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Compare jurisdictions, side by side.

Pick up to 4 countries and see residency, company, banking, family, and risk notes line up. No prices, no marketing packages - just the working notes.

 BG flagBulgaria

Europe

GB flagUnited Kingdom

Europe

PY flagParaguay

Latin America

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.The United Kingdom is a major global jurisdiction with structured (and competitive) residency, business, and skilled-worker routes. Bordercase coordinates with licensed UK partners for filings.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
  • Founders
  • EU access
  • Cost of living
  • Founders
  • Skilled workers
  • Global hub
  • Banking
  • English admin
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
CurrencyBGN / EUR transitionGBPPYG
LanguageBulgarianEnglishSpanish / Guaraní
Time zoneUTC+2UTC+0UTC-4
EU memberYesNoNo
SchengenYesNoNo
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.

UK residency routes:

  • Skilled Worker visa - employer-sponsored
  • Innovator Founder visa - for endorsed founders
  • Global Talent visa - for endorsed experts
  • Self-Sponsorship via own company (with substance)
  • Family routes - spouse / partner / dependents
  • Ancestry visa for eligible Commonwealth nationals

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

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.

UK Limited companies are widely used internationally. HMRC corporation tax, VAT thresholds, and PSC (people with significant control) reporting apply. Substance expectations have tightened.

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

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 mature but onboarding is slow for non-residents. Many international founders use UK EMIs (Revolut, Monzo Business, etc.) alongside high-street accounts. Bordercase coordinates introductions for cross-border cases.

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

Family

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

Family reunification is supported. Schools (state, private, international) are widely available; competition for top schools is real.

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

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 the UK:

  • Tax residency triggers (Statutory Residence Test)
  • Sole-rep / Innovator endorsement standards have tightened
  • Brexit-era operational variation between UK and EU services
  • Sponsorship Compliance for licensed sponsors

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 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 UK documents:

  • Passport
  • Certificate of Sponsorship (for sponsored routes)
  • TB test (for certain nationalities)
  • Maintenance funds evidence
  • Apostilled / certified documents for family routes

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.