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	Paraguay Latin America	Mexico North America	Bulgaria 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.	Mexico is a large North American economy with established routes for residency, growing remote-worker visa programs, and a strong fit for founders building toward Latin American customers. Bordercase coordinates with licensed Mexican 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.
Best for	Second residency Low day-count Cost of living Latin America	Founders Families Latin America hub Cost of living	Founders EU access Cost of living
Currency	PYG	MXN	BGN / EUR transition
Language	Spanish / Guaraní	Spanish	Bulgarian
Time zone	UTC-4	UTC-6	UTC+2
EU member	No	No	Yes
Schengen	No	No	Yes
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.	Mexican residency routes: Temporary resident visa - via investment, employment, or qualifying income Permanent resident visa - via qualifying assets, retirement income, or after 4 years of temporary residency Family unity routes - for spouse and dependents of permanent residents / citizens Student visa Permanent residency unlocks indefinite stay with work authorisation.	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.
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.	SA de CV (Sociedad Anónima) and S de RL de CV are the standard private entity types. Formation involves a notary, RFC (tax registration), and IMSS where staff are involved. Mexican tax residency is triggered by primary home and centre of economic interests.	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.
Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Resident personal banking is broadly accessible; corporate banking depends on activity and structure. Source of funds and ownership clarity are central. Bordercase coordinates introductions for cross-border cases.	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 reunification is supported on most residency routes. International schools (English, German, French, Japanese) are widely available in major cities; bilingual public and private schools are common.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.
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 Mexico: Centre-of-economic-interests test for tax residency Real-estate restrictions in the "restricted zone" (50 km from coast, 100 km from borders) - fideicomiso or Mexican company structure needed Income thresholds for temporary / permanent routes change with minimum wage indexation Late-stage RFC and CURP registrations	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
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 Mexican documents: Passport Apostilled foreign documents (birth, marriage, criminal record) Proof of income or qualifying assets Photographs to specification Mexican consular application abroad for most routes	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.

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