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Countries

	Bahamas Central America & Caribbean	Bulgaria Europe	Barbados Central America & Caribbean	Paraguay Latin America
Overview	The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.	Bulgaria is an EU member state with competitive corporate tax, structured residency routes, and a well-developed digital infrastructure. Bordercase coordinates with licensed Bulgarian partners for filings.	Barbados is a Caribbean jurisdiction with structured residency routes including the Welcome Stamp for remote workers, and an established corporate-services sector. Bordercase coordinates with licensed Barbadian partners.	Paraguay offers one of the more accessible residency routes in Latin America for individuals seeking a second residence. Bordercase coordinates with licensed Paraguayan partners for filings.
Best for	HNW Funds Family offices English admin	Founders EU access Cost of living	Remote workers HNW English admin	Second residency Low day-count Cost of living Latin America
Currency	BSD	BGN / EUR transition	BBD	PYG
Language	English	Bulgarian	English	Spanish / Guaraní
Time zone	UTC-5	UTC+2	UTC-4	UTC-4
EU member	No	Yes	No	No
Schengen	No	Yes	No	No
Residency	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family routes	Bulgarian residency routes: Employment-based residence Business / self-employment routes Retirement / pensioner residency Family reunification EU citizen-derivative routes Permanent residence typically after 5 years.	Barbadian residency routes: Welcome Stamp - 12-month remote-worker route, renewable Special Entry Permit - qualifying HNW relocators Standard work permits - employer-sponsored Family routes	Paraguay residency routes: Permanent residency via proof of solvency / qualifying income - the standard route Family inclusion on the main application Physical-presence requirements are relatively low compared to other jurisdictions.
Company setup	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.	OOD (LLC) and EOOD (single-shareholder LLC) are common structures. Formation is well-documented. Corporate tax is at a flat rate; VAT registration depends on activity.	Corporate entities for international business (formerly IBC) are well established. Substance and reporting requirements apply.	SRL (Limited Liability) and SA (Joint Stock) structures are available; entity setup is well-supported by local partners. Substance and reporting requirements should be confirmed at setup.
Banking	Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.	Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.	Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.
Family	Family inclusion is supported on most routes. International schools are concentrated on New Providence.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.	Family inclusion is supported. International schools are limited but present.	Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.
Risks	Risks Bordercase watches for in the Bahamas: Economic substance reporting Property due diligence Reputational handling around offshore structures	Risks Bordercase watches for in Bulgaria: Tax residency triggers VAT classification on cross-border services Processing variations between regions Euro adoption is in progress - operational planning needed	Risks Bordercase watches for in Barbados: Tax residency triggers Substance and reporting under the post-BEPS framework Welcome Stamp renewal conditions	Risks Bordercase watches for in Paraguay: Residency vs tax residency confusion Document apostille and translation requirements must be tracked carefully Some originating countries are subject to additional scrutiny Real-world banking outside Paraguay may not change because of Paraguayan residency
Documents	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents	Typical Bulgarian residency documents: Passport Criminal record certificate Proof of address Basis for residence (employment, business, etc.) Health insurance Family certificates Apostilled and translated to Bulgarian.	Typical Barbadian documents: Passport Proof of income or employment Health insurance valid in Barbados Police clearance for longer-stay routes Apostilled foreign documents for family	Typical Paraguay documents: Passport Criminal record certificate (origin country + any country of residence in last 5 years) Marriage / birth certificates for family Proof of income or solvency (savings / pension / business) All documents apostilled and translated to Spanish.

Bahamas

Central America & Caribbean

Bulgaria

Europe

Barbados

Central America & Caribbean

Paraguay

Latin America

Overview

The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.

Bulgaria is an EU member state with competitive corporate tax, structured residency routes, and a well-developed digital infrastructure. Bordercase coordinates with licensed Bulgarian partners for filings.

Barbados is a Caribbean jurisdiction with structured residency routes including the Welcome Stamp for remote workers, and an established corporate-services sector. Bordercase coordinates with licensed Barbadian partners.

Paraguay offers one of the more accessible residency routes in Latin America for individuals seeking a second residence. Bordercase coordinates with licensed Paraguayan partners for filings.

Best for

HNW
Funds
Family offices
English admin

Founders
EU access
Cost of living

Remote workers
HNW
English admin

Second residency
Low day-count
Cost of living
Latin America

Currency

BSD

BGN / EUR transition

BBD

PYG

Language

English

Bulgarian

English

Spanish / Guaraní

Time zone

UTC-5

UTC+2

UTC-4

EU member

Yes

Schengen

Yes

Residency

Bahamian residency routes:

Economic Permanent Residence - qualifying property investment
Annual residence permits for HNW
Work permits - employer-sponsored
Family routes

Bulgarian residency routes:

Employment-based residence
Business / self-employment routes
Retirement / pensioner residency
Family reunification
EU citizen-derivative routes

Permanent residence typically after 5 years.

Barbadian residency routes:

Welcome Stamp - 12-month remote-worker route, renewable
Special Entry Permit - qualifying HNW relocators
Standard work permits - employer-sponsored
Family routes

Paraguay residency routes:

Permanent residency via proof of solvency / qualifying income - the standard route
Family inclusion on the main application

Physical-presence requirements are relatively low compared to other jurisdictions.

Company setup

IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.

OOD (LLC) and EOOD (single-shareholder LLC) are common structures. Formation is well-documented. Corporate tax is at a flat rate; VAT registration depends on activity.

Corporate entities for international business (formerly IBC) are well established. Substance and reporting requirements apply.

SRL (Limited Liability) and SA (Joint Stock) structures are available; entity setup is well-supported by local partners. Substance and reporting requirements should be confirmed at setup.

Banking

Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.

Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.

Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.

Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.

Family

Family inclusion is supported on most routes. International schools are concentrated on New Providence.

Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.

Family inclusion is supported. International schools are limited but present.

Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

Risks

Risks Bordercase watches for in the Bahamas:

Economic substance reporting
Property due diligence
Reputational handling around offshore structures

Risks Bordercase watches for in Bulgaria:

Tax residency triggers
VAT classification on cross-border services
Processing variations between regions
Euro adoption is in progress - operational planning needed

Risks Bordercase watches for in Barbados:

Tax residency triggers
Substance and reporting under the post-BEPS framework
Welcome Stamp renewal conditions

Risks Bordercase watches for in Paraguay:

Residency vs tax residency confusion
Document apostille and translation requirements must be tracked carefully
Some originating countries are subject to additional scrutiny
Real-world banking outside Paraguay may not change because of Paraguayan residency

Documents

Typical Bahamian documents:

Passport
Source-of-funds evidence
Health and police clearances
Apostilled foreign documents

Typical Bulgarian residency documents:

Passport
Criminal record certificate
Proof of address
Basis for residence (employment, business, etc.)
Health insurance
Family certificates

Apostilled and translated to Bulgarian.

Typical Barbadian documents:

Passport
Proof of income or employment
Health insurance valid in Barbados
Police clearance for longer-stay routes
Apostilled foreign documents for family

Typical Paraguay documents:

Passport
Criminal record certificate (origin country + any country of residence in last 5 years)
Marriage / birth certificates for family
Proof of income or solvency (savings / pension / business)

All documents apostilled and translated to Spanish.