Compare jurisdictions, side by side.

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

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.

Mauritius residency routes:

• Premium Visa - remote work
• Occupation Permit - investor / professional / self-employed
• Residence Permit by property purchase - within approved schemes
• Family routes

BVI presence options:

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

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.

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.

GBC (Global Business Company) and Domestic Companies are the standard structures. Substance requirements following OECD reforms must be considered; the GBC framework has evolved materially.

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

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

Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.

Local banks support resident and corporate accounts; KYC and source-of-funds requirements are real. Bordercase coordinates banking introductions.

Banking access has tightened materially; EMIs are common supplements. 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 inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

Family inclusion is supported. International schools are available in major regions.

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

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 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

Risks Bordercase watches for in Mauritius:

• Substance reform impacts on Global Business Companies
• FATCA / CRS reporting on related accounts
• Mauritian residency vs physical-presence-based tax residence elsewhere
• Banking introductions vary by activity

Risks Bordercase watches for in the BVI:

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

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 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.

Typical Mauritius documents:

• Passport
• Criminal record certificate
• Proof of income / investment
• Health insurance
• Accommodation evidence
• Marriage / birth certificates for family

Apostille where required.

Typical BVI documents:

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