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10. Capital markets and finance: Paraguay

Argentina. For full detail on Argentina, go to The Argentine Thread.

Capital markets, banking and credit in Paraguay: the Banco Central del Paraguay as single supervisor of banks and of the securities market, bank and finance company licences and indexed minimum capital, BCP approval of changes of control and bank secrecy, the 2025 securities and products market law with its public registry, foreign issuer and cross listing rules, stake reporting and control offers, the usury ceiling and credit card cap, and the tax on interest paid to foreign lenders, each tied to the official text. For the Argentine side of cross border financing see The Argentine Thread guide.

Investor view. A single central bank supervisor, a modern 2025 securities law open to foreign issuers and a low 4.5 percent effective tax on interest to unrelated foreign lenders give Paraguay a straightforward platform to fund growth.

Capital markets, banking and credit in Paraguay: the Central Bank as single supervisor, bank licences and capital, the new securities law, interest rate ceilings and tax on interest paid abroadThe Banco Central del Paraguay (BCP) supervises both sides of Paraguayan finance: banks and finance companies through its Superintendencia de Bancos under Ley 861/96, and the securities market through