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	Montenegro Europe	British Virgin Islands Central America & Caribbean	Slovakia Europe	Chile Latin America
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 British Virgin Islands is a long-standing jurisdiction for BVI Business Companies used in international structures. Substance and reporting have tightened materially. Bordercase coordinates with licensed BVI partners.	Slovakia offers EU residency and corporate structures with a stable regulatory environment and competitive costs. Bordercase coordinates with licensed Slovak 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.
Best for	Cost of living Coastal living Regional residency	Holding structures International funds English admin	Founders EU access Cost of living	Latin America hub Stable economy Founders Families
Currency	EUR	USD	EUR	CLP
Language	Montenegrin / Serbian	English	Slovak	Spanish
Time zone	UTC+1	UTC-4	UTC+1	UTC-4
EU member	No	No	Yes	No
Schengen	No	No	Yes	No
Residency	Montenegrin residency routes: Temporary residence via employment Business / self-employment Real-estate ownership Family reunification Permanent residence typically after 5 years.	BVI presence options: Work permits - employer-sponsored Residency for HNW under specific programmes Limited tourist / business visit arrangements	Slovak residency routes: Employment-based residence Start-up visa - innovative businesses Business / self-employment Family reunification EU citizen-derivative routes	Chilean residency routes: Temporary residence - employment, retirement, or qualifying activity Investor / entrepreneur routes Family reunification Permanent residence typically after a qualifying temporary period
Company setup	DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.	BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.	S.R.O. (private limited) is the standard entity, with relatively low minimum capital and well-established formation processes. VAT registration depends on activity.	SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.
Banking	Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.	Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.	Resident banking is straightforward; corporate banking varies by activity. Bordercase coordinates introductions for cross-border cases.	Residency unlocks personal banking. Corporate banking depends on activity. Bordercase coordinates introductions for cross-border cases.
Family	Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.	Family inclusion follows the main route. International schools are limited.	Family reunification is supported. International schools are available in Bratislava.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.
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 BVI: Economic substance reporting UBO disclosure and beneficial ownership reform Reputational handling around offshore structures	Risks Bordercase watches for in Slovakia: Tax residency triggers VAT registration timing for cross-border services Processing variations between districts	Risks Bordercase watches for in Chile: Tax residency triggers and worldwide-income reporting Processing variations between regions RUT timing for non-residents
Documents	Typical Montenegrin residency documents: Passport Criminal record certificate Proof of accommodation Basis for residence Health insurance Family certificates Apostilled and translated.	Typical BVI documents: Passport Source-of-funds evidence KYC for all UBOs Apostilled foreign documents	Typical Slovak residency documents: Passport Criminal record certificate Proof of address Health insurance Employment or business documentation Family certificates with apostille and translation	Typical Chilean documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or investment Health insurance Spanish translations where required

Montenegro

Europe

British Virgin Islands

Central America & Caribbean

Slovakia

Europe

Chile

Latin America

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 British Virgin Islands is a long-standing jurisdiction for BVI Business Companies used in international structures. Substance and reporting have tightened materially. Bordercase coordinates with licensed BVI partners.

Slovakia offers EU residency and corporate structures with a stable regulatory environment and competitive costs. Bordercase coordinates with licensed Slovak 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.

Best for

Cost of living
Coastal living
Regional residency

Holding structures
International funds
English admin

Founders
EU access
Cost of living

Latin America hub
Stable economy
Founders
Families

Currency

EUR

USD

EUR

CLP

Language

Montenegrin / Serbian

English

Slovak

Spanish

Time zone

UTC+1

UTC-4

UTC+1

UTC-4

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.

BVI presence options:

Work permits - employer-sponsored
Residency for HNW under specific programmes
Limited tourist / business visit arrangements

Slovak residency routes:

Employment-based residence
Start-up visa - innovative businesses
Business / self-employment
Family reunification
EU citizen-derivative routes

Chilean residency routes:

Temporary residence - employment, retirement, or qualifying activity
Investor / entrepreneur routes
Family reunification
Permanent residence typically after a qualifying temporary period

Company setup

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

BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.

S.R.O. (private limited) is the standard entity, with relatively low minimum capital and well-established formation processes. VAT registration depends on activity.

SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.

Banking

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

Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.

Resident banking is straightforward; corporate banking varies by activity. Bordercase coordinates introductions for cross-border cases.

Residency unlocks personal banking. Corporate banking depends on activity. Bordercase coordinates introductions for cross-border cases.

Family

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

Family inclusion follows the main route. International schools are limited.

Family reunification is supported. International schools are available in Bratislava.

Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.

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 BVI:

Economic substance reporting
UBO disclosure and beneficial ownership reform
Reputational handling around offshore structures

Risks Bordercase watches for in Slovakia:

Tax residency triggers
VAT registration timing for cross-border services
Processing variations between districts

Risks Bordercase watches for in Chile:

Tax residency triggers and worldwide-income reporting
Processing variations between regions
RUT timing for non-residents

Documents

Typical Montenegrin residency documents:

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

Apostilled and translated.

Typical BVI documents:

Passport
Source-of-funds evidence
KYC for all UBOs
Apostilled foreign documents

Typical Slovak residency documents:

Passport
Criminal record certificate
Proof of address
Health insurance
Employment or business documentation
Family certificates with apostille and translation

Typical Chilean documents:

Passport
Apostilled foreign documents (birth, marriage, criminal record)
Proof of income or investment
Health insurance
Spanish translations where required