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Compare jurisdictions, side by side.

Pick up to 4 countries and see residency, company, banking, family, and risk notes line up. No prices, no marketing packages - just the working notes.

 PY flagParaguay

Latin America

BG flagBulgaria

Europe

CL flagChile

Latin America

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.Bulgaria is an EU member state with competitive corporate tax, structured residency routes, and a well-developed digital infrastructure. Bordercase coordinates with licensed Bulgarian partners for filings.Chile is a stable Latin American economy with structured residency routes, strong civil infrastructure, and growing relevance for international founders. Bordercase coordinates with licensed Chilean partners for filings.
Best for
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
  • Founders
  • EU access
  • Cost of living
  • Latin America hub
  • Stable economy
  • Founders
  • Families
CurrencyPYGBGN / EUR transitionCLP
LanguageSpanish / GuaraníBulgarianSpanish
Time zoneUTC-4UTC+2UTC-4
EU memberNoYesNo
SchengenNoYesNo
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.

Bulgarian residency routes:

  • Employment-based residence
  • Business / self-employment routes
  • Retirement / pensioner residency
  • Family reunification
  • EU citizen-derivative routes

Permanent residence typically after 5 years.

Chilean residency routes:

  • Temporary residence - employment, retirement, or qualifying activity
  • Investor / entrepreneur routes
  • Family reunification
  • Permanent residence typically after a qualifying temporary period
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.

OOD (LLC) and EOOD (single-shareholder LLC) are common structures. Formation is well-documented. Corporate tax is at a flat rate; VAT registration depends on activity.

SpA (Sociedad por Acciones), Ltda, and SA are standard structures. SII tax registration, RUT, and patent municipal registration follow.

Banking

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

Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.

Residency unlocks personal banking. 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 reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.

Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Santiago.

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 Bulgaria:

  • Tax residency triggers
  • VAT classification on cross-border services
  • Processing variations between regions
  • Euro adoption is in progress - operational planning needed

Risks Bordercase watches for in Chile:

  • Tax residency triggers and worldwide-income reporting
  • Processing variations between regions
  • RUT timing for non-residents
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 Bulgarian residency documents:

  • Passport
  • Criminal record certificate
  • Proof of address
  • Basis for residence (employment, business, etc.)
  • Health insurance
  • Family certificates

Apostilled and translated to Bulgarian.

Typical Chilean documents:

  • Passport
  • Apostilled foreign documents (birth, marriage, criminal record)
  • Proof of income or investment
  • Health insurance
  • Spanish translations where required

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