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Countries

	Bulgaria Europe	Brazil Latin America	Bahamas Central America & Caribbean	Türkiye Europe
Overview	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.	Brazil is the largest Latin American economy with structured residency routes and growing remote-worker visa pathways. Bordercase coordinates with licensed Brazilian partners for filings.	The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.	Türkiye offers a range of residency routes from short-term tourist residency to longer-term investor / family / work routes. Bordercase coordinates with licensed Turkish lawyers for filings.
Best for	Founders EU access Cost of living	Latin America hub Founders Families Digital nomads	HNW Funds Family offices English admin	Citizenship by investment Cost of living Regional residency Families
Currency	BGN / EUR transition	BRL	BSD	TRY
Language	Bulgarian	Portuguese	English	Turkish
Time zone	UTC+2	UTC-3	UTC-5	UTC+3
EU member	Yes	No	No	No
Schengen	Yes	No	No	No
Residency	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.	Brazilian residency routes: Investor visa (VIPER / VITEM) - qualifying investment in a Brazilian business Digital nomad visa - remote workers Retirement visa - qualifying pension income Family reunification Employer-sponsored work permits	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family routes	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
Company setup	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.	Ltda and SA are the standard structures. CNPJ registration, state registrations, and Receita Federal tax registration follow. The MEI regime suits micro-entrepreneurs.	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.	Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.
Banking	Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.	Residency unlocks personal and corporate banking. Pix has changed everyday payments; SWIFT for international flows still requires careful KYC.	Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.	Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.
Family	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.	Family reunification is supported on most routes. International schools (English, German, French, Japanese) are concentrated in São Paulo, Rio, and Brasília.	Family inclusion is supported on most routes. International schools are concentrated on New Providence.	Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.
Risks	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 Brazil: Tax residency rules and worldwide-income reporting Real-estate restrictions in certain border regions Document apostille + Portuguese translation	Risks Bordercase watches for in the Bahamas: Economic substance reporting Property due diligence 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
Documents	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 Brazilian documents: Passport Apostilled foreign documents Proof of income or investment Photographs to specification Brazilian consular application abroad for most routes	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances 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.

Bulgaria

Europe

Brazil

Latin America

Bahamas

Central America & Caribbean

Türkiye

Europe

Overview

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.

Brazil is the largest Latin American economy with structured residency routes and growing remote-worker visa pathways. Bordercase coordinates with licensed Brazilian partners for filings.

The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.

Türkiye offers a range of residency routes from short-term tourist residency to longer-term investor / family / work routes. Bordercase coordinates with licensed Turkish lawyers for filings.

Best for

Founders
EU access
Cost of living

Latin America hub
Founders
Families
Digital nomads

HNW
Funds
Family offices
English admin

Citizenship by investment
Cost of living
Regional residency
Families

Currency

BGN / EUR transition

BRL

BSD

TRY

Language

Bulgarian

Portuguese

English

Turkish

Time zone

UTC+2

UTC-3

UTC-5

UTC+3

EU member

Yes

Schengen

Yes

Residency

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.

Brazilian residency routes:

Investor visa (VIPER / VITEM) - qualifying investment in a Brazilian business
Digital nomad visa - remote workers
Retirement visa - qualifying pension income
Family reunification
Employer-sponsored work permits

Bahamian residency routes:

Economic Permanent Residence - qualifying property investment
Annual residence permits for HNW
Work permits - employer-sponsored
Family routes

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

Company setup

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.

Ltda and SA are the standard structures. CNPJ registration, state registrations, and Receita Federal tax registration follow. The MEI regime suits micro-entrepreneurs.

IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.

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

Banking

Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.

Residency unlocks personal and corporate banking. Pix has changed everyday payments; SWIFT for international flows still requires careful KYC.

Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.

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

Family

Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.

Family reunification is supported on most routes. International schools (English, German, French, Japanese) are concentrated in São Paulo, Rio, and Brasília.

Family inclusion is supported on most routes. International schools are concentrated on New Providence.

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

Risks

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 Brazil:

Tax residency rules and worldwide-income reporting
Real-estate restrictions in certain border regions
Document apostille + Portuguese translation

Risks Bordercase watches for in the Bahamas:

Economic substance reporting
Property due diligence
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

Documents

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 Brazilian documents:

Passport
Apostilled foreign documents
Proof of income or investment
Photographs to specification
Brazilian consular application abroad for most routes

Typical Bahamian documents:

Passport
Source-of-funds evidence
Health and police clearances
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.