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The "Women's Paradise" of the title is the ironic nickname of a heavily-in-debt Vienna fashion salon. The business is taken over by Gary Field (Ivan Petrovich), a handsome young aviator. The shopgirls all swoon over Gary, especially starry-eyed little Eva (Hortense Raby), who offers to moonlight in order to pay the store's ever-mounting debts. In desperation, Eva tries to flatter the necessary funds out of a rich boor named Muehldoerfer (George Alexander) whose attentions she had once spurned. Touched by her devotion to Gary, Muheldoerfer gives her the money with no strings attached, but Gary suspects the worst and thereby hangs the rest of the tale.