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Countries

	Grenada Central America & Caribbean	British Virgin Islands Central America & Caribbean	Cyprus Europe	Uruguay Latin America
Overview	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.	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.	Cyprus is an EU member state with established routes for residency, company setup, and family relocation. Bordercase coordinates with regulated Cypriot lawyers and corporate-services providers for filings and ongoing compliance.	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	Second passport US E-2 access English admin	Holding structures International funds English admin	Founders Holding structures EU access English admin	HNW Stable economy Latin America hub Banking
Currency	XCD	USD	EUR	UYU
Language	English	English	Greek / English	Spanish
Time zone	UTC-4	UTC-4	UTC+2	UTC-3
EU member	No	No	Yes	No
Schengen	No	No	No	No
Residency	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes	BVI presence options: Work permits - employer-sponsored Residency for HNW under specific programmes Limited tourist / business visit arrangements	Cyprus residency routes: Permanent residency by investment (Cat F / Cat 6.2) Digital Nomad Visa Employment routes (including the international headquartering route) Family reunification The investor citizenship programme is closed.	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	Domestic companies and IBCs are common in international structures.	BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.	Cyprus Limited companies are widely used by international groups for IP, holding, and trading structures. Substance, local director, and accounting requirements have tightened in recent years and must be planned at setup.	SAS and SA are common structures. DGI tax registration and BPS social-security registration follow.
Banking	Banking is selective. Bordercase coordinates banking introductions through current partners.	Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.	Cypriot banks have strict KYC and source-of-funds processes following past compliance episodes. EMIs are widely used as supplements. Personal and corporate banking introductions go through vetted partners.	Residency unlocks personal banking. Uruguay has historically been a HNW banking destination in the region; standards have tightened materially.
Family	CBI can include qualifying dependents.	Family inclusion follows the main route. International schools are limited.	Family reunification is available on most routes. English-language schools (public and private) and healthcare options are widely accessible to legal residents.	Family reunification is supported. Schools (public, private, bilingual, international) are concentrated in Montevideo and Punta del Este.
Risks	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 the BVI: Economic substance reporting UBO disclosure and beneficial ownership reform Reputational handling around offshore structures	Common pitfalls in Cyprus cases: Post-reform substance requirements underestimated Banking timelines longer than expected Permanent residency confused with citizenship (different programmes) Some sectors face additional KYC scrutiny	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 CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation	Typical BVI documents: Passport Source-of-funds evidence KYC for all UBOs Apostilled foreign documents	Typical document pack for Cyprus residency: Passport Criminal record certificate (apostilled) Proof of income / investment Health insurance valid in Cyprus Accommodation evidence Education certificates (for relevant routes) Marriage / birth certificates for family routes For company formation: business plan, ownership-chain documents, and KYC for all ultimate beneficial owners.	Typical Uruguayan documents: Passport Apostilled foreign documents Proof of income or investment Health insurance Spanish translations where required

Grenada

Central America & Caribbean

British Virgin Islands

Central America & Caribbean

Cyprus

Europe

Uruguay

Latin America

Overview

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.

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.

Cyprus is an EU member state with established routes for residency, company setup, and family relocation. Bordercase coordinates with regulated Cypriot lawyers and corporate-services providers for filings and ongoing compliance.

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

Second passport
US E-2 access
English admin

Holding structures
International funds
English admin

Founders
Holding structures
EU access
English admin

HNW
Stable economy
Latin America hub
Banking

Currency

XCD

USD

EUR

UYU

Language

English

Greek / English

Spanish

Time zone

UTC-4

UTC+2

UTC-3

EU member

Yes

Schengen

Residency

Grenada routes:

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

BVI presence options:

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

Cyprus residency routes:

Permanent residency by investment (Cat F / Cat 6.2)
Digital Nomad Visa
Employment routes (including the international headquartering route)
Family reunification

The investor citizenship programme is closed.

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

Domestic companies and IBCs are common in international structures.

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

Cyprus Limited companies are widely used by international groups for IP, holding, and trading structures. Substance, local director, and accounting requirements have tightened in recent years and must be planned at setup.

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

Banking

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

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

Cypriot banks have strict KYC and source-of-funds processes following past compliance episodes. EMIs are widely used as supplements. Personal and corporate banking introductions go through vetted partners.

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

Family

CBI can include qualifying dependents.

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

Family reunification is available on most routes. English-language schools (public and private) and healthcare options are widely accessible to legal residents.

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

Risks

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 the BVI:

Economic substance reporting
UBO disclosure and beneficial ownership reform
Reputational handling around offshore structures

Common pitfalls in Cyprus cases:

Post-reform substance requirements underestimated
Banking timelines longer than expected
Permanent residency confused with citizenship (different programmes)
Some sectors face additional KYC scrutiny

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 CBI documents:

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

Typical BVI documents:

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

Typical document pack for Cyprus residency:

Passport
Criminal record certificate (apostilled)
Proof of income / investment
Health insurance valid in Cyprus
Accommodation evidence
Education certificates (for relevant routes)
Marriage / birth certificates for family routes

For company formation: business plan, ownership-chain documents, and KYC for all ultimate beneficial owners.

Typical Uruguayan documents:

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