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 PY flagParaguay

Latin America

BS flagBahamas

Central America & Caribbean

OverviewParaguay 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.The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.
Best for
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
  • HNW
  • Funds
  • Family offices
  • English admin
CurrencyPYGBSD
LanguageSpanish / GuaraníEnglish
Time zoneUTC-4UTC-5
EU memberNoNo
SchengenNoNo
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.

Bahamian residency routes:

  • Economic Permanent Residence - qualifying property investment
  • Annual residence permits for HNW
  • Work permits - employer-sponsored
  • Family routes
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.

IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.

Banking

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

Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.

Family

Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

Family inclusion is supported on most routes. International schools are concentrated on New Providence.

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 the Bahamas:

  • Economic substance reporting
  • Property due diligence
  • Reputational handling around offshore structures
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 Bahamian documents:

  • Passport
  • Source-of-funds evidence
  • Health and police clearances
  • Apostilled foreign documents

Country pages stay the authoritative source. This view is a side-by-side; nothing here promises a particular outcome.