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 BG flagBulgaria

Europe

IT flagItaly

Europe

GD flagGrenada

Central America & Caribbean

OverviewBulgaria 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.Italy offers EU residency routes for self-employed, entrepreneurs, retirees, and recently a digital nomad / remote worker route. Bordercase coordinates with licensed Italian partners for filings and tax planning.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
  • Founders
  • EU access
  • Cost of living
  • Families
  • Remote workers
  • EU access
  • Long-term residency
  • Second passport
  • US E-2 access
  • English admin
CurrencyBGN / EUR transitionEURXCD
LanguageBulgarianItalianEnglish
Time zoneUTC+2UTC+1UTC-4
EU memberYesYesNo
SchengenYesYesNo
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.

Italian residency routes:

  • Elective Residency Visa - passive income, no employment in Italy
  • Self-employment visa (within quota)
  • Entrepreneur visa
  • Investor visa
  • Digital nomad / remote worker - for qualified professionals

Flat-tax regime (Article 24-bis) and impatriate regime may apply.

Grenada routes:

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

SRL (Limited Liability Company) and SRL Semplificata are the standard structures. Italian tax residency triggers worldwide reporting; the flat-tax regime for new residents (article 24-bis) and the impatriate regime may apply to eligible individuals.

Domestic companies and IBCs are common in international structures.

Banking

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

Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.

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

Family

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

Family reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.

CBI can include qualifying dependents.

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 Italy:

  • Tax residency triggers
  • Flat-tax regime eligibility and possible revocation
  • Regional administrative variation
  • Language and bureaucratic friction
  • Impatriate regime conditions vary

Risks Bordercase watches for in Grenada:

  • Programme parameters change
  • Due diligence has tightened
  • Reputational and revocation risks if information is misrepresented
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 Italian residency documents:

  • Passport
  • Criminal record certificate
  • Proof of income (significant for elective residency)
  • Health insurance valid in Italy
  • Accommodation evidence
  • Codice fiscale (tax number)

Apostille and certified Italian translation where required.

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.