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Compare jurisdictions, side by side.

Pick up to 4 countries and see residency, company, banking, family, and risk notes line up. No prices, no marketing packages - just the working notes.

 RO flagRomania

Europe

DE flagGermany

Europe

PY flagParaguay

Latin America

OverviewRomania is an EU member state with structured residency routes, accessible company formation, and competitive costs for founders and remote professionals. Bordercase coordinates with licensed Romanian partners.Germany is the largest EU economy and a strong destination for skilled professionals, founders, and remote workers (under specific routes). Bordercase coordinates with licensed German partners for filings.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.
Best for
  • Founders
  • Digital nomads
  • EU access
  • Cost of living
  • Founders
  • Skilled workers
  • EU access
  • Families
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
CurrencyRONEURPYG
LanguageRomanianGermanSpanish / Guaraní
Time zoneUTC+2UTC+1UTC-4
EU memberYesYesNo
SchengenYesYesNo
Residency

Romanian residency routes:

  • Employment-based residence (including the Blue Card)
  • Digital Nomad Visa - remote workers
  • Business / investor routes
  • Family reunification
  • EU citizen-derivative routes

German residency routes:

  • Blue Card - high-skilled employees
  • Freiberufler / Selbständig - freelancer / self-employed
  • Employer-sponsored work permits
  • Entrepreneur visa
  • Family reunification

Permanent residence typically after 5 years (faster on Blue Card).

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.

Company setup

SRL (limited liability) is the standard structure. Formation involves notary and trade registry. Microcompany tax regime may apply for small businesses with eligible activities.

GmbH and UG (haftungsbeschränkt) are common structures. Notary involvement is required for formation. Tax registration, trade registration (Gewerbeanmeldung), and German GAAP / tax accounting standards apply.

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.

Banking

Personal and corporate banking for residents is broadly accessible. Bordercase coordinates introductions for non-standard cross-border structures.

Personal banking for residents is well established; certain non-resident structures take longer. SCHUFA history is relevant for residents. Bordercase coordinates introductions for cross-border cases.

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

Family

Family reunification is supported. International schools (English, French, German) are concentrated in Bucharest, Cluj, and Timișoara.

Family reunification is well supported. Schools (public, private, bilingual, and international) are widely available; international schools are concentrated in major cities.

Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

Risks

Risks Bordercase watches for in Romania:

  • Tax residency triggers
  • Microcompany regime eligibility
  • Processing variations between counties
  • Schengen entry / exit rules now apply

Risks Bordercase watches for in Germany:

  • Tax residency triggers (183 days + centre of interests)
  • Late VAT registration on cross-border services
  • Language and bureaucratic friction in some Länder
  • Freiberufler vs Gewerbe classification disputes

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
Documents

Typical Romanian residency documents:

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

Apostilled and translated to Romanian.

Typical German residency documents:

  • Passport
  • Recognised qualifications (where required)
  • Contract or business plan
  • Accommodation evidence (Anmeldung)
  • Health insurance
  • Family certificates

Apostilled and translated to German.

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.

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