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Countries

	Italy Europe	Paraguay Latin America	Bahamas Central America & Caribbean	Türkiye Europe
Overview	Italy offers EU residency routes for self-employed, entrepreneurs, retirees, and recently a digital nomad / remote worker route. Bordercase coordinates with licensed Italian partners for filings and tax planning.	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.	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.	Türkiye offers a range of residency routes from short-term tourist residency to longer-term investor / family / work routes. Bordercase coordinates with licensed Turkish lawyers for filings.
Best for	Families Remote workers EU access Long-term residency	Second residency Low day-count Cost of living Latin America	HNW Funds Family offices English admin	Citizenship by investment Cost of living Regional residency Families
Currency	EUR	PYG	BSD	TRY
Language	Italian	Spanish / Guaraní	English	Turkish
Time zone	UTC+1	UTC-4	UTC-5	UTC+3
EU member	Yes	No	No	No
Schengen	Yes	No	No	No
Residency	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.	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.	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family routes	Türkiye residency routes: Short-term residence permit (1-2 years, renewable) Family permit Work permit - employer-sponsored Student permit Citizenship-by-investment via real estate or qualifying deposits / investments
Company setup	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.	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.	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.	Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.
Banking	Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.	Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.
Family	Family reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.	Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.	Family inclusion is supported on most routes. International schools are concentrated on New Providence.	Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.
Risks	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 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	Risks Bordercase watches for in the Bahamas: Economic substance reporting Property due diligence Reputational handling around offshore structures	Risks Bordercase watches for in Türkiye: Restricted residency zones (some districts no longer issue short-term residency to foreigners) Currency volatility on investment routes Shifting policy on the citizenship-by-investment programme Banking documentation requirements tighten regularly
Documents	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 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.	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents	Typical Türkiye documents: Passport Biometric photos Proof of address Proof of income or savings Health insurance Criminal record certificate Marriage / birth certificates for family Documents apostilled and translated to Turkish.

Italy

Europe

Paraguay

Latin America

Bahamas

Central America & Caribbean

Türkiye

Europe

Overview

Italy offers EU residency routes for self-employed, entrepreneurs, retirees, and recently a digital nomad / remote worker route. Bordercase coordinates with licensed Italian partners for filings and tax planning.

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.

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.

Türkiye offers a range of residency routes from short-term tourist residency to longer-term investor / family / work routes. Bordercase coordinates with licensed Turkish lawyers for filings.

Best for

Families
Remote workers
EU access
Long-term residency

Second residency
Low day-count
Cost of living
Latin America

HNW
Funds
Family offices
English admin

Citizenship by investment
Cost of living
Regional residency
Families

Currency

EUR

PYG

BSD

TRY

Language

Italian

Spanish / Guaraní

English

Turkish

Time zone

UTC+1

UTC-4

UTC-5

UTC+3

EU member

Yes

Schengen

Yes

Residency

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.

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.

Bahamian residency routes:

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

Türkiye residency routes:

Short-term residence permit (1-2 years, renewable)
Family permit
Work permit - employer-sponsored
Student permit
Citizenship-by-investment via real estate or qualifying deposits / investments

Company setup

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.

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.

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

Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.

Banking

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

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

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

Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.

Family

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

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

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

Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.

Risks

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 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

Risks Bordercase watches for in the Bahamas:

Economic substance reporting
Property due diligence
Reputational handling around offshore structures

Risks Bordercase watches for in Türkiye:

Restricted residency zones (some districts no longer issue short-term residency to foreigners)
Currency volatility on investment routes
Shifting policy on the citizenship-by-investment programme
Banking documentation requirements tighten regularly

Documents

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 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.

Typical Bahamian documents:

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

Typical Türkiye documents:

Passport
Biometric photos
Proof of address
Proof of income or savings
Health insurance
Criminal record certificate
Marriage / birth certificates for family

Documents apostilled and translated to Turkish.