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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

RS flagSerbia

Europe

PY flagParaguay

Latin America

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.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.Paraguay offers one of the more accessible residency routes in Latin America for individuals seeking a second residence. Bordercase coordinates with licensed Paraguayan partners for filings.
Best for
  • Citizenship by investment
  • Cost of living
  • Regional residency
  • Families
  • Founders
  • IT professionals
  • Cost of living
  • Regional hub
  • Second residency
  • Low day-count
  • Cost of living
  • Latin America
CurrencyTRYRSDPYG
LanguageTurkishSerbianSpanish / Guaraní
Time zoneUTC+3UTC+1UTC-4
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

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.

Paraguay residency routes:

  • Permanent residency via proof of solvency / qualifying income - the standard route
  • Family inclusion on the main application

Physical-presence requirements are relatively low compared to other jurisdictions.

Company setup

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

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.

SRL (Limited Liability) and SA (Joint Stock) structures are available; entity setup is well-supported by local partners. Substance and reporting requirements should be confirmed at setup.

Banking

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

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 accessible. Bordercase coordinates introductions and documentation prep.

Family

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

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

Family inclusion on residency applications is supported. Schools (Spanish-language and limited international) are concentrated in Asunción.

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 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 Paraguay:

  • Residency vs tax residency confusion
  • Document apostille and translation requirements must be tracked carefully
  • Some originating countries are subject to additional scrutiny
  • Real-world banking outside Paraguay may not change because of Paraguayan residency
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 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 Paraguay documents:

  • Passport
  • Criminal record certificate (origin country + any country of residence in last 5 years)
  • Marriage / birth certificates for family
  • Proof of income or solvency (savings / pension / business)

All documents apostilled and translated to Spanish.

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