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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

IT flagItaly

Europe

CH flagSwitzerland

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.Italy offers EU residency routes for self-employed, entrepreneurs, retirees, and recently a digital nomad / remote worker route. Bordercase coordinates with licensed Italian partners for filings and tax planning.Switzerland is a stable, high-quality jurisdiction with structured residency routes - most of them merit-based, contribution-based, or employer-sponsored. Bordercase coordinates with licensed Swiss partners for filings.
Best for
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
  • Families
  • Remote workers
  • EU access
  • Long-term residency
  • HNW
  • Founders
  • Forfait fiscal
  • Stability
CurrencyPYGEURCHF
LanguageSpanish / GuaraníItalianGerman / French / Italian
Time zoneUTC-4UTC+1UTC+1
EU memberNoYesNo
SchengenNoYesYes
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.

Italian residency routes:

  • Elective Residency Visa - passive income, no employment in Italy
  • Self-employment visa (within quota)
  • Entrepreneur visa
  • Investor visa
  • Digital nomad / remote worker - for qualified professionals

Flat-tax regime (Article 24-bis) and impatriate regime may apply.

Swiss residency routes:

  • Work permit - employer-sponsored, quota-controlled for non-EU
  • Lump-sum taxation (forfait fiscal) - HNW individuals in eligible cantons
  • Business / investor routes
  • EU / EFTA routes - under FMP
  • Family reunification
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.

SRL (Limited Liability Company) and SRL Semplificata are the standard structures. Italian tax residency triggers worldwide reporting; the flat-tax regime for new residents (article 24-bis) and the impatriate regime may apply to eligible individuals.

GmbH and AG are the standard structures. Cantonal variation in tax, registration, and substance treatment is real. Federal and cantonal compliance is precise.

Banking

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

Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.

Swiss banking has tightened materially since the 2010s. Personal accounts require residency or strong nexus; corporate banking requires substance and clear source of funds. 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 reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.

Family reunification is supported on most permits. Schools (public, private, and international) are widely available; international schools are well-established but selective.

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 Italy:

  • Tax residency triggers
  • Flat-tax regime eligibility and possible revocation
  • Regional administrative variation
  • Language and bureaucratic friction
  • Impatriate regime conditions vary

Risks Bordercase watches for in Switzerland:

  • Quotas for non-EU work permits
  • Lump-sum taxation eligibility and cantonal variation
  • Banking gatekeeping for non-residents
  • Substance and arm's-length pricing audits
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 Italian residency documents:

  • Passport
  • Criminal record certificate
  • Proof of income (significant for elective residency)
  • Health insurance valid in Italy
  • Accommodation evidence
  • Codice fiscale (tax number)

Apostille and certified Italian translation where required.

Typical Swiss residency documents:

  • Passport
  • Employment contract or business plan
  • Criminal record certificate
  • Proof of accommodation
  • Health insurance valid in Switzerland
  • Financial evidence

Apostilled and translated where required.

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