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 VG flagBritish Virgin Islands

Central America & Caribbean

CY flagCyprus

Europe

GD flagGrenada

Central America & Caribbean

OverviewThe British Virgin Islands is a long-standing jurisdiction for BVI Business Companies used in international structures. Substance and reporting have tightened materially. Bordercase coordinates with licensed BVI partners.Cyprus is an EU member state with established routes for residency, company setup, and family relocation. Bordercase coordinates with regulated Cypriot lawyers and corporate-services providers for filings and ongoing compliance.Grenada is a Caribbean jurisdiction with a Citizenship by Investment programme that uniquely supports US E-2 treaty access. Bordercase coordinates with authorised local agents.
Best for
  • Holding structures
  • International funds
  • English admin
  • Founders
  • Holding structures
  • EU access
  • English admin
  • Second passport
  • US E-2 access
  • English admin
CurrencyUSDEURXCD
LanguageEnglishGreek / EnglishEnglish
Time zoneUTC-4UTC+2UTC-4
EU memberNoYesNo
SchengenNoNoNo
Residency

BVI presence options:

  • Work permits - employer-sponsored
  • Residency for HNW under specific programmes
  • Limited tourist / business visit arrangements

Cyprus residency routes:

  • Permanent residency by investment (Cat F / Cat 6.2)
  • Digital Nomad Visa
  • Employment routes (including the international headquartering route)
  • Family reunification

The investor citizenship programme is closed.

Grenada routes:

  • Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment
  • Standard work permits
  • Family routes
Company setup

BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.

Cyprus Limited companies are widely used by international groups for IP, holding, and trading structures. Substance, local director, and accounting requirements have tightened in recent years and must be planned at setup.

Domestic companies and IBCs are common in international structures.

Banking

Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.

Cypriot banks have strict KYC and source-of-funds processes following past compliance episodes. EMIs are widely used as supplements. Personal and corporate banking introductions go through vetted partners.

Banking is selective. Bordercase coordinates banking introductions through current partners.

Family

Family inclusion follows the main route. International schools are limited.

Family reunification is available on most routes. English-language schools (public and private) and healthcare options are widely accessible to legal residents.

CBI can include qualifying dependents.

Risks

Risks Bordercase watches for in the BVI:

  • Economic substance reporting
  • UBO disclosure and beneficial ownership reform
  • Reputational handling around offshore structures

Common pitfalls in Cyprus cases:

  • Post-reform substance requirements underestimated
  • Banking timelines longer than expected
  • Permanent residency confused with citizenship (different programmes)
  • Some sectors face additional KYC scrutiny

Risks Bordercase watches for in Grenada:

  • Programme parameters change
  • Due diligence has tightened
  • Reputational and revocation risks if information is misrepresented
Documents

Typical BVI documents:

  • Passport
  • Source-of-funds evidence
  • KYC for all UBOs
  • Apostilled foreign documents

Typical document pack for Cyprus residency:

  • Passport
  • Criminal record certificate (apostilled)
  • Proof of income / investment
  • Health insurance valid in Cyprus
  • Accommodation evidence
  • Education certificates (for relevant routes)
  • Marriage / birth certificates for family routes

For company formation: business plan, ownership-chain documents, and KYC for all ultimate beneficial owners.

Typical CBI documents:

  • Passport
  • Due diligence questionnaires
  • Source-of-funds evidence (extensive)
  • Family certificates with apostille and translation

Country pages stay the authoritative source. This view is a side-by-side; nothing here promises a particular outcome.