Best Places to Form an Offshore Company in 2022

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I was just asking myself about that about a software development company which hires freelance around the globe. Thanks.

What about a SAAS business?

Uncharacteristically 'to the point' video. Thank you for the information above the usual salespitch spiel.

Hey Michael great video - I went to join your forum but the payment page is insecure with a warning about financial info and then I had a bunch of Japanese text come up! Do you have a secure checkout? Thanks man

Great content. Interesting that bulgaria didn't make the cut

UK LLP is appealing, until it comes to banking. 😔

If I have a disregarded US LLC with payment processing, where would be the best place to set up a holding company for asset protection and building wealth? Been exploring Dubai & Cyprus.

YESSS! Havent wathced yet but this is the type of shit I wanna see! More like this!

What's the zero-tax company where Stripe works?

Can you do a video on new FATF regulations on exchange and Trezor and AOPP, how this affect privacy coin like Monero, coinjoin (Samourai, Wasabi, Joinmarket), second layer like Lightning non custodial wallets, DeFi and stablecoins? Thanks.

what about for legacy businesses like a trucking company that operates solely in a country like canada?

For a small web design studio, that wants to accept payments via stripe or something else besides PayPal in USD or EUR which counties would you consider? I have been looking Georgia

How about a crypto-based company ?

High value content as always!

I wish to start off with a €1000 Company and I would pay a Tax of €10 on accumulating €1000 so kindly suggest suitable options for me

The most motivating vid yet!
Thank you Michael, I don't think that you realize the effect your channel has on us.... this is the nectar our entrepreneurial spirits need to fuel us to embrace another year of small business pain and frustration as we grow and learn.
Brian

Indonesia has just deported another digatal nomad for not paying tax n not having a work visa and registered on line biss:

i don't know if this would be in your best interest, but a small guide for beginners in the drop business who are in countries that aren't supported by stripe for instance would probably make you a lot of money, a beginner with a low budget wouldn't be able to afford your services for sure, but a guide that would generate passive income for you would probably benefit you a lot and solve "MANY" people's problem, here's an exmple, i'm in algeria, uk is the cheapest place to form an ltd, but there's 20% capital gain tax, i live in a country that has a 15%+15% wth tax with uk, so that's 50% in total gone, then there's social security 15% tax on global income, 65% of my margin = bye bye ! and we didn't even mention the 20% vat and 20% import tax yet which either rises your prices and lowers your sales, or gets taken from your margin ! how would you even make enough money to afford a professional in such a dramatic situation as a beginner....

Could you do a similar video for the WORST countries in 2022 please?

Hi.great video sir . would you mind share with us the best offshore country to forming a company about forex trading .crypto trading and selling service around forex and crypto?? Currently I'm at Indonesia which is Territorial tax

If you are a day trader is it considered foreign income earned ? I am afraid it doesn’t for most countries that say they don’t tax foreign income

Great video. Thanks. Where is the best place to register offshore company w/banking for a uk resident buying usa real estate?

Hi Michael, what would be the best advice for a South Afican, Digital Marketer, doing affiliate marketing.
1. Staying in South Africa
2. Would like to register a low tax company or No tax company abroad.
3. Should be cost effective.
4. Would like to move to UAE, Malaysia, Singapore, or some European country in a 2 to 5 years time.

Thank you for the video! I another video you said that Georgia wasn't good anymore, but I'm wondering why it's in this list? My personal situation is that I reside in Canada and I run an Amazon FBA Japan business.

Any time you mention UAE for a company, you should also consider Bahrain. About 3 years ago they made their company applications easy, fast (2-3 weeks) and cheap, with local bank account and residency available. IIRC expat can be sole director, you do not need local sleeping partner.

How about Gibraltar? You could probably get access to EU payment processors and non-resident companies don't pay corporate tax.

Both Stripe and Paypal now accept companies from the UAE so surely they’re good options for payment processing? If you can get a Dubai bank account it’s even better as no CRS.

