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Panama residency routes:

• Friendly Nations Visa - now requires economic tie (employment, real estate, or investment)
• Qualified Investor Visa - qualifying investment thresholds
• Pensionado / Retiree Visa - qualifying pension income
• Family routes

Common Georgian residency routes:

• Work residence - employer-sponsored or via your own Georgian LLC
• Investment residence - real estate, capital, or business investment thresholds
• Study residence - enrolment at a Georgian institution
• Family reunification - spouse, children, dependant parents
• Permanent residence - typically after 6 years of continuous lawful stay

Many nationalities can stay visa-free for 365 days, which is often used to plan the right route without time pressure.

Barbadian residency routes:

• Welcome Stamp - 12-month remote-worker route, renewable
• Special Entry Permit - qualifying HNW relocators
• Standard work permits - employer-sponsored
• Family routes

Chilean residency routes:

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

Panamanian corporations (SA) and Private Interest Foundations are widely used. Beneficial ownership reporting, CRS / FATCA compliance, and substance discussions have become material; planning must reflect current standards.

Standard Georgian entities and tax treatment:

• LLC (Shps) - the default structure; fast online formation
• Individual Entrepreneur (IE) - simple setup; Small Business Status offers 1% turnover tax up to ~500k GEL/year for qualifying activities
• Virtual Zone - 0% corporate income tax on qualifying IT-export profits (subject to substance and qualifying-activity tests)
• International Company Status - reduced 5% CIT for qualifying IT and maritime companies with real operations

Bordercase coordinates structure choice to match real activity and avoid substance traps.

Corporate entities for international business (formerly IBC) are well established. Substance and reporting requirements apply.

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

Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.

Personal and corporate banking is broadly accessible to residents and non-residents through TBC, Bank of Georgia, and others - typically with USD, EUR, and GEL accounts. Compliance has tightened materially since 2023; clear source-of-funds, business narrative, and tax residency clarity matter. Bordercase coordinates introductions where useful.

Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.

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

Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.

Family reunification is supported across most residency routes. English-language international schools are available in Tbilisi and Batumi. Healthcare is a mix of public and private; expat-grade private cover is recommended.

Family inclusion is supported. International schools are limited but present.

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

Risks Bordercase watches for in Panama:

• Reputational / de-banking risks for poorly structured offshore-only setups
• Tax residency analysis for clients with other obligations (CRS / FATCA)
• Processing delays at Migration
• UBO reporting is now active

Risks Bordercase watches for in Georgia:

• Tax residency triggers - 183 days makes you tax-resident even without a permit
• Virtual Zone / IE status misuse - real activity must match the qualifying category, audits do happen
• Banking compliance - certain nationalities, sectors, and source-of-funds patterns face additional scrutiny
• Russia/Ukraine-related restrictions - operational and reputational considerations for some cases
• Permit timing - applying from inside Georgia vs at a consulate has different rules and risks

Risks Bordercase watches for in Barbados:

• Tax residency triggers
• Substance and reporting under the post-BEPS framework
• Welcome Stamp renewal conditions

Risks Bordercase watches for in Chile:

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

Typical Panama documents:

• Passport
• Criminal record certificate (apostilled)
• Proof of economic tie (employment letter, property deed, or investment evidence)
• Proof of address
• Marriage / birth certificates for family

All documents apostilled and translated where required.

Typical Georgian residency documents:

• Passport (6+ months valid)
• Proof of basis (employment, business, study, family)
• Proof of accommodation
• Health insurance valid in Georgia
• Bank statements / proof of income
• Criminal record certificate (apostilled, where required)
• Marriage / birth certificates for family routes

Apostille and certified translation into Georgian where required.

Typical Barbadian documents:

• Passport
• Proof of income or employment
• Health insurance valid in Barbados
• Police clearance for longer-stay routes
• Apostilled foreign documents for family

Typical Chilean documents:

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