and those standards are what banks and counterparties read.Not banned - unlicensed; SEPRELAD AML is lawful.
✓
Mining is getting rules
Congress has worked through legislation to regulate the mining sector - registration, tariffs, supply. That means costs to plan for, but also a clearer footing than an unregulated grey zone.Registration and tariffs - a clearer footing.
✓
Honest on the limits
There is no exchange or VASP licence to obtain, and no crypto passport. For supervised activity we pair a licensed jurisdiction and tell you plainly where Paraguay stops.No passport; pair a licensed jurisdiction.
✓
Honest guidance
We will not sell a Paraguayan «crypto licence» that does not exist. We build the real compliant structure, model the power and tax, and mark the edges of what it can do.No selling a licence that does not exist.
How it compares
How Paraguay differs from other routes.
Paraguay is the cheap-power, low-tax play with a company and AML base, not a licensing regime. The honest comparison is below.
Paraguay vs other jurisdictions
| Feature |  Paraguay | Other jurisdictions |
|---|---|---|
| Regime | Company + AML, no exchange licence | Dedicated VASP licences |
| AML basis | SEPRELAD registration | Licence-based supervision |
| Corporate tax | 10% - among the lowest | Often higher |
| Edge | Cheap hydro power for mining | Varies |
Regime
ParaguayCompany + AML, no exchange licence
Other jurisdictionsDedicated VASP licences
AML basis
ParaguaySEPRELAD registration
Other jurisdictionsLicence-based supervision
Corporate tax
Paraguay10% - among the lowest
Other jurisdictionsOften higher
Edge
ParaguayCheap hydro power for mining
Other jurisdictionsVaries
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Paraguay | Company + AML (no exchange licence) | 10% corporate | SEPRELAD; mining rules |
 Brazil | VASP under Law 14.478 (BCB) | 34% combined | Central-Bank supervised |
 Argentina | PSAV registry (CNV) | 35% corporate | CNV registration + AML |
 Panama | No dedicated law - company route | Territorial - 0% foreign | AML practice; framework pending |
ParaguayLicense typeCompany + AML (no exchange licence)
Taxation10% corporate
RequirementsSEPRELAD; mining rules
BrazilLicense typeVASP under Law 14.478 (BCB)
Taxation34% combined
RequirementsCentral-Bank supervised
ArgentinaLicense typePSAV registry (CNV)
Taxation35% corporate
RequirementsCNV registration + AML
PanamaLicense typeNo dedicated law - company route
TaxationTerritorial - 0% foreign
RequirementsAML practice; framework pending
Doing it properly
What the compliant structure contains.What the compliant structure contains.
No licence does not mean no standards - the SEPRELAD AML obligations are real, and the mining rules are tightening. The checklist below is what we build.
01
Paraguayan company - incorporated (S.A. or S.R.L.) with clean governance and transparent ownership to UBOs.
02
SEPRELAD registration and reporting - as an obliged party, with the AML/CFT obligations that apply to virtual-asset providers.
03
AML/CFT programme - risk assessment, KYC, ongoing monitoring and record-keeping to Paraguayan rules.
04
Named compliance officer - appointed with real authority to run the programme.
05
Mining set-up where relevant - registration and the industrial power arrangements the sector's rules require, with ANDE tariffs modelled.
06
Source and tax file - the territorial position documented; IRE, IVA and IDU mapped to the model.
07
Custody and systems documentation - wallet architecture described to international standards.
08
Banking file - accounts arranged on full disclosure, matched to the flows.
09
Clean books - accounting a bank and a future regulator read as an asset.
10
Legislative monitoring - the mining and crypto drafts tracked, the structure updated as they move.
11
Licensed pairing - a supervised base alongside where a target market needs a permission Paraguay does not grant.
01
Paraguayan company with clean governance.
02
SEPRELAD registration as obliged party.
03
AML/CFT programme, KYC and monitoring.
04
Named compliance officer.
05
Mining set-up and ANDE tariffs modelled.
06
Territorial tax file - IRE, IVA, IDU mapped.
07
Custody and systems documentation.
08
Banking file on full disclosure.
09
Clean books from day one.
10
Legislative monitoring of the drafts.
11
Licensed pairing where needed.
Reflects Paraguay's general company law and AML framework (SEPRELAD) as of 2026. There is no dedicated crypto exchange licence - in writing, not in small print. Mining is being regulated and ANDE tariffs have risen.General company law + AML (SEPRELAD), as of 2026. No exchange licence; mining rules advancing.
How it works
From first call to a compliant structure.
01
Strategy and honesty
The real status, the mining-versus-exchange split, your AML obligations and the tax and banking plan - fixed in writing before anything incorporates.Status, mining vs exchange, tax and banking - in writing.
02
Company and governance
Paraguayan incorporation with clean governance and transparent ownership - the base the AML route needs.Incorporation, clean governance, UBOs.
03
SEPRELAD and AML
Registration, reporting and a full AML programme with a named compliance officer - built to standard.Registration, reporting, programme, officer.
04
Banking, power and operations
Accounts arranged on disclosure; for miners, the ANDE power and registration set-up - the structure live on rails that hold.Accounts on disclosure; power set-up for miners.
05
Monitor and convert
The mining and crypto drafts tracked - as rules land, the prepared file is updated and stays current.Tracked and updated as the rules land.
Quick facts
Dedicated lawNone - mining only
RouteCompany + AML
AML supervisorSEPRELAD
Corporate tax10% (IRE)
VAT10% (IVA)
Dividends8% (IDU)
PowerCheap hydro
Tax systemTerritorial
Anyone selling a «Paraguayan crypto licence» in 2026 is selling paper. The honest product is the compliant company and AML structure - with cheap power and light tax behind it.
