Internet Governance was a vague topic in Latin America and especially in Paraguay. Only after Snowden´s revelations of mass surveillance, the topic becomes familiar. This work addresses the need that Paraguay adopts institutional multistakeholder mechanisms for Internet policy-making. The study makes a comparison of regional experiences of institutional consolidations to address their effectiveness and suitability for replicability. The comparative approach analyses case studies from Argentina, Brazil, Colombia, Costa Rica and Mexico. The research also analyzed the early stages of Paraguay institutional mechanism and the local environment for Internet regulations. A survey showed the maturity of the local stakeholders to face the challenge to build a collaborative unit for Internet policy formulation following the Internet Governance principles.