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 VG flagBritish Virgin Islands

Central America & Caribbean

PY flagParaguay

Latin America

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.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
  • Holding structures
  • International funds
  • English admin
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
CurrencyUSDPYG
LanguageEnglishSpanish / Guaraní
Time zoneUTC-4UTC-4
EU memberNoNo
SchengenNoNo
Residency

BVI presence options:

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

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

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

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

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

Family

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

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

Risks

Risks Bordercase watches for in the BVI:

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

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 BVI documents:

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

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.

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