Compare jurisdictions, side by side.

BVI presence options:

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

Türkiye residency routes:

• Short-term residence permit (1-2 years, renewable)
• Family permit
• Work permit - employer-sponsored
• Student permit
• Citizenship-by-investment via real estate or qualifying deposits / investments

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

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

Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.

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

Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.

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 inclusion follows the main route. International schools are limited.

Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.

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 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 Türkiye:

• Restricted residency zones (some districts no longer issue short-term residency to foreigners)
• Currency volatility on investment routes
• Shifting policy on the citizenship-by-investment programme
• Banking documentation requirements tighten regularly

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

Typical BVI documents:

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

Typical Türkiye documents:

• Passport
• Biometric photos
• Proof of address
• Proof of income or savings
• Health insurance
• Criminal record certificate
• Marriage / birth certificates for family

Documents apostilled and translated to Turkish.

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