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	Barbados Central America & Caribbean	Bulgaria Europe	Panama Central America & Caribbean	Grenada Central America & Caribbean
Overview	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.	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.

Residency	Barbadian residency routes: Welcome Stamp - 12-month remote-worker route, renewable Special Entry Permit - qualifying HNW relocators Standard 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.	Panama residency routes: Friendly Nations Visa - now requires economic tie (employment, real estate, or investment) Qualified Investor Visa - qualifying investment thresholds Pensionado / Retiree Visa - qualifying pension income Family routes	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes

Company setup	Corporate entities for international business (formerly IBC) are well established. Substance and reporting requirements apply.	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.	Panamanian corporations (SA) and Private Interest Foundations are widely used. Beneficial ownership reporting, CRS / FATCA compliance, and substance discussions have become material; planning must reflect current standards.	Domestic companies and IBCs are common in international structures.

Banking	Banking is mature but selective. Source-of-funds documentation is central. 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.	Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.	Banking is selective. Bordercase coordinates banking introductions through current partners.

Family	Family inclusion is supported. International schools are limited but present.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.	Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.	CBI can include qualifying dependents.

Risks	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 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 Panama: Reputational / de-banking risks for poorly structured offshore-only setups Tax residency analysis for clients with other obligations (CRS / FATCA) Processing delays at Migration UBO reporting is now active	Risks Bordercase watches for in Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented

Documents	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 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 Panama documents: Passport Criminal record certificate (apostilled) Proof of economic tie (employment letter, property deed, or investment evidence) Proof of address Marriage / birth certificates for family All documents apostilled and translated where required.	Typical CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation