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Countries

	Paraguay Latin America	Montenegro Europe	British Virgin Islands Central America & Caribbean	Bahamas Central America & Caribbean
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.	Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin partners.	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.	The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.
Best for	Second residency Low day-count Cost of living Latin America	Cost of living Coastal living Regional residency	Holding structures International funds English admin	HNW Funds Family offices English admin
Currency	PYG	EUR	USD	BSD
Language	Spanish / Guaraní	Montenegrin / Serbian	English	English
Time zone	UTC-4	UTC+1	UTC-4	UTC-5
EU member	No	No	No	No
Schengen	No	No	No	No
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.	Montenegrin residency routes: Temporary residence via employment Business / self-employment Real-estate ownership Family reunification Permanent residence typically after 5 years.	BVI presence options: Work permits - employer-sponsored Residency for HNW under specific programmes Limited tourist / business visit arrangements	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family 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.	DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.	BVI Business Companies (BVI BC) are the standard structure. Economic substance applies to relevant activities; UBO reporting is mandatory.	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.
Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.	Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.	Banking is selective and source-of-funds focused. 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 inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.	Family inclusion follows the main route. International schools are limited.	Family inclusion is supported on most routes. International schools are concentrated on New Providence.
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 Montenegro: Tax residency triggers EU accession dynamics may change rules over time Processing variations between municipalities Schengen entry / exit considerations for travel planning	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 the Bahamas: Economic substance reporting Property due diligence Reputational handling around offshore structures
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 Montenegrin residency documents: Passport Criminal record certificate Proof of accommodation Basis for residence Health insurance Family certificates Apostilled and translated.	Typical BVI documents: Passport Source-of-funds evidence KYC for all UBOs Apostilled foreign documents	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents

Paraguay

Latin America

Montenegro

Europe

British Virgin Islands

Central America & Caribbean

Bahamas

Central America & Caribbean

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.

Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin partners.

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.

The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.

Best for

Second residency
Low day-count
Cost of living
Latin America

Cost of living
Coastal living
Regional residency

Holding structures
International funds
English admin

HNW
Funds
Family offices
English admin

Currency

PYG

EUR

USD

BSD

Language

Spanish / Guaraní

Montenegrin / Serbian

English

Time zone

UTC-4

UTC+1

UTC-4

UTC-5

EU member

Schengen

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.

Montenegrin residency routes:

Temporary residence via employment
Business / self-employment
Real-estate ownership
Family reunification

Permanent residence typically after 5 years.

BVI presence options:

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

Bahamian residency routes:

Economic Permanent Residence - qualifying property investment
Annual residence permits for HNW
Work permits - employer-sponsored
Family 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.

DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.

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

IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.

Banking

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

Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.

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

Banking is selective and source-of-funds focused. 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 inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.

Family inclusion follows the main route. International schools are limited.

Family inclusion is supported on most routes. International schools are concentrated on New Providence.

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 Montenegro:

Tax residency triggers
EU accession dynamics may change rules over time
Processing variations between municipalities
Schengen entry / exit considerations for travel planning

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 the Bahamas:

Economic substance reporting
Property due diligence
Reputational handling around offshore structures

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 Montenegrin residency documents:

Passport
Criminal record certificate
Proof of accommodation
Basis for residence
Health insurance
Family certificates

Apostilled and translated.

Typical BVI documents:

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

Typical Bahamian documents:

Passport
Source-of-funds evidence
Health and police clearances
Apostilled foreign documents