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Countries

	Italy Europe	Uruguay Latin America	Bahamas Central America & Caribbean	Paraguay Latin America
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.	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.	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	Families Remote workers EU access Long-term residency	HNW Stable economy Latin America hub Banking	HNW Funds Family offices English admin	Second residency Low day-count Cost of living Latin America
Currency	EUR	UYU	BSD	PYG
Language	Italian	Spanish	English	Spanish / Guaraní
Time zone	UTC+1	UTC-3	UTC-5	UTC-4
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.	Uruguayan residency routes: Standard residency - proof of income / qualifying activity Investor route Retirement / pensioner route MERCOSUR fast-track for member-state nationals Family reunification	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	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.	SAS and SA are common structures. DGI tax registration and BPS social-security registration follow.	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	Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.	Residency unlocks personal banking. Uruguay has historically been a HNW banking destination in the region; standards have tightened materially.	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 reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.	Family reunification is supported. Schools (public, private, bilingual, international) are concentrated in Montevideo and Punta del Este.	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 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 Uruguay: Tax residency triggers (the new-resident tax holiday has conditions) Banking documentation and source-of-funds rigor Apostille + Spanish translation requirements	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 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 Uruguayan documents: Passport Apostilled foreign documents 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 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.

Italy

Europe

Uruguay

Latin America

Bahamas

Central America & Caribbean

Paraguay

Latin America

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.

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.

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

Families
Remote workers
EU access
Long-term residency

HNW
Stable economy
Latin America hub
Banking

HNW
Funds
Family offices
English admin

Second residency
Low day-count
Cost of living
Latin America

Currency

EUR

UYU

BSD

PYG

Language

Italian

Spanish

English

Spanish / Guaraní

Time zone

UTC+1

UTC-3

UTC-5

UTC-4

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.

Uruguayan residency routes:

Standard residency - proof of income / qualifying activity
Investor route
Retirement / pensioner route
MERCOSUR fast-track for member-state nationals
Family reunification

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

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.

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

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

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

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

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

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

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 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 Uruguay:

Tax residency triggers (the new-resident tax holiday has conditions)
Banking documentation and source-of-funds rigor
Apostille + Spanish translation requirements

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 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 Uruguayan documents:

Passport
Apostilled foreign documents
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 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.