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Countries

	Chile Latin America	Bahamas Central America & Caribbean	Cayman Islands Central America & Caribbean	Montenegro Europe
Overview	Chile is a stable Latin American economy with structured residency routes, strong civil infrastructure, and growing relevance for international founders. Bordercase coordinates with licensed Chilean 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.	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.	Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin partners.
Best for	Latin America hub Stable economy Founders Families	HNW Funds Family offices English admin	Funds Holding structures HNW English admin	Cost of living Coastal living Regional residency
Currency	CLP	BSD	KYD	EUR
Language	Spanish	English	English	Montenegrin / Serbian
Time zone	UTC-4	UTC-5	UTC-5	UTC+1
EU member	No	No	No	No
Schengen	No	No	No	No
Residency	Chilean residency routes: Temporary residence - employment, retirement, or qualifying activity Investor / entrepreneur routes Family reunification Permanent residence typically after a qualifying temporary period	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family routes	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	Montenegrin residency routes: Temporary residence via employment Business / self-employment Real-estate ownership Family reunification Permanent residence typically after 5 years.
Company setup	SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.	Exempted Companies, LLCs, and partnerships are widely used in fund and holding structures. Economic substance rules apply to relevant activities.	DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.
Banking	Residency unlocks personal banking. Corporate banking depends on activity. Bordercase coordinates introductions for cross-border cases.	Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.	Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.	Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.
Family	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.	Family inclusion is supported on most routes. International schools are concentrated on New Providence.	Family inclusion is supported on most residency routes. International schools are concentrated on Grand Cayman.	Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.
Risks	Risks Bordercase watches for in Chile: Tax residency triggers and worldwide-income reporting Processing variations between regions RUT timing for non-residents	Risks Bordercase watches for in the Bahamas: Economic substance reporting Property due diligence Reputational handling around offshore structures	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 Montenegro: Tax residency triggers EU accession dynamics may change rules over time Processing variations between municipalities Schengen entry / exit considerations for travel planning
Documents	Typical Chilean documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or investment Health insurance Spanish translations where required	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents	Typical Cayman documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents Family certificates for dependents	Typical Montenegrin residency documents: Passport Criminal record certificate Proof of accommodation Basis for residence Health insurance Family certificates Apostilled and translated.

Chile

Latin America

Bahamas

Central America & Caribbean

Cayman Islands

Central America & Caribbean

Montenegro

Europe

Overview

Chile is a stable Latin American economy with structured residency routes, strong civil infrastructure, and growing relevance for international founders. Bordercase coordinates with licensed Chilean 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.

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.

Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin partners.

Best for

Latin America hub
Stable economy
Founders
Families

HNW
Funds
Family offices
English admin

Funds
Holding structures
HNW
English admin

Cost of living
Coastal living
Regional residency

Currency

CLP

BSD

KYD

EUR

Language

Spanish

English

Montenegrin / Serbian

Time zone

UTC-4

UTC-5

UTC+1

EU member

Schengen

Residency

Chilean residency routes:

Temporary residence - employment, retirement, or qualifying activity
Investor / entrepreneur routes
Family reunification
Permanent residence typically after a qualifying temporary period

Bahamian residency routes:

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

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

Montenegrin residency routes:

Temporary residence via employment
Business / self-employment
Real-estate ownership
Family reunification

Permanent residence typically after 5 years.

Company setup

SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.

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

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

DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.

Banking

Residency unlocks personal banking. Corporate banking depends on activity. Bordercase coordinates introductions for cross-border cases.

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

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

Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.

Family

Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.

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

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

Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.

Risks

Risks Bordercase watches for in Chile:

Tax residency triggers and worldwide-income reporting
Processing variations between regions
RUT timing for non-residents

Risks Bordercase watches for in the Bahamas:

Economic substance reporting
Property due diligence
Reputational handling around offshore structures

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 Montenegro:

Tax residency triggers
EU accession dynamics may change rules over time
Processing variations between municipalities
Schengen entry / exit considerations for travel planning

Documents

Typical Chilean documents:

Passport
Apostilled foreign documents (birth, marriage, criminal record)
Proof of income or investment
Health insurance
Spanish translations where required

Typical Bahamian documents:

Passport
Source-of-funds evidence
Health and police clearances
Apostilled foreign documents

Typical Cayman documents:

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

Typical Montenegrin residency documents:

Passport
Criminal record certificate
Proof of accommodation
Basis for residence
Health insurance
Family certificates

Apostilled and translated.