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 PY flagParaguay

Latin America

VG flagBritish Virgin Islands

Central America & Caribbean

HR flagCroatia

Europe

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 British Virgin Islands is a long-standing jurisdiction for BVI Business Companies used in international structures. Substance and reporting have tightened materially. Bordercase coordinates with licensed BVI partners.Croatia is a Schengen-member EU country with structured residency routes for skilled workers, digital nomads, and family relocation. Bordercase coordinates with licensed Croatian partners for filings.
Best for
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
  • Holding structures
  • International funds
  • English admin
  • Digital nomads
  • Families
  • EU access
  • Coastal living
CurrencyPYGUSDEUR
LanguageSpanish / GuaraníEnglishCroatian
Time zoneUTC-4UTC-4UTC+1
EU memberNoNoYes
SchengenNoNoYes
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.

BVI presence options:

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

Croatian residency routes:

  • Employment-based residence
  • Digital Nomad Residence Permit - remote workers
  • Business / self-employment
  • Family reunification
  • EU citizen-derivative 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.

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

d.o.o. (limited liability) is the standard structure; jednostavno d.o.o. is a simplified low-capital variant. Formation involves notary and court registration. Tax and VAT registration follow.

Banking

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

Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.

Resident banking is broadly accessible; corporate banking depends on activity. 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 inclusion follows the main route. International schools are limited.

Family reunification is supported. International schools are available in Zagreb and along the coast.

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 BVI:

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

Risks Bordercase watches for in Croatia:

  • Tax residency triggers
  • Processing variations
  • Digital nomad permit renewal rules and re-entry constraints
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 BVI documents:

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

Typical Croatian residency documents:

  • Passport
  • Criminal record certificate
  • Proof of accommodation
  • Health insurance
  • Employment / income evidence
  • Family certificates

Apostilled and translated to Croatian.

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