0% Tax PANAMA Offshore Company & 0% Tax Dubai Residence with NON-CRS Bank Account & Crypto Off-Ramp - DLS Offshore

[Fred]

Hi OffshoreCorpTalk Forum Users,



I was busy last couple of days to onboard the first clients for the 0% Tax Panama Offshore Company with HK Bank and Crypto Exchange Setup.



I requested every single of them to leave a review here of the service once the setup is up and running - not all of them require the Crypto Cash Out Scheme so it might take a bit time till someone is reporting back on it here as well.



I'm surprised that so less people are aware about the possibilities with Panama as an Offshore Jurisdiction and I'm looking forward to make the Panama Offshore Company Setup together with a 0% Tax Dubai Residence more popular among the OffshoreCorpTalk Forum and even thinking about offering 0% Tax Residence in Panama anytime soon - so that we are equipped with a back-up option for 0% Tax Dubai Residence in case Personal Income Tax in UAE rumors becoming reality.



I updated the initial Post with the DLS Offshore Offering as well and added answers to the most frequent questions.



Now let's answer your latest questions.









JustAnotherNomad said:






Well, some will, see the table linked above. But I would also expect that it will only get worse.

So it's 15 countries now, but maybe it will be the whole EU soon.

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Definitely the EU will do whatever they can do to keep the people living in the EU poor and if they get some wealth how this remains stuck in the EU - I escaped 2018 and since then @Martin Everson is preaching the same: leave the EU as long as you still can.



Once you figured your way even when this most likely means you have to ignore certain rules and regulations - the services DLS Offshore offering might be interesting for you.



A lot of smart Business Ideas in the New Economy nowadays are not even possible to operate with EU Companies - not necessarily because of Taxes but because of all the bureaucracy, rules and regulations in place.



I get your point and yes fair enough - better avoid interacting with a Panama Company in Business with EU Companies.











luap said:






Can you give a price for the entire setup including the UAE residency?

Can you quote an annual renewal price?

Click to expand...

0% Tax PANAMA Offshore Company all-inclusive (Nominee Director inclusive)

0% Tax Panama Offshore Company, Hong Kong Bank Account, Hong Kong Crypto Exchange Account



Setup Cost: 6,300 EUR

Renewal Cost: 3,000 EUR



0% Tax PANAMA Offshore Company all-inclusive with Nominee Director & Shareholder from EU



0% Tax Panama Offshore Company in Nominee Name, Hong Kong Bank Account in Nominee Name, Hong Kong Crypto Exchange Account in Nominee Name, Debit Card in Nominee Name upon request



Setup Cost: 9,300 EUR

Renewal Cost: 6,000 EUR



0% Dubai Tax Residence all-inclusive - USDT to WPS Salary

Visa Process - 8,500 AED (every 2nd Year)

Admin Fee - 12,000 AED (every Year)



Terms & Conditions apply based availability.











Freetrade said:






How would the Panama setup work for a crypto trader who resides in a country like say New Zealand or Australia?



Supposing the trader earns 500k USDT from their trading activities. They transfer the 500k USDT to the HK bank account. How can they pay them selves that 500k so they could buy real estate etc in their home country(after paying tax on it).



Or would moving to a place like Dubai be the only option then?

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The benefit of the 0% Tax Panama Offshore Company Structure would be that you don't have the tax and bureaucracy as a Crypto Trader in most high tax countries such as that every trade is a taxable event and sometimes even the Tax Authorities don't know how to treat your Activities in the right way.



You keep the Crypto Trading Activities in the Hong Kong Crypto Exchange Account in the Name of the Panama Company and whatever you want to keep in Fiat or invest further in Fiat you can withdraw to your Hong Kong Bank Account in the Panama Company Name.



Whatever you want to have in your Home Country you can take out either in Cash at ATM or you Wire the Money in a context that makes sense for each individual situation and of course you gonna have to pay tax on it - Nominee Director & Shareholder Setup might make sense to distance yourself in front of your Home Country Tax Authority from the Ownership of the Panama Company in CFC Rules & PE Context.



Always recommend a Personal Zoom Call to determine things in detail based on each client individual situation.









Ilias said:






How do you deal with the fact that Sociedad Anonima needs 2 shareholders?

Click to expand...

0% Tax Panama Offshore Company or how you call it Sociedad Anonima short S.A. (Company Name Ending can be Inc. or Incorporation as well) doesn't require 2 Shareholders, you can be sole shareholder and at the same time director, secretary and president however you require in total 3 Directors and that's why we provide the Nominee Directors even in the default basic package - Panama Nationals with Panama Residence in this case.









jkl197 said:






hi all, forgive my ignorance:

why panama company + HK bank

and not simply

HK/SG company + HK/SG bank?



is it simply to avoid accounting and audit?

sure audit has a cost but sometimes it is a required document when you wish to open an additional bank or brokerage account

Click to expand...

