Best offshore jurisdiction for 2024 and 4 years ahead?
- Thread starter JohnLocke
- Start date
- Status
I once posted a summary here
I would put︁ it that way. If you have the money and have a reliable company, there is︂ nothing wrong with going with Delaware. It had extensive case law making it easier to︃ attract investors and buyers alike. Wyoming is definitely cheaper and thus probably the choice for︄ self-employed.
@yngmind I would be interested in knowing your rationale behind your decision. Anything I︅ was missing?
I would put︁ it that way. If you have the money and have a reliable company, there is︂ nothing wrong with going with Delaware. It had extensive case law making it easier to︃ attract investors and buyers alike. Wyoming is definitely cheaper and thus probably the choice for︄ self-employed.
@yngmind I would be interested in knowing your rationale behind your decision. Anything I︅ was missing?
There is no difference between the US states as to reliability. There are simply differences in state laws and fees. For example, Wyoming has the most offshore friendly laws and Florida https://dos.fl.gov/sunbiz/ is the easiest for do it yourselfers.
Second that.
Personally and most former DLS Dubai Clients who actively used the Dubai Freezone Company Setup switched to either an Employee Residence Visa under a Mainland Company (including myself), went for a Golden Visa in Dubai (whenever requirements are met) or formed a new Freezone︀ Company in a cheap Emirate like Sharjah just to have UAE Residence Visa in place︁ - you can still benefit from 0% Personal Income Tax, decent Personal Banking in the︂ UAE as well as living there for some time of the year - at least︃ 5 Months per year the weather isn't too bad and the convenience of living in︄ UAE is really outstanding in terms of Delivery Services, Restaurants as