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	Paraguay Latin America	Türkiye Europe	Cyprus Europe	Grenada 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.	Türkiye offers a range of residency routes from short-term tourist residency to longer-term investor / family / work routes. Bordercase coordinates with licensed Turkish lawyers for filings.

Best for	Second residency Low day-count Cost of living Latin America	Citizenship by investment Cost of living Regional residency Families	Founders Holding structures EU access English admin	Second passport US E-2 access 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.	Türkiye residency routes: Short-term residence permit (1-2 years, renewable) Family permit Work permit - employer-sponsored Student permit Citizenship-by-investment via real estate or qualifying deposits / investments	Cyprus residency routes: Permanent residency by investment (Cat F / Cat 6.2) Digital Nomad Visa Employment routes (including the international headquartering route) Family reunification The investor citizenship programme is closed.	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits 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.	Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.	Cyprus Limited companies are widely used by international groups for IP, holding, and trading structures. Substance, local director, and accounting requirements have tightened in recent years and must be planned at setup.	Domestic companies and IBCs are common in international structures.

Banking	Personal banking for residents is accessible. Bordercase coordinates introductions and documentation prep.	Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.	Cypriot banks have strict KYC and source-of-funds processes following past compliance episodes. EMIs are widely used as supplements. Personal and corporate banking introductions go through vetted partners.	Banking is selective. Bordercase coordinates banking 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 on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.	Family reunification is available on most routes. English-language schools (public and private) and healthcare options are widely accessible to legal residents.	CBI can include qualifying dependents.

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 Türkiye: Restricted residency zones (some districts no longer issue short-term residency to foreigners) Currency volatility on investment routes Shifting policy on the citizenship-by-investment programme Banking documentation requirements tighten regularly	Common pitfalls in Cyprus cases: Post-reform substance requirements underestimated Banking timelines longer than expected Permanent residency confused with citizenship (different programmes) Some sectors face additional KYC scrutiny	Risks Bordercase watches for in Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented

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 Türkiye documents: Passport Biometric photos Proof of address Proof of income or savings Health insurance Criminal record certificate Marriage / birth certificates for family Documents apostilled and translated to Turkish.	Typical document pack for Cyprus residency: Passport Criminal record certificate (apostilled) Proof of income / investment Health insurance valid in Cyprus Accommodation evidence Education certificates (for relevant routes) Marriage / birth certificates for family routes For company formation: business plan, ownership-chain documents, and KYC for all ultimate beneficial owners.	Typical CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation