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	Montenegro Europe	Bahamas Central America & Caribbean	Grenada Central America & Caribbean	Romania Europe
Overview	Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin 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.	Grenada is a Caribbean jurisdiction with a Citizenship by Investment programme that uniquely supports US E-2 treaty access. Bordercase coordinates with authorised local agents.	Romania is an EU member state with structured residency routes, accessible company formation, and competitive costs for founders and remote professionals. Bordercase coordinates with licensed Romanian partners.
Best for	Cost of living Coastal living Regional residency	HNW Funds Family offices English admin	Second passport US E-2 access English admin	Founders Digital nomads EU access Cost of living
Currency	EUR	BSD	XCD	RON
Language	Montenegrin / Serbian	English	English	Romanian
Time zone	UTC+1	UTC-5	UTC-4	UTC+2
EU member	No	No	No	Yes
Schengen	No	No	No	Yes
Residency	Montenegrin residency routes: Temporary residence via employment Business / self-employment Real-estate ownership Family reunification Permanent residence typically after 5 years.	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family routes	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes	Romanian residency routes: Employment-based residence (including the Blue Card) Digital Nomad Visa - remote workers Business / investor routes Family reunification EU citizen-derivative routes
Company setup	DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.	Domestic companies and IBCs are common in international structures.	SRL (limited liability) is the standard structure. Formation involves notary and trade registry. Microcompany tax regime may apply for small businesses with eligible activities.
Banking	Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.	Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.	Banking is selective. Bordercase coordinates banking introductions through current partners.	Personal and corporate banking for residents is broadly accessible. Bordercase coordinates introductions for non-standard cross-border structures.
Family	Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.	Family inclusion is supported on most routes. International schools are concentrated on New Providence.	CBI can include qualifying dependents.	Family reunification is supported. International schools (English, French, German) are concentrated in Bucharest, Cluj, and Timișoara.
Risks	Risks Bordercase watches for in Montenegro: Tax residency triggers EU accession dynamics may change rules over time Processing variations between municipalities Schengen entry / exit considerations for travel planning	Risks Bordercase watches for in the Bahamas: Economic substance reporting Property due diligence Reputational handling around offshore structures	Risks Bordercase watches for in Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented	Risks Bordercase watches for in Romania: Tax residency triggers Microcompany regime eligibility Processing variations between counties Schengen entry / exit rules now apply
Documents	Typical Montenegrin residency documents: Passport Criminal record certificate Proof of accommodation Basis for residence Health insurance Family certificates Apostilled and translated.	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents	Typical CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation	Typical Romanian residency documents: Passport Criminal record certificate Proof of address Basis for residence Health insurance Family certificates Apostilled and translated to Romanian.

Montenegro

Europe

Bahamas

Central America & Caribbean

Grenada

Central America & Caribbean

Romania

Europe

Overview

Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin 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.

Grenada is a Caribbean jurisdiction with a Citizenship by Investment programme that uniquely supports US E-2 treaty access. Bordercase coordinates with authorised local agents.

Romania is an EU member state with structured residency routes, accessible company formation, and competitive costs for founders and remote professionals. Bordercase coordinates with licensed Romanian partners.

Best for

Cost of living
Coastal living
Regional residency

HNW
Funds
Family offices
English admin

Second passport
US E-2 access
English admin

Founders
Digital nomads
EU access
Cost of living

Currency

EUR

BSD

XCD

RON

Language

Montenegrin / Serbian

English

Romanian

Time zone

UTC+1

UTC-5

UTC-4

UTC+2

EU member

Yes

Schengen

Yes

Residency

Montenegrin residency routes:

Temporary residence via employment
Business / self-employment
Real-estate ownership
Family reunification

Permanent residence typically after 5 years.

Bahamian residency routes:

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

Grenada routes:

Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment
Standard work permits
Family routes

Romanian residency routes:

Employment-based residence (including the Blue Card)
Digital Nomad Visa - remote workers
Business / investor routes
Family reunification
EU citizen-derivative routes

Company setup

DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.

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

Domestic companies and IBCs are common in international structures.

SRL (limited liability) is the standard structure. Formation involves notary and trade registry. Microcompany tax regime may apply for small businesses with eligible activities.

Banking

Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.

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

Banking is selective. Bordercase coordinates banking introductions through current partners.

Personal and corporate banking for residents is broadly accessible. Bordercase coordinates introductions for non-standard cross-border structures.

Family

Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.

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

CBI can include qualifying dependents.

Family reunification is supported. International schools (English, French, German) are concentrated in Bucharest, Cluj, and Timișoara.

Risks

Risks Bordercase watches for in Montenegro:

Tax residency triggers
EU accession dynamics may change rules over time
Processing variations between municipalities
Schengen entry / exit considerations for travel planning

Risks Bordercase watches for in the Bahamas:

Economic substance reporting
Property due diligence
Reputational handling around offshore structures

Risks Bordercase watches for in Grenada:

Programme parameters change
Due diligence has tightened
Reputational and revocation risks if information is misrepresented

Risks Bordercase watches for in Romania:

Tax residency triggers
Microcompany regime eligibility
Processing variations between counties
Schengen entry / exit rules now apply

Documents

Typical Montenegrin residency documents:

Passport
Criminal record certificate
Proof of accommodation
Basis for residence
Health insurance
Family certificates

Apostilled and translated.

Typical Bahamian documents:

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

Typical CBI documents:

Passport
Due diligence questionnaires
Source-of-funds evidence (extensive)
Family certificates with apostille and translation

Typical Romanian residency documents:

Passport
Criminal record certificate
Proof of address
Basis for residence
Health insurance
Family certificates

Apostilled and translated to Romanian.