Compare jurisdictions, side by side.

Uruguayan residency routes:

• Standard residency - proof of income / qualifying activity
• Investor route
• Retirement / pensioner route
• MERCOSUR fast-track for member-state nationals
• Family reunification

Common Armenian residency routes:

• Temporary residence - issued for 1 year, renewable; granted for work, study, business, family, or Armenian ancestry
• Permanent residence - typically 5 years renewable; available after qualifying temporary stay or other qualifying ground
• Special residence - 10-year status for individuals of Armenian descent or those of significant value to Armenia
• Family reunification - spouse, children, dependant parents

Many nationalities can enter visa-free or with a simple e-visa for up to 180 days, which is often used to plan the right route.

Grenada routes:

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

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.

SAS and SA are common structures. DGI tax registration and BPS social-security registration follow.

Standard Armenian entities and tax treatment:

• LLC (Sahmanapak Pataskhanatvutyamb Enkerutyun) - the default private entity; fast online formation
• Individual Entrepreneur (IE) - simple setup; Turnover Tax regime at 5% (or category-specific rates) for qualifying small businesses
• IT Sector incentives - certified IT companies have historically benefited from reduced corporate tax and payroll incentives (programmes are revised periodically)
• Standard CIT is 18%; dividend withholding is 5% for residents

Bordercase coordinates structure choice to match real activity and current incentive frameworks.

Domestic companies and IBCs are common in international structures.

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.

Residency unlocks personal banking. Uruguay has historically been a HNW banking destination in the region; standards have tightened materially.

Personal and corporate banking is broadly accessible through Ameriabank, ACBA Bank, Ardshinbank, and others - typically with USD, EUR, RUB, and AMD accounts. Onboarding is straightforward for clean cases; expect source-of-funds questions for larger flows. Bordercase coordinates introductions where useful.

Banking is selective. Bordercase coordinates banking 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 reunification is supported. Schools (public, private, bilingual, international) are concentrated in Montevideo and Punta del Este.

Family reunification is supported across most routes. English-language international schools are available in Yerevan. Healthcare is a mix of public and private; private cover is recommended for relocating families.

CBI can include qualifying dependents.

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

Risks Bordercase watches for in Uruguay:

• Tax residency triggers (the new-resident tax holiday has conditions)
• Banking documentation and source-of-funds rigor
• Apostille + Spanish translation requirements

Risks Bordercase watches for in Armenia:

• Tax residency triggers - 183 days makes you tax-resident under Armenian rules
• IT certification scope - incentives apply only to certified, qualifying activities
• Russia/EAEU exposure - Armenia is part of EAEU; some structures benefit from this, others raise sanctions/banking flags
• Source-of-funds scrutiny for non-standard transfer corridors
• Permit renewals - documentation continuity matters across cycles

Risks Bordercase watches for in Grenada:

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

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

Typical Uruguayan documents:

• Passport
• Apostilled foreign documents
• Proof of income or investment
• Health insurance
• Spanish translations where required

Typical Armenian residency documents:

• Passport (6+ months valid)
• Proof of basis (employment, business, study, ancestry, family)
• Proof of accommodation
• Health insurance
• Bank statements / proof of income
• Criminal record certificate (apostilled, where required)
• Marriage / birth certificates for family routes

Apostille and certified translation into Armenian where required.

Typical CBI documents:

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

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.