Compare jurisdictions, side by side.

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.

Panama residency routes:

• Friendly Nations Visa - now requires economic tie (employment, real estate, or investment)
• Qualified Investor Visa - qualifying investment thresholds
• Pensionado / Retiree Visa - qualifying pension income
• Family routes

Greek residency routes:

• Golden Visa - property investment (thresholds vary by region, recently raised)
• Digital Nomad Visa - remote workers
• Financially Independent Person (FIP) - passive-income individuals
• Employment routes

Each route has different residency-day and renewal requirements.

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.

Panamanian corporations (SA) and Private Interest Foundations are widely used. Beneficial ownership reporting, CRS / FATCA compliance, and substance discussions have become material; planning must reflect current standards.

IKE (Private Company), EPE (LLC), and AE (Joint Stock Company) are common structures. Greek tax residency triggers worldwide income reporting; the non-dom regime may apply to eligible high-net-worth relocators.

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.

Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.

Personal banking for residents is well established; corporate banking depends on activity. Bordercase coordinates introductions for non-standard structures.

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 on most residency routes. International schools (English-language and Spanish) are available in Panama City.

Family reunification is supported on most routes. Schools (public, private, international, English-language) are available in major cities.

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 Panama:

• Reputational / de-banking risks for poorly structured offshore-only setups
• Tax residency analysis for clients with other obligations (CRS / FATCA)
• Processing delays at Migration
• UBO reporting is now active

Risks Bordercase watches for in Greece:

• Property due diligence - especially older buildings
• Tax residency triggers
• Non-dom regime conditions
• Registration timing across municipalities
• Some routes do not permit employment in Greece without additional permits

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 Panama documents:

• Passport
• Criminal record certificate (apostilled)
• Proof of economic tie (employment letter, property deed, or investment evidence)
• Proof of address
• Marriage / birth certificates for family

All documents apostilled and translated where required.

Typical Greek residency documents:

• Passport
• Criminal record certificate
• Proof of income / assets
• Health insurance valid in Greece
• Accommodation evidence (deed, lease)
• AFM (tax number)

Apostille and certified Greek translation where required.