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	Romania Europe	Grenada Central America & Caribbean	Türkiye Europe
Overview	Romania 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.	Grenada is a Caribbean jurisdiction with a Citizenship by Investment programme that uniquely supports US E-2 treaty access. Bordercase coordinates with authorised local agents.	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	Founders Digital nomads EU access Cost of living	Second passport US E-2 access English admin	Citizenship by investment Cost of living Regional residency Families
Currency	RON	XCD	TRY
Language	Romanian	English	Turkish
Time zone	UTC+2	UTC-4	UTC+3
EU member	Yes	No	No
Schengen	Yes	No	No
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	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes	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
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.	Domestic companies and IBCs are common in international structures.	Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.
Banking	Personal and corporate banking for residents is broadly accessible. Bordercase coordinates introductions for non-standard cross-border structures.	Banking is selective. Bordercase coordinates banking introductions through current partners.	Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.
Family	Family reunification is supported. International schools (English, French, German) are concentrated in Bucharest, Cluj, and Timișoara.	CBI can include qualifying dependents.	Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.
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 Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented	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
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 CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation	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.

Country pages stay the authoritative source. This view is a side-by-side; nothing here promises a particular outcome.

Countries

Romania

Europe

Grenada

Central America & Caribbean

Türkiye

Europe

Overview

Romania 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.

Grenada is a Caribbean jurisdiction with a Citizenship by Investment programme that uniquely supports US E-2 treaty access. Bordercase coordinates with authorised local agents.

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

Founders
Digital nomads
EU access
Cost of living

Second passport
US E-2 access
English admin

Citizenship by investment
Cost of living
Regional residency
Families

Currency

RON

XCD

TRY

Language

Romanian

English

Turkish

Time zone

UTC+2

UTC-4

UTC+3

EU member

Yes

Schengen

Yes

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

Grenada routes:

Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment
Standard work permits
Family routes

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

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.

Domestic companies and IBCs are common in international structures.

Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.

Banking

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

Banking is selective. Bordercase coordinates banking introductions through current partners.

Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.

Family

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

CBI can include qualifying dependents.

Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.

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 Grenada:

Programme parameters change
Due diligence has tightened
Reputational and revocation risks if information is misrepresented

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

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 CBI documents:

Passport
Due diligence questionnaires
Source-of-funds evidence (extensive)
Family certificates with apostille and translation

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.