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Bordercase

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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.

 HK flagHong Kong

Asia

BS flagBahamas

Central America & Caribbean

PY flagParaguay

Latin America

OverviewHong Kong remains an active jurisdiction for company formation, banking introductions, and selected residency routes. Bordercase coordinates with licensed Hong Kong company-services and immigration partners.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.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
  • Banking
  • Holding structures
  • English admin
  • HNW
  • Funds
  • Family offices
  • English admin
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
CurrencyHKDBSDPYG
LanguageCantonese / EnglishEnglishSpanish / Guaraní
Time zoneUTC+8UTC-5UTC-4
EU memberNoNoNo
SchengenNoNoNo
Residency

Hong Kong residency routes:

  • General Employment Policy (GEP)
  • Quality Migrant Admission Scheme (QMAS)
  • Top Talent Pass Scheme (TTPS)
  • Capital Investment Entrant Scheme (CIES) - recently revived
  • Dependant routes

Bahamian residency routes:

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

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

Hong Kong Limited companies are widely used for trading and holding structures. Annual filings, audited accounts, and a company secretary are required. Substance expectations and BEPS-driven changes affect ongoing planning.

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

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

Local banking has tightened materially; some non-resident structures face long onboarding or rejection. EMIs and Singapore / Dubai banking are common alternatives. Bordercase coordinates introductions through current partners.

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

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

Family

Family relocation is supported on most residency routes. Schools (local, private, ESF, international) are competitive; international school waitlists are real.

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

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

Risks

Risks Bordercase watches for in Hong Kong:

  • Company-only setups without substance face banking and audit friction
  • Banking has tightened materially
  • Political / policy shifts must be factored into long-horizon planning
  • Annual audit and filing discipline is real

Risks Bordercase watches for in the Bahamas:

  • Economic substance reporting
  • Property due diligence
  • Reputational handling around offshore structures

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 Hong Kong documents:

  • Passport
  • CV
  • Education certificates
  • Employment history
  • Company documents (where applicable)
  • Family certificates with notarisation

Typical Bahamian documents:

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

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.