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	Paraguay Latin America	Portugal Europe	Panama Central America & Caribbean	British Virgin Islands 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.	Portugal is a popular EU destination for individuals, families, and remote professionals. Bordercase coordinates assessment across the main residency routes and family relocation logistics, working with licensed Portuguese partners for filings.

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

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.	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.	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	BVI presence options: Work permits - employer-sponsored Residency for HNW under specific programmes Limited tourist / business visit arrangements

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

Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	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.	Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.	Banking access has tightened materially; EMIs are common supplements. Bordercase coordinates introductions for cross-border cases.

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. Schools (public, private, and international) are widely available; the public system is generally accessible to legal residents.	Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.	Family inclusion follows the main route. International schools are limited.

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 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	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 the BVI: Economic substance reporting UBO disclosure and beneficial ownership reform 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 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	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 BVI documents: Passport Source-of-funds evidence KYC for all UBOs Apostilled foreign documents