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Countries

	Cayman Islands Central America & Caribbean	British Virgin Islands Central America & Caribbean	Grenada Central America & Caribbean	Uruguay Latin America
Overview	The Cayman Islands is an established offshore financial centre and a long-standing jurisdiction for fund, family-office, and holding structures. Bordercase coordinates with licensed Caymanian partners.	The 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.	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.	Uruguay is a stable South American jurisdiction with structured residency routes, strong civil infrastructure, and notable second-residence appeal for HNW relocators. Bordercase coordinates with licensed Uruguayan partners.
Best for	Funds Holding structures HNW English admin	Holding structures International funds English admin	Second passport US E-2 access English admin	HNW Stable economy Latin America hub Banking
Currency	KYD	USD	XCD	UYU
Language	English	English	English	Spanish
Time zone	UTC-5	UTC-4	UTC-4	UTC-3
EU member	No	No	No	No
Schengen	No	No	No	No
Residency	Cayman Islands residency routes: Certificate of Permanent Residence for Persons of Independent Means - qualifying investment Residency Certificate (Substantial Business Presence) - operating a qualifying business Work permits for employer-sponsored roles Family routes	BVI presence options: Work permits - employer-sponsored Residency for HNW under specific programmes Limited tourist / business visit arrangements	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes	Uruguayan residency routes: Standard residency - proof of income / qualifying activity Investor route Retirement / pensioner route MERCOSUR fast-track for member-state nationals Family reunification
Company setup	Exempted Companies, LLCs, and partnerships are widely used in fund and holding structures. Economic substance rules apply to relevant activities.	BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.	Domestic companies and IBCs are common in international structures.	SAS and SA are common structures. DGI tax registration and BPS social-security registration follow.
Banking	Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.	Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.	Banking is selective. Bordercase coordinates banking introductions through current partners.	Residency unlocks personal banking. Uruguay has historically been a HNW banking destination in the region; standards have tightened materially.
Family	Family inclusion is supported on most residency routes. International schools are concentrated on Grand Cayman.	Family inclusion follows the main route. International schools are limited.	CBI can include qualifying dependents.	Family reunification is supported. Schools (public, private, bilingual, international) are concentrated in Montevideo and Punta del Este.
Risks	Risks Bordercase watches for in the Cayman Islands: Economic substance reporting and audit Reputational handling around offshore structures KYC tightening across the industry	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 Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented	Risks Bordercase watches for in Uruguay: Tax residency triggers (the new-resident tax holiday has conditions) Banking documentation and source-of-funds rigor Apostille + Spanish translation requirements
Documents	Typical Cayman documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents Family certificates for dependents	Typical BVI documents: Passport Source-of-funds evidence KYC for all UBOs Apostilled foreign documents	Typical CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation	Typical Uruguayan documents: Passport Apostilled foreign documents Proof of income or investment Health insurance Spanish translations where required

Cayman Islands

Central America & Caribbean

British Virgin Islands

Central America & Caribbean

Grenada

Central America & Caribbean

Uruguay

Latin America

Overview

The Cayman Islands is an established offshore financial centre and a long-standing jurisdiction for fund, family-office, and holding structures. Bordercase coordinates with licensed Caymanian partners.

The 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.

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.

Uruguay is a stable South American jurisdiction with structured residency routes, strong civil infrastructure, and notable second-residence appeal for HNW relocators. Bordercase coordinates with licensed Uruguayan partners.

Best for

Funds
Holding structures
HNW
English admin

Holding structures
International funds
English admin

Second passport
US E-2 access
English admin

HNW
Stable economy
Latin America hub
Banking

Currency

KYD

USD

XCD

UYU

Language

English

Spanish

Time zone

UTC-5

UTC-4

UTC-3

EU member

Schengen

Residency

Cayman Islands residency routes:

Certificate of Permanent Residence for Persons of Independent Means - qualifying investment
Residency Certificate (Substantial Business Presence) - operating a qualifying business
Work permits for employer-sponsored roles
Family routes

BVI presence options:

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

Grenada routes:

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

Uruguayan residency routes:

Standard residency - proof of income / qualifying activity
Investor route
Retirement / pensioner route
MERCOSUR fast-track for member-state nationals
Family reunification

Company setup

Exempted Companies, LLCs, and partnerships are widely used in fund and holding structures. Economic substance rules apply to relevant activities.

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

Domestic companies and IBCs are common in international structures.

SAS and SA are common structures. DGI tax registration and BPS social-security registration follow.

Banking

Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.

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

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

Residency unlocks personal banking. Uruguay has historically been a HNW banking destination in the region; standards have tightened materially.

Family

Family inclusion is supported on most residency routes. International schools are concentrated on Grand Cayman.

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

CBI can include qualifying dependents.

Family reunification is supported. Schools (public, private, bilingual, international) are concentrated in Montevideo and Punta del Este.

Risks

Risks Bordercase watches for in the Cayman Islands:

Economic substance reporting and audit
Reputational handling around offshore structures
KYC tightening across the industry

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 Grenada:

Programme parameters change
Due diligence has tightened
Reputational and revocation risks if information is misrepresented

Risks Bordercase watches for in Uruguay:

Tax residency triggers (the new-resident tax holiday has conditions)
Banking documentation and source-of-funds rigor
Apostille + Spanish translation requirements

Documents

Typical Cayman documents:

Passport
Source-of-funds evidence
Health and police clearances
Apostilled foreign documents
Family certificates for dependents

Typical BVI documents:

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

Typical CBI documents:

Passport
Due diligence questionnaires
Source-of-funds evidence (extensive)
Family certificates with apostille and translation

Typical Uruguayan documents:

Passport
Apostilled foreign documents
Proof of income or investment
Health insurance
Spanish translations where required