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Countries

	Saint Lucia Central America & Caribbean	Türkiye Europe	Cayman Islands Central America & Caribbean	Panama Central America & Caribbean
Overview	Saint Lucia is a Caribbean jurisdiction with a Citizenship by Investment programme launched in 2016. 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.	The Cayman Islands is an established offshore financial centre and a long-standing jurisdiction for fund, family-office, and holding structures. Bordercase coordinates with licensed Caymanian partners.	Panama is a long-established jurisdiction for residency and offshore company structures with a stable USD economy. Bordercase coordinates with licensed Panamanian lawyers and corporate-services partners.
Best for	Second passport English admin Caribbean residency	Citizenship by investment Cost of living Regional residency Families	Funds Holding structures HNW English admin	Second residency USD economy Asset planning Holding structures
Currency	XCD	TRY	KYD	USD
Language	English	Turkish	English	Spanish
Time zone	UTC-4	UTC+3	UTC-5	UTC-5
EU member	No	No	No	No
Schengen	No	No	No	No
Residency	Saint Lucia routes: Citizenship by Investment (CBI) via fund contribution or approved 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	Cayman Islands residency routes: Certificate of Permanent Residence for Persons of Independent Means - qualifying investment Residency Certificate (Substantial Business Presence) - operating a qualifying business Work permits for employer-sponsored roles Family routes	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
Company setup	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.	Exempted Companies, LLCs, and partnerships are widely used in fund and holding structures. Economic substance rules apply to relevant activities.	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.
Banking	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.	Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.	Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.
Family	CBI can include qualifying dependents.	Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.	Family inclusion is supported on most residency routes. International schools are concentrated on Grand Cayman.	Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.
Risks	Risks Bordercase watches for in Saint Lucia: 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	Risks Bordercase watches for in the Cayman Islands: Economic substance reporting and audit Reputational handling around offshore structures KYC tightening across the industry	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
Documents	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.	Typical Cayman documents: Passport Source-of-funds evidence Health and police clearances Apostilled foreign documents Family certificates for dependents	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.

Saint Lucia

Central America & Caribbean

Türkiye

Europe

Cayman Islands

Central America & Caribbean

Panama

Central America & Caribbean

Overview

Saint Lucia is a Caribbean jurisdiction with a Citizenship by Investment programme launched in 2016. 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.

The Cayman Islands is an established offshore financial centre and a long-standing jurisdiction for fund, family-office, and holding structures. Bordercase coordinates with licensed Caymanian partners.

Panama is a long-established jurisdiction for residency and offshore company structures with a stable USD economy. Bordercase coordinates with licensed Panamanian lawyers and corporate-services partners.

Best for

Second passport
English admin
Caribbean residency

Citizenship by investment
Cost of living
Regional residency
Families

Funds
Holding structures
HNW
English admin

Second residency
USD economy
Asset planning
Holding structures

Currency

XCD

TRY

KYD

USD

Language

English

Turkish

English

Spanish

Time zone

UTC-4

UTC+3

UTC-5

EU member

Schengen

Residency

Saint Lucia routes:

Citizenship by Investment (CBI) via fund contribution or approved 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

Cayman Islands residency routes:

Certificate of Permanent Residence for Persons of Independent Means - qualifying investment
Residency Certificate (Substantial Business Presence) - operating a qualifying business
Work permits for employer-sponsored roles
Family routes

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

Company setup

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.

Exempted Companies, LLCs, and partnerships are widely used in fund and holding structures. Economic substance rules apply to relevant activities.

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.

Banking

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.

Banking is mature but selective. Source-of-funds documentation is central. Bordercase coordinates introductions through current partners.

Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.

Family

CBI can include qualifying dependents.

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

Family inclusion is supported on most residency routes. International schools are concentrated on Grand Cayman.

Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.

Risks

Risks Bordercase watches for in Saint Lucia:

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

Risks Bordercase watches for in the Cayman Islands:

Economic substance reporting and audit
Reputational handling around offshore structures
KYC tightening across the industry

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

Documents

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.

Typical Cayman documents:

Passport
Source-of-funds evidence
Health and police clearances
Apostilled foreign documents
Family certificates for dependents

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.