Paso Fino Horses are the descendants of Iberian Horses, and are bred in the Caribbean region. The most famous countries of origin are Puerto Rico and Columbia, but they are native to several countries in the region.

They can be found in good numbers in North America, but are also bred (if in lesser numbers) in Europe. Since about 2000, they have been in Australia and New Zealand, but they are still a rarity in Oceania.