People here in this Forum usually search for 100% Privacy and 0% Tax - Panama has no Public Company Registry and no Corporate Tax and at the same time no Accounting or Audit requirements.



With a HK or SG Company you have to pay Taxes, run Accounting and require Audited Financial Statements.



If someone is making 500,000$ per Year it makes a difference if you pay 0% Tax like in Panama, 8-15% Tax like in HK or even more like in Singapore.



Banking and Brokerage Accounts are not a problem if you take a competent Provider who has a good reputation and a long track record in the industry like we at DLS Offshore have.









LordBandwidth said:






Please can you message me more information about the structure along with pricing. I may have a few clients to put your way

Click to expand...

Best you send us an email [email protected] or you message me on Messenger



WhatsApp/Telegram/Signal: +971 52 2561744

 

[jeffbean]

Regarding the nominee directors, if someone such as an investigator from another country/ tax office ran a search, I assume they can pay to access the company register and share holders?



What would they actually see? Is your name exposed?



If they are not audited or accounting obligations I assume no figures are present either?

 

[Fred]

jeffbean said:






Regarding the nominee directors, if someone such as an investigator from another country/ tax office ran a search, I assume they can pay to access the company register and share holders?



What would they actually see? Is your name exposed?



If they are not audited or accounting obligations I assume no figures are present either?

Click to expand...

First of all the Investigator / Tax Office needs to know that you have the Company - there is no Public Company Registry available so if you don't talk around that you have a Panama Company and you do your Homework in terms of IT Security - there shouldn't be any concern.



Again there is not even a Registry you can have access to even when you pay for it.



There are no figure or something else present either.

 

[Freetrade]

The benefit of the 0% Tax Panama Offshore Company Structure would be that you don't have the tax and bureaucracy as a Crypto Trader in most high tax countries such as that every trade is a taxable event and sometimes even the Tax Authorities don't know how to treat your Activities in the right way.



You keep the Crypto Trading Activities in the Hong Kong Crypto Exchange Account in the Name of the Panama Company and whatever you want to keep in Fiat or invest further in Fiat you can withdraw to your Hong Kong Bank Account in the Panama Company Name.



Whatever you want to have in your Home Country you can take out either in Cash at ATM or you Wire the Money in a context that makes sense for each individual situation and of course you gonna have to pay tax on it - Nominee Director & Shareholder Setup might make sense to distance yourself in front of your Home Country Tax Authority from the Ownership of the Panama Company in CFC Rules & PE Context.

Click to expand...



Thanks Fred.



Also, how could the Panama Company receive it's initial bankroll for trading (crypto only). Could I just lend it a few BTC to start?

Does that have to be documented etc.

 

[jeffbean]

Fred said:






First of all the Investigator / Tax Office needs to know that you have the Company - there is no Public Company Registry available so if you don't talk around that you have a Panama Company and you do your Homework in terms of IT Security - there shouldn't be any concern.



Again there is not even a Registry you can have access to even when you pay for it.



There are no figure or something else present either.

Click to expand...

Hmm what would actually show up if they did get to that stage by using your suggested service.



The nominee directors and would myself for example show as a director and a shareholder?

 

[AAJ]

Fred said:






People here in this Forum usually search for 100% Privacy and 0% Tax - Panama has no Public Company Registry and no Corporate Tax and at the same time no Accounting or Audit requirements.

Click to expand...

A quick search in Google shows Panama DOES have a public company registry. Is there something I'm missing?

 

[AAJ]

Fred said:






0% Tax PANAMA Offshore Company all-inclusive (Nominee Director inclusive)

0% Tax Panama Offshore Company, Hong Kong Bank Account, Hong Kong Crypto Exchange Account



Setup Cost: 6,300 EUR

Renewal Cost: 3,000 EUR



0% Tax PANAMA Offshore Company all-inclusive with Nominee Director & Shareholder from EU



0% Tax Panama Offshore Company in Nominee Name, Hong Kong Bank Account in Nominee Name, Hong Kong Crypto Exchange Account in Nominee Name, Debit Card in Nominee Name upon request



Setup Cost: 9,300 EUR

Renewal Cost: 6,000 EUR

Click to expand...

If a client were to choose the first set up where the bank account is not in a nominees name, wouldn't that leave the clients information exposed. Who's name would the bank account be in? How exactly is the account non CRS? Panama is a CRS country and so is HK. Google search shows Panama has a company registry. Confused as to how the client is protected and why you claim this set up is non CRS, especially for the first cheaper set up.

 

[Fred]

Freetrade said:






Thanks Fred.



Also, how could the Panama Company receive it's initial bankroll for trading (crypto only). Could I just lend it a few BTC to start?

Does that have to be documented etc.

Click to expand...

Yes - can be done in BTC or Fiat and then convert to BTC.



Doesn't need to be documented - you can do it for your own documentation.











jeffbean said:






Hmm what would actually show up if they did get to that stage by using your suggested service.



The nominee directors and would myself for example show as a director and a shareholder?

Click to expand...

