Compare jurisdictions, side by side.

Italian residency routes:

• Elective Residency Visa - passive income, no employment in Italy
• Self-employment visa (within quota)
• Entrepreneur visa
• Investor visa
• Digital nomad / remote worker - for qualified professionals

Flat-tax regime (Article 24-bis) and impatriate regime may apply.

Bahamian residency routes:

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

Serbian residency routes:

• Temporary residence via employment
• Self-employment / business
• Real-estate ownership
• Family reunification
• IT-focused residency framework

Permanent residence typically after 3 years of continuous temporary residence.

Common Georgian residency routes:

• Work residence - employer-sponsored or via your own Georgian LLC
• Investment residence - real estate, capital, or business investment thresholds
• Study residence - enrolment at a Georgian institution
• Family reunification - spouse, children, dependant parents
• Permanent residence - typically after 6 years of continuous lawful stay

Many nationalities can stay visa-free for 365 days, which is often used to plan the right route without time pressure.

SRL (Limited Liability Company) and SRL Semplificata are the standard structures. Italian tax residency triggers worldwide reporting; the flat-tax regime for new residents (article 24-bis) and the impatriate regime may apply to eligible individuals.

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

DOO (limited liability) is the standard structure. Formation is well-documented, with online steps available. Tax registration (PIB) and APR (Business Registers Agency) registration follow.

Standard Georgian entities and tax treatment:

• LLC (Shps) - the default structure; fast online formation
• Individual Entrepreneur (IE) - simple setup; Small Business Status offers 1% turnover tax up to ~500k GEL/year for qualifying activities
• Virtual Zone - 0% corporate income tax on qualifying IT-export profits (subject to substance and qualifying-activity tests)
• International Company Status - reduced 5% CIT for qualifying IT and maritime companies with real operations

Bordercase coordinates structure choice to match real activity and avoid substance traps.

Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.

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

Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.

Personal and corporate banking is broadly accessible to residents and non-residents through TBC, Bank of Georgia, and others - typically with USD, EUR, and GEL accounts. Compliance has tightened materially since 2023; clear source-of-funds, business narrative, and tax residency clarity matter. Bordercase coordinates introductions where useful.

Family reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.

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

Family reunification is supported. International schools (English, French, Russian) are available in Belgrade.

Family reunification is supported across most residency routes. English-language international schools are available in Tbilisi and Batumi. Healthcare is a mix of public and private; expat-grade private cover is recommended.

Risks Bordercase watches for in Italy:

• Tax residency triggers
• Flat-tax regime eligibility and possible revocation
• Regional administrative variation
• Language and bureaucratic friction
• Impatriate regime conditions vary

Risks Bordercase watches for in the Bahamas:

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

Risks Bordercase watches for in Serbia:

• Tax residency triggers
• VAT registration timing
• Processing variations between MUP offices
• EU Schengen access requires planning for cross-border travel

Risks Bordercase watches for in Georgia:

• Tax residency triggers - 183 days makes you tax-resident even without a permit
• Virtual Zone / IE status misuse - real activity must match the qualifying category, audits do happen
• Banking compliance - certain nationalities, sectors, and source-of-funds patterns face additional scrutiny
• Russia/Ukraine-related restrictions - operational and reputational considerations for some cases
• Permit timing - applying from inside Georgia vs at a consulate has different rules and risks

Typical Italian residency documents:

• Passport
• Criminal record certificate
• Proof of income (significant for elective residency)
• Health insurance valid in Italy
• Accommodation evidence
• Codice fiscale (tax number)

Apostille and certified Italian translation where required.

Typical Bahamian documents:

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

Typical Serbian residency documents:

• Passport
• Criminal record certificate
• Proof of address
• Basis for residence (employment, business, etc.)
• Health insurance
• Family certificates

Apostilled and translated to Serbian.

Typical Georgian residency documents:

• Passport (6+ months valid)
• Proof of basis (employment, business, study, family)
• Proof of accommodation
• Health insurance valid in Georgia
• Bank statements / proof of income
• Criminal record certificate (apostilled, where required)
• Marriage / birth certificates for family routes

Apostille and certified translation into Georgian where required.