On the ground in Paraguay
Run from our Dubai office, with Paraguayan counsel.
Prifinance - Paraguay desk
Asunción · Paraguay
Asunción, Paraguay
01
Paraguayan incorporation
Company formation with clean governance - the corporate layer the AML route and any mining set-up sit on, built properly.Clean governance - the base for the AML route.
02
SEPRELAD and AML
Registration and reporting to SEPRELAD and a full AML programme - drafted, filed and maintained to standard.Registration, reporting and programme - maintained.
03
Power and mining set-up
For miners, the registration and ANDE power arrangements the sector's rules require - with the tariffs modelled up front.Registration and ANDE tariffs, modelled up front.
04
Banking and readiness
Accounts arranged on disclosure, and the file kept current so you move with the mining and crypto drafts, not behind them.Accounts on disclosure; ahead of the drafts.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
London
United Kingdom
7 Bell Yard
Dubai
UAE
33 Level, Al Saqr Business Tower
Madeira
Portugal
Rua da Alegria 31, 1F
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
Taxation of crypto companies in Paraguay.
No crypto-specific levy - company profits carry a 10% corporate rate under a territorial system, one of the lightest positions in the region, so the tax plan is a real reason to be here.
10% corporate (IRE)
The corporate income tax rate is 10% on company profits - among the lowest in Latin America. For a profitable operation, that headline rate is a genuine part of why Paraguay works.Among the region's lowest - a real reason to be here.
10% VAT (IVA)
Value-added tax applies to domestic supplies of goods and services in the usual way; how it maps onto crypto fee income depends on the activity, so we plan the position rather than assume an exemption.Domestic supplies - planned, not assumed.
8% on dividends (IDU)
Distributions of profit carry the dividend tax (IDU) at 8%. Owner-level treatment then depends on residence, which we model in the home country.On distributions; owner analysis at home.
Territorial system
Paraguay taxes Paraguayan-source income; the source line matters, and we document it rather than leave it to argument later.Source line documented, not argued later.
Cheap power is the real edge
For mining, the electricity cost - not the tax - is the headline. We model the ANDE tariffs alongside the tax, so the operating picture is honest and includes the power cost, rather than a headline rate on its own.For mining, the tariff is the headline - modelled.
Records serve both
The SEPRELAD AML record-keeping the route requires also underpins the tax position - compliance-grade books double as tax-office-grade books.Compliance-grade books serve tax too.
Tax summary
Corporate income tax (IRE)10%
VAT (IVA)10%
Dividends (IDU)8%
Tax systemTerritorial
CurrencyPYG
Crypto-specific rulesNone - general + mining
*As of 2026. At 10% corporate under a territorial system, Paraguay is a genuinely light base - we model it, and the power cost, honestly.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the AML programme to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Paraguayan company, AML/KYC policy pack and SEPRELAD registration, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a clean, compliant business.
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Paraguay · AML route
Launch your crypto project in Paraguay with expert support.
Full-service setup - the compliant company and AML structure, plus the mining base where cheap power is the play.
Get a consultation →Free legal opinion
Is Paraguay the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, structure, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Paraguay crypto route, answered honestly.
Is there a crypto licence in Paraguay?+
No - there is no dedicated crypto or VASP exchange licence. Trading is lightly regulated; virtual-asset providers register with SEPRELAD as AML obliged parties. The part Congress has moved on is mining. Anyone selling a «Paraguayan crypto licence» is describing something that does not exist.
So is operating legal?+
Yes, when done properly. Crypto is not banned - exchange is unlicensed. Operating through a governed Paraguayan company that meets its SEPRELAD AML obligations is lawful, and those standards are what banks read.
What makes Paraguay good for mining?+
Power. The Itaipú and Yacyretá dams give some of the cheapest electricity anywhere, with a 10% corporate tax on top. The trade-off is that ANDE has been raising industrial tariffs and the sector is being brought under rules.
What are the mining rules?+
Since 2024 Congress has worked through legislation to regulate crypto mining - defining the activity, requiring registration and dealing with industrial power supply. We track the drafts and set miners up to that standard.
What is SEPRELAD?+
Paraguay's anti-money-laundering authority. Virtual-asset providers register with it as obliged parties and meet AML/CFT obligations - KYC, monitoring, reporting and a named compliance officer. We build it to standard.
How are crypto companies taxed?+
Lightly, by regional standards - a 10% corporate rate (IRE), 10% VAT (IVA) and 8% on dividends (IDU), under a territorial system. We map the position to your model from the start.
What about serving regulated markets?+
Paraguay grants no crypto passport. Where a target market needs a supervised permission, we pair the Paraguayan base with a licensed desk and sequence both.
Why Paraguay with you?+
Because the value is in the detail: the SEPRELAD registration, the AML programme, the power and tax modelling, the banking file. We build Paraguayan structures to the standard licensed firms keep - which is what makes them bankable.
Is there a crypto licence?+
No exchange licence - VASPs register with SEPRELAD; mining is being regulated.
Is operating legal?+
Yes - governed company + SEPRELAD AML.
Good for mining?+
Yes - cheap hydro power; but tariffs are rising.
The mining rules?+
Registration and power supply - we track the drafts.
What is SEPRELAD?+
The AML authority - VASPs register as obliged parties.
Company taxes?+
10% corporate, 10% VAT, 8% dividends, territorial.
Regulated markets?+
Pair with a licensed desk - sequenced.
Why with us?+
The compliance and cost detail makes it bankable.
Client notes
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Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, structure, or route fits your business.Free legal opinion: which Paraguay structure fits your project and what it will cost.
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Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of SEPRELAD, ANDE or any other public authority. Registrations are made with, and obtained directly from, the competent authorities.