Name of the Nominee Director and Shareholder shows up OR if you want to be associated to the Company your Name next to the Nominee Directors - see our different Packages and different Approach depending on your Personal Situation.











AAJ said:






A quick search in Google shows Panama DOES have a public company registry. Is there something I'm missing?

Click to expand...

Go ahead and try your luck











AAJ said:






If a client were to choose the first set up where the bank account is not in a nominees name, wouldn't that leave the clients information exposed. Who's name would the bank account be in? How exactly is the account non CRS? Panama is a CRS country and so is HK. Google search shows Panama has a company registry. Confused as to how the client is protected and why you claim this set up is non CRS, especially for the first cheaper set up.

Click to expand...

Pooled Accounts through Money Remittance Service Providers owned by HK Banks - providing proper HK Bank Accounts - not EMI's.



It's a loophole hence market here in the Forum for the smart OffshoreCorpTalk Forum Users - I don't disclose further to keep thing up and running.



If you would figure it already now - the Setup and Work we do at DLS Offshore would be useless - we don't work with mass solutions.

 

[Freetrade]

Yes - can be done in BTC or Fiat and then convert to BTC.



Doesn't need to be documented - you can do it for your own documentation.

Click to expand...



Excellent.

Monero is my base currency for trading but I can convert to BTC first

 

[Sols]

Fred said:






Panama has no Public Company Registry and no Corporate Tax and at the same time no Accounting or Audit requirements.

Click to expand...

Panama has a public company registry: https://www.rp.gob.pa/ But it doesn't list shareholders or UBOs, so if @Fred is providing nominees, it's quite private (if a nominee subscriber is also provided at incorporation).



Not that it really matters aside from being a technicality, but both accounting requirements and corporate tax exist. However, since tax is on a territorial basis, none applies to people who don't do business in Panama. Accounting is to my knowledge required regardless, but since there are no filing requirements for companies with no business in Panama, it's very common to simply not do any accounting unless required for other reasons.

 

[Fred]

Sols said:






Panama has a public company registry: https://www.rp.gob.pa/ But it doesn't list shareholders or UBOs, so if @Fred is providing nominees, it's quite private (if a nominee subscriber is also provided at incorporation).



Not that it really matters aside from being a technicality, but both accounting requirements and corporate tax exist. However, since tax is on a territorial basis, none applies to people who don't do business in Panama. Accounting is to my knowledge required regardless, but since there are no filing requirements for companies with no business in Panama, it's very common to simply not do any accounting unless required for other reasons.

Click to expand...

Professionally lined out as always from you @Sols - all correct and nothing more to add.

 

[undercover]

I'm waiting for the first people to try your service before I jump on the train, but then if all is good I will order

 

[Fred]

undercover said:






I'm waiting for the first people to try your service before I jump on the train, but then if all is good I will order

Click to expand...

Client onboarding continues - major are former DLS Dubai Clients knowing me already since 5 Years - during May some of them should report back here.

 

[yeongsu]

@Fred , I was about to ask you.
Whenever you get the updated information regarding the topic, please let me know what would be a good option considering getting an IBKR/Thinkorswim (cash accounts, not margin) account as the main motive behind the setup.

 

[Fred]

@yeongsu we just opened for Client an Interactive Brokers Account for a Panama Offshore Company - I posted about it here in this Thread as well:


Basically we draft you a Asset Balance Sheet for your Panama Offshore Company and together with a proper Business Bank Account from a real Bank this keeps Interactive Brokers Happy and the client could fund already successfully 100,000 USD to his Interactive Brokers Account by using SWIFT Transfer.

 

[thaiste]

Hi Fred,
I am interested in the Panama company option without Dubai residency. Right now, I am living in Asia as a digital nomad and trade crypto for a living.
This looks like a perfect solution for my situation.


As you are offering a Hong Kong based crypto exchange account with the offshore Panama company.
Could the purpose of the company business be trading cryptocurrency/stocks?

I would only be trading myself and with my own funds. As I understand it, if the company trades through an approved crypto exchange and is not trading on behalf of clients then no licenses are required, is this correct?



At the moment I'm living as a nomad without a definitive tax residence. Using your setup I could defer any profits until I have established a tax residency before taking dividends/salary.
Is this correct?


Could this option or a similar option be available to customers not requiring the Dubai residence visa? Could the salary be paid directly in to the Panama company?

and finally:

Could you explain how the crypto off/on ramp would work for the Panama company option?

Thanks Fred.

 

[yeongsu]

Wow that's even better than dubai if travel isn't needed.

 

[fipikcom]

Which Crypto Exchange Account in Hong Kong includes in package?

 

[mytoofood]

I hope you already have a lot of customers so we soon can see a review from one of them with real experience. I'm very close to hook on your offer.

 

[Nomadguk]

All these stories and questions and answers are just so fucking interesting!
I might want to use your service too, just mine requires the ceond citizenship too?

can we do it on Panama while I"m living in paraguay to gain the citizenship?