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	Paraguay Latin America	Armenia Europe	Uruguay Latin America	Mexico North America
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	HNW Stable economy Latin America hub Banking	Founders Families Latin America hub Cost of living

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.	Uruguayan residency routes: Standard residency - proof of income / qualifying activity Investor route Retirement / pensioner route MERCOSUR fast-track for member-state nationals Family reunification	Mexican residency routes: Temporary resident visa - via investment, employment, or qualifying income Permanent resident visa - via qualifying assets, retirement income, or after 4 years of temporary residency Family unity routes - for spouse and dependents of permanent residents / citizens Student visa Permanent residency unlocks indefinite stay with work authorisation.

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.	SAS and SA are common structures. DGI tax registration and BPS social-security registration follow.	SA de CV (Sociedad Anónima) and S de RL de CV are the standard private entity types. Formation involves a notary, RFC (tax registration), and IMSS where staff are involved. Mexican tax residency is triggered by primary home and centre of economic interests.

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. Uruguay has historically been a HNW banking destination in the region; standards have tightened materially.	Resident personal banking is broadly accessible; corporate banking depends on activity and structure. Source of funds and ownership clarity are central. Bordercase coordinates introductions for cross-border cases.

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, bilingual, international) are concentrated in Montevideo and Punta del Este.	Family reunification is supported on most residency routes. International schools (English, German, French, Japanese) are widely available in major cities; bilingual public and private schools are common.

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 Uruguay: Tax residency triggers (the new-resident tax holiday has conditions) Banking documentation and source-of-funds rigor Apostille + Spanish translation requirements	Risks Bordercase watches for in Mexico: Centre-of-economic-interests test for tax residency Real-estate restrictions in the "restricted zone" (50 km from coast, 100 km from borders) - fideicomiso or Mexican company structure needed Income thresholds for temporary / permanent routes change with minimum wage indexation Late-stage RFC and CURP registrations

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 Uruguayan documents: Passport Apostilled foreign documents Proof of income or investment Health insurance Spanish translations where required	Typical Mexican documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or qualifying assets Photographs to specification Mexican consular application abroad for most routes