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	Paraguay Latin America	Barbados Central America & Caribbean	Georgia Europe	Serbia 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.	Barbados is a Caribbean jurisdiction with structured residency routes including the Welcome Stamp for remote workers, and an established corporate-services sector. Bordercase coordinates with licensed Barbadian partners.

Best for	Second residency Low day-count Cost of living Latin America	Remote workers HNW English admin	Founders IT professionals Tax simplification Banking diversification Cost of living	Founders IT professionals Cost of living Regional hub

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.	Barbadian residency routes: Welcome Stamp - 12-month remote-worker route, renewable Special Entry Permit - qualifying HNW relocators Standard work permits - employer-sponsored 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.	Serbian residency routes: Temporary residence via employment Self-employment / business Real-estate ownership Family reunification IT-focused residency framework Permanent residence typically after 3 years of continuous temporary residence.

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.	Corporate entities for international business (formerly IBC) are well established. Substance and reporting requirements apply.	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.	DOO (limited liability) is the standard structure. Formation is well-documented, with online steps available. Tax registration (PIB) and APR (Business Registers Agency) registration follow.

Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current 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.	Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.

Family	Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.	Family inclusion is supported. International schools are limited but present.	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 reunification is supported. International schools (English, French, Russian) are available in Belgrade.

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 Barbados: Tax residency triggers Substance and reporting under the post-BEPS framework Welcome Stamp renewal conditions	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 Serbia: Tax residency triggers VAT registration timing Processing variations between MUP offices EU Schengen access requires planning for cross-border travel

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 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 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 Serbian residency documents: Passport Criminal record certificate Proof of address Basis for residence (employment, business, etc.) Health insurance Family certificates Apostilled and translated to Serbian.