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Countries

	Serbia Europe	Bulgaria Europe	Türkiye Europe	Grenada Central America & Caribbean
Overview	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.	Bulgaria is an EU member state with competitive corporate tax, structured residency routes, and a well-developed digital infrastructure. Bordercase coordinates with licensed Bulgarian 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.	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.
Best for	Founders IT professionals Cost of living Regional hub	Founders EU access Cost of living	Citizenship by investment Cost of living Regional residency Families	Second passport US E-2 access English admin
Currency	RSD	BGN / EUR transition	TRY	XCD
Language	Serbian	Bulgarian	Turkish	English
Time zone	UTC+1	UTC+2	UTC+3	UTC-4
EU member	No	Yes	No	No
Schengen	No	Yes	No	No
Residency	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.	Bulgarian residency routes: Employment-based residence Business / self-employment routes Retirement / pensioner residency Family reunification EU citizen-derivative routes Permanent residence typically after 5 years.	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	Grenada routes: Citizenship by Investment (CBI) via fund contribution or qualifying real-estate investment Standard work permits Family routes
Company setup	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.	OOD (LLC) and EOOD (single-shareholder LLC) are common structures. Formation is well-documented. Corporate tax is at a flat rate; VAT registration depends on activity.	Limited Şirket (LLC) and AŞ (Joint Stock) are common structures. Notary registration, tax registration, and a tax representative are typically required.	Domestic companies and IBCs are common in international structures.
Banking	Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.	Personal and corporate banking for residents is broadly accessible. Source-of-funds documentation matters for non-standard cases. Bordercase coordinates banking introductions.	Personal banking for residents is broadly accessible; non-resident corporate banking has tightened. Source-of-funds and ownership clarity are central.	Banking is selective. Bordercase coordinates banking introductions through current partners.
Family	Family reunification is supported. International schools (English, French, Russian) are available in Belgrade.	Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.	Family reunification is supported on most routes. International schools (English, German, French, Italian) are available in Istanbul and Ankara.	CBI can include qualifying dependents.
Risks	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	Risks Bordercase watches for in Bulgaria: Tax residency triggers VAT classification on cross-border services Processing variations between regions Euro adoption is in progress - operational planning needed	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 Grenada: Programme parameters change Due diligence has tightened Reputational and revocation risks if information is misrepresented
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.	Typical Bulgarian residency documents: Passport Criminal record certificate Proof of address Basis for residence (employment, business, etc.) Health insurance Family certificates Apostilled and translated to Bulgarian.	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 CBI documents: Passport Due diligence questionnaires Source-of-funds evidence (extensive) Family certificates with apostille and translation

Europe

Europe

Europe

Central America & Caribbean

Overview

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.

Bulgaria is an EU member state with competitive corporate tax, structured residency routes, and a well-developed digital infrastructure. Bordercase coordinates with licensed Bulgarian 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.

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.

Best for

Founders
IT professionals
Cost of living
Regional hub

Founders
EU access
Cost of living

Citizenship by investment
Cost of living
Regional residency
Families

Second passport
US E-2 access
English admin

Currency

RSD

BGN / EUR transition

TRY

XCD

Language

Serbian

Bulgarian

Turkish

English

Time zone

UTC+1

UTC+2

UTC+3

UTC-4

EU member

Yes

Schengen

Yes

Residency

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.

Bulgarian residency routes:

Employment-based residence
Business / self-employment routes
Retirement / pensioner residency
Family reunification
EU citizen-derivative routes

Permanent residence typically after 5 years.

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

Grenada routes:

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

Company setup

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.

OOD (LLC) and EOOD (single-shareholder LLC) are common structures. Formation is well-documented. Corporate tax is at a flat rate; VAT registration depends on activity.

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

Domestic companies and IBCs are common in international structures.

Banking

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

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

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

Family

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

Family reunification is supported. Schools (public, private, English, German, French) are concentrated in Sofia, Plovdiv, and Varna.

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

CBI can include qualifying dependents.

Risks

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

Risks Bordercase watches for in Bulgaria:

Tax residency triggers
VAT classification on cross-border services
Processing variations between regions
Euro adoption is in progress - operational planning needed

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 Grenada:

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

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.

Typical Bulgarian residency documents:

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

Apostilled and translated to Bulgarian.

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 CBI documents:

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