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	Paraguay Latin America	Armenia Europe	Chile Latin America	Italy Europe
Overview	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.	Armenia has become an accessible relocation and operational base since 2022, with a maturing IT sector, simple residency routes, and a competitive tax framework. Bordercase coordinates with licensed Armenian partners for filings.

Best for	Second residency Low day-count Cost of living Latin America	Founders IT professionals Tax simplification Banking diversification Regional hub	Latin America hub Stable economy Founders Families	Families Remote workers EU access Long-term residency

Residency	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.	Common Armenian residency routes: Temporary residence - issued for 1 year, renewable; granted for work, study, business, family, or Armenian ancestry Permanent residence - typically 5 years renewable; available after qualifying temporary stay or other qualifying ground Special residence - 10-year status for individuals of Armenian descent or those of significant value to Armenia Family reunification - spouse, children, dependant parents Many nationalities can enter visa-free or with a simple e-visa for up to 180 days, which is often used to plan the right route.	Chilean residency routes: Temporary residence - employment, retirement, or qualifying activity Investor / entrepreneur routes Family reunification Permanent residence typically after a qualifying temporary period	Italian residency routes: Elective Residency Visa - passive income, no employment in Italy Self-employment visa (within quota) Entrepreneur visa Investor visa Digital nomad / remote worker - for qualified professionals Flat-tax regime (Article 24-bis) and impatriate regime may apply.

Company setup	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.	Standard Armenian entities and tax treatment: LLC (Sahmanapak Pataskhanatvut`yamb Enkerut`yun) - the default private entity; fast online formation Individual Entrepreneur (IE) - simple setup; Turnover Tax regime at 5% (or category-specific rates) for qualifying small businesses IT Sector incentives - certified IT companies have historically benefited from reduced corporate tax and payroll incentives (programmes are revised periodically) Standard CIT is 18%; dividend withholding is 5% for residents Bordercase coordinates structure choice to match real activity and current incentive frameworks.	SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.	SRL (Limited Liability Company) and SRL Semplificata are the standard structures. Italian tax residency triggers worldwide reporting; the flat-tax regime for new residents (article 24-bis) and the impatriate regime may apply to eligible individuals.

Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Personal and corporate banking is broadly accessible through Ameriabank, ACBA Bank, Ardshinbank, and others - typically with USD, EUR, RUB, and AMD accounts. Onboarding is straightforward for clean cases; expect source-of-funds questions for larger flows. Bordercase coordinates introductions where useful.	Residency unlocks personal banking. Corporate banking depends on activity. Bordercase coordinates introductions for cross-border cases.	Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.

Family	Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.	Family reunification is supported across most routes. English-language international schools are available in Yerevan. Healthcare is a mix of public and private; private cover is recommended for relocating families.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.	Family reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.

Risks	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 Armenia: Tax residency triggers - 183 days makes you tax-resident under Armenian rules IT certification scope - incentives apply only to certified, qualifying activities Russia/EAEU exposure - Armenia is part of EAEU; some structures benefit from this, others raise sanctions/banking flags Source-of-funds scrutiny for non-standard transfer corridors Permit renewals - documentation continuity matters across cycles	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 Italy: Tax residency triggers Flat-tax regime eligibility and possible revocation Regional administrative variation Language and bureaucratic friction Impatriate regime conditions vary

Documents	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 Armenian residency documents: Passport (6+ months valid) Proof of basis (employment, business, study, ancestry, family) Proof of accommodation Health insurance Bank statements / proof of income Criminal record certificate (apostilled, where required) Marriage / birth certificates for family routes Apostille and certified translation into Armenian where required.	Typical Chilean documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or investment Health insurance Spanish translations where required	Typical Italian residency documents: Passport Criminal record certificate Proof of income (significant for elective residency) Health insurance valid in Italy Accommodation evidence Codice fiscale (tax number) Apostille and certified Italian translation where required.