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	Romania Europe	Montenegro Europe	Bahamas Central America & Caribbean	Serbia 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.	Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin partners.	The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.	Serbia is an attractive non-EU European jurisdiction for founders, IT professionals, and remote workers - with accessible residency and competitive costs. Bordercase coordinates with licensed Serbian partners for filings.
Best for	Founders Digital nomads EU access Cost of living	Cost of living Coastal living Regional residency	HNW Funds Family offices English admin	Founders IT professionals Cost of living Regional hub
Currency	RON	EUR	BSD	RSD
Language	Romanian	Montenegrin / Serbian	English	Serbian
Time zone	UTC+2	UTC+1	UTC-5	UTC+1
EU member	Yes	No	No	No
Schengen	Yes	No	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	Montenegrin residency routes: Temporary residence via employment Business / self-employment Real-estate ownership Family reunification Permanent residence typically after 5 years.	Bahamian residency routes: Economic Permanent Residence - qualifying property investment Annual residence permits for HNW Work permits - employer-sponsored Family routes	Serbian residency routes: Temporary residence via employment Self-employment / business Real-estate ownership Family reunification IT-focused residency framework Permanent residence typically after 3 years of continuous temporary residence.
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.	DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.	IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.	DOO (limited liability) is the standard structure. Formation is well-documented, with online steps available. Tax registration (PIB) and APR (Business Registers Agency) registration follow.
Banking	Personal and corporate banking for residents is broadly accessible. Bordercase coordinates introductions for non-standard cross-border structures.	Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.	Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.	Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.
Family	Family reunification is supported. International schools (English, French, German) are concentrated in Bucharest, Cluj, and Timișoara.	Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.	Family inclusion is supported on most routes. International schools are concentrated on New Providence.	Family reunification is supported. International schools (English, French, Russian) are available in Belgrade.
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 Montenegro: Tax residency triggers EU accession dynamics may change rules over time Processing variations between municipalities Schengen entry / exit considerations for travel planning	Risks Bordercase watches for in the Bahamas: Economic substance reporting Property due diligence Reputational handling around offshore structures	Risks Bordercase watches for in Serbia: Tax residency triggers VAT registration timing Processing variations between MUP offices EU Schengen access requires planning for cross-border travel
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 Montenegrin residency documents: Passport Criminal record certificate Proof of accommodation Basis for residence Health insurance Family certificates Apostilled and translated.	Typical Bahamian documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents	Typical Serbian residency documents: Passport Criminal record certificate Proof of address Basis for residence (employment, business, etc.) Health insurance Family certificates Apostilled and translated to Serbian.

Romania

Europe

Montenegro

Europe

Bahamas

Central America & Caribbean

Serbia

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.

Montenegro is a non-EU European country with structured residency routes, EU candidate status, and a growing role as a base for founders and remote workers in the region. Bordercase coordinates with licensed Montenegrin partners.

The Bahamas is a Caribbean jurisdiction with structured residency routes including the Economic Permanent Residence and an active fund / family-office sector. Bordercase coordinates with licensed Bahamian partners.

Serbia is an attractive non-EU European jurisdiction for founders, IT professionals, and remote workers - with accessible residency and competitive costs. Bordercase coordinates with licensed Serbian partners for filings.

Best for

Founders
Digital nomads
EU access
Cost of living

Cost of living
Coastal living
Regional residency

HNW
Funds
Family offices
English admin

Founders
IT professionals
Cost of living
Regional hub

Currency

RON

EUR

BSD

RSD

Language

Romanian

Montenegrin / Serbian

English

Serbian

Time zone

UTC+2

UTC+1

UTC-5

UTC+1

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

Montenegrin residency routes:

Temporary residence via employment
Business / self-employment
Real-estate ownership
Family reunification

Permanent residence typically after 5 years.

Bahamian residency routes:

Economic Permanent Residence - qualifying property investment
Annual residence permits for HNW
Work permits - employer-sponsored
Family routes

Serbian residency routes:

Temporary residence via employment
Self-employment / business
Real-estate ownership
Family reunification
IT-focused residency framework

Permanent residence typically after 3 years of continuous temporary residence.

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.

DOO (limited liability) is the standard structure. Formation is well-documented and reasonably fast. Tax and VAT registration follow.

IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.

DOO (limited liability) is the standard structure. Formation is well-documented, with online steps available. Tax registration (PIB) and APR (Business Registers Agency) registration follow.

Banking

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

Personal banking for residents is accessible. Corporate banking depends on activity. Bordercase coordinates introductions where useful.

Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.

Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.

Family

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

Family inclusion on residency applications is supported. International schools are available in Podgorica and on the coast.

Family inclusion is supported on most routes. International schools are concentrated on New Providence.

Family reunification is supported. International schools (English, French, Russian) are available in Belgrade.

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 Montenegro:

Tax residency triggers
EU accession dynamics may change rules over time
Processing variations between municipalities
Schengen entry / exit considerations for travel planning

Risks Bordercase watches for in the Bahamas:

Economic substance reporting
Property due diligence
Reputational handling around offshore structures

Risks Bordercase watches for in Serbia:

Tax residency triggers
VAT registration timing
Processing variations between MUP offices
EU Schengen access requires planning for cross-border travel

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 Montenegrin residency documents:

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

Apostilled and translated.

Typical Bahamian documents:

Passport
Source-of-funds evidence
Health and police clearances
Apostilled foreign documents

Typical Serbian residency documents:

Passport
Criminal record certificate
Proof of address
Basis for residence (employment, business, etc.)
Health insurance
Family certificates

Apostilled and translated to Serbian.