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	Paraguay Latin America	Panama Central America & Caribbean	Saint Lucia Central America & Caribbean	Portugal 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.	Panama is a long-established jurisdiction for residency and offshore company structures with a stable USD economy. Bordercase coordinates with licensed Panamanian lawyers and corporate-services partners.

Best for	Second residency Low day-count Cost of living Latin America	Second residency USD economy Asset planning Holding structures	Second passport English admin Caribbean residency	Families Remote workers Founders EU access

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.	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	Saint Lucia routes: Citizenship by Investment (CBI) via fund contribution or approved real-estate investment Standard work permits Family routes	Common Portuguese residency routes: D7 - passive income / pension D8 - digital nomad / remote work D2 - entrepreneur / self-employed D3 - highly qualified workers Tech Visa - eligible tech roles via accredited companies Golden Visa - restricted in scope after recent reforms Family reunification on most permits Each has different income, residency-day, and renewal requirements.

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.	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.	Domestic companies and IBCs are common in international structures.	Portugal supports Lda (private limited) and SA (public limited) structures. Tax registration, social security registration, and a Portuguese tax representative are typically required. Substance, accounting, and reporting obligations are real.

Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.	Banking is selective. Bordercase coordinates banking introductions through current partners.	Personal accounts are accessible to residents and many non-residents; documentation is structured and predictable. Corporate banking depends on company structure and intended activity; Bordercase coordinates with banking partners for 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-language and Spanish) are available in Panama City.	CBI can include qualifying dependents.	Family reunification is supported on most residency routes. Schools (public, private, and international) are widely available; the public system is generally accessible to legal residents.

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 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 Saint Lucia: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented	Risks Bordercase watches for in Portuguese cases: AIMA processing delays (formerly SEF) Misalignment between visa type and actual activity Tax residence triggered by accident - NHR window timing matters Past EU Schengen overstays must be disclosed Real estate vs investment routes have changed materially

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 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 CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation	Typical document pack for Portuguese residency: Passport NIF (Portuguese tax number) Proof of accommodation (lease, deed, or invitation) Proof of income or assets (varies by route) Criminal record certificate with apostille Health insurance valid in Portugal Marriage / birth certificates for family routes Certified translations where required