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Bordercase

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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.

 TR flagTürkiye

Europe

PA flagPanama

Central America & Caribbean

HK flagHong Kong

Asia

OverviewTürkiye 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.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.Hong Kong remains an active jurisdiction for company formation, banking introductions, and selected residency routes. Bordercase coordinates with licensed Hong Kong company-services and immigration partners.
Best for
  • Citizenship by investment
  • Cost of living
  • Regional residency
  • Families
  • Second residency
  • USD economy
  • Asset planning
  • Holding structures
  • Founders
  • Banking
  • Holding structures
  • English admin
CurrencyTRYUSDHKD
LanguageTurkishSpanishCantonese / English
Time zoneUTC+3UTC-5UTC+8
EU memberNoNoNo
SchengenNoNoNo
Residency

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

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

Hong Kong residency routes:

  • General Employment Policy (GEP)
  • Quality Migrant Admission Scheme (QMAS)
  • Top Talent Pass Scheme (TTPS)
  • Capital Investment Entrant Scheme (CIES) - recently revived
  • Dependant routes
Company setup

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

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.

Hong Kong Limited companies are widely used for trading and holding structures. Annual filings, audited accounts, and a company secretary are required. Substance expectations and BEPS-driven changes affect ongoing planning.

Banking

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

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

Local banking has tightened materially; some non-resident structures face long onboarding or rejection. EMIs and Singapore / Dubai banking are common alternatives. Bordercase coordinates introductions through current partners.

Family

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

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

Family relocation is supported on most residency routes. Schools (local, private, ESF, international) are competitive; international school waitlists are real.

Risks

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 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

Risks Bordercase watches for in Hong Kong:

  • Company-only setups without substance face banking and audit friction
  • Banking has tightened materially
  • Political / policy shifts must be factored into long-horizon planning
  • Annual audit and filing discipline is real
Documents

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 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.

Typical Hong Kong documents:

  • Passport
  • CV
  • Education certificates
  • Employment history
  • Company documents (where applicable)
  • Family certificates with notarisation

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