Where does it make sense to register a company if we want to move from Canada to Spain and buy a property there? We are self employed and work for our own company. Does it makes sense to open it in Andorra?

Best countries for US citizens, forex/trading business? -don’t necessarily need a great bank account like Swiss bc can use crypto but a decent bank option would be nice too

(I understand tax will still be applicable, just need the company to be able to access certain brokerage etc)

Was thinking UAE, Cayman Islands, Nevis, or BVI?

Also if Caribbean options are not ideal for banking, is it able to open company there but get a bank account elsewhere still?

Thanks!

Hi, a consultant that travels and has no one place of residence $300-500K yearly income company what is the best off sure with banking services? please send you an e-mail. thank you.

What do you mean by payment processing? Whether if a company that we would form uses or not uses PayPal fpr example? Or the company itself that we are forming not being or being in the payment processing industry as it's primary activity?

I think for a non-american, the best country to start an offshore company is USA, especially one the "no state tax" states, like Delaware, Florida or Nevada.

I plan to store money in Malta company, then start getting paid in Thailand, so that I can pay just 5%.......

What if you want to run e-commerce’s business where will be the best place

What about US citizens living abroad?

You said US LLC. But what is the point to recommend this , if in the end, you will end paying taxes in your country of residence? Makes no sense.

Hey, i have a short question and would be glad if you could just give me some country names:
I want to open up a non-resident-company, means where i don't have to be there, low taxes and low cost for opening it up.

Incorporating a company on Mars has limited tax effect if all the company's income is caught of a sovereign tax authority's controlled foreign company rules (e.g. Australia, new Zealand, USA)

🙌 I have US LLC in Wyoming and I’m resident of Slovakia,EU selling digital products and coaching to Czechoslovak market. They pay in EUR or CZK. I live in SE Asia and don’t have team members in Slovakia. How can I optimize my taxes in the best way possible? Thanks. 🙏

Updated video please.

You didn’t mention the Seychelles and Mauritius. The latter appears similar to Labuan with its 3% tax labeled as “mid-shore”… kindly explain why you did not include these two locations.

Hello, @Offshore Citizen
Thanks for the video.

I`m especially interested understanding how to benefit the territorial tax in the Philippians structuring an offshore company or a trust.
Can you please review and verify the following conversation i picked up advising ChatGpt and share you comments/correction on it

"

In countries with a territorial tax system like the Philippines, both resident aliens and non-resident aliens are generally taxed only on income that is sourced within the Philippines. However, when it comes to foreign-sourced income (such as dividends or salary from a holding company or trust owned abroad), the tax treatment depends on several factors.

Here’s a breakdown:

1. Non-Resident Aliens:
Non-resident aliens are taxed only on income that is sourced within the Philippines. Any foreign-sourced income (including dividends or salary from an offshore holding company or trust) would typically not be taxable in the Philippines.
2. Resident Aliens:
Resident aliens are also generally taxed only on Philippine-sourced income. Foreign-sourced income, such as dividends or salary from an offshore company or trust, is not taxable in the Philippines.
Even if the income (dividends or salary) is paid to the resident alien by a holding company or trust that they personally own, as long as the income is sourced outside of the Philippines, it should not be subject to Philippine taxation.
Key Considerations:
Income source is the determining factor in the Philippines. Since the country's tax system is territorial, it does not tax income derived from activities or assets held abroad, regardless of whether that income is paid as a dividend, salary, or trust distribution.
If the foreign income is remitted or brought into the Philippines, this does not change the tax treatment — it remains exempt from taxation as long as the source is foreign.
Example:
If you, as a resident alien, own a holding company or trust abroad (outside the Philippines), and you receive dividends or a salary from that entity, those payments would not be subject to Philippine taxes as they are considered foreign-sourced income.
Conclusion:
For both non-resident aliens and resident aliens, the Philippines does not tax foreign-sourced income, even if that income is in the form of dividends or salary from a personally owned offshore holding company or trust.

However, tax laws can sometimes be subject to interpretation, so it’s always a good idea to confirm this with a local tax advisor for more complex structures or substantial sums.

"