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	Mexico North America	Chile Latin America	Paraguay Latin America
Overview	Mexico is a large North American economy with established routes for residency, growing remote-worker visa programs, and a strong fit for founders building toward Latin American customers. Bordercase coordinates with licensed Mexican partners for filings.	Chile is a stable Latin American economy with structured residency routes, strong civil infrastructure, and growing relevance for international founders. Bordercase coordinates with licensed Chilean partners for filings.	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 Families Latin America hub Cost of living	Latin America hub Stable economy Founders Families	Second residency Low day-count Cost of living Latin America
Currency	MXN	CLP	PYG
Language	Spanish	Spanish	Spanish / Guaraní
Time zone	UTC-6	UTC-4	UTC-4
EU member	No	No	No
Schengen	No	No	No
Residency	Mexican residency routes: Temporary resident visa - via investment, employment, or qualifying income Permanent resident visa - via qualifying assets, retirement income, or after 4 years of temporary residency Family unity routes - for spouse and dependents of permanent residents / citizens Student visa Permanent residency unlocks indefinite stay with work authorisation.	Chilean residency routes: Temporary residence - employment, retirement, or qualifying activity Investor / entrepreneur routes Family reunification Permanent residence typically after a qualifying temporary period	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	SA de CV (Sociedad Anónima) and S de RL de CV are the standard private entity types. Formation involves a notary, RFC (tax registration), and IMSS where staff are involved. Mexican tax residency is triggered by primary home and centre of economic interests.	SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.	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 personal banking is broadly accessible; corporate banking depends on activity and structure. Source of funds and ownership clarity are central. Bordercase coordinates introductions for cross-border cases.	Residency unlocks personal banking. Corporate banking depends on activity. Bordercase coordinates introductions for cross-border cases.	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.
Family	Family reunification is supported on most residency routes. International schools (English, German, French, Japanese) are widely available in major cities; bilingual public and private schools are common.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.	Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.
Risks	Risks Bordercase watches for in Mexico: Centre-of-economic-interests test for tax residency Real-estate restrictions in the "restricted zone" (50 km from coast, 100 km from borders) - fideicomiso or Mexican company structure needed Income thresholds for temporary / permanent routes change with minimum wage indexation Late-stage RFC and CURP registrations	Risks Bordercase watches for in Chile: Tax residency triggers and worldwide-income reporting Processing variations between regions RUT timing for non-residents	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 Mexican documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or qualifying assets Photographs to specification Mexican consular application abroad for most routes	Typical Chilean documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or investment Health insurance Spanish translations 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.

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