Start assessment

Countries

Compare

Compare jurisdictions, side by side.

Pick up to 4 countries and see residency, company, banking, family, and risk notes line up. No prices, no marketing packages - just the working notes.

Start your assessment All countries

	Barbados Central America & Caribbean	Cayman Islands Central America & Caribbean	Grenada Central America & Caribbean	Panama 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.	The Cayman Islands is an established offshore financial centre and a long-standing jurisdiction for fund, family-office, and holding structures. Bordercase coordinates with licensed Caymanian partners.

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	Cayman Islands residency routes: Certificate of Permanent Residence for Persons of Independent Means - qualifying investment Residency Certificate (Substantial Business Presence) - operating a qualifying business Work permits for employer-sponsored roles Family routes	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes	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

Company setup	Corporate entities for international business (formerly IBC) are well established. Substance and reporting requirements apply.	Exempted Companies, LLCs, and partnerships are widely used in fund and holding structures. Economic substance rules apply to relevant activities.	Domestic companies and IBCs are common in international structures.	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.

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

Family	Family inclusion is supported. International schools are limited but present.	Family inclusion is supported on most residency routes. International schools are concentrated on Grand Cayman.	CBI can include qualifying dependents.	Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.

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 the Cayman Islands: Economic substance reporting and audit Reputational handling around offshore structures KYC tightening across the industry	Risks Bordercase watches for in Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented	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

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 Cayman documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents Family certificates for dependents	Typical CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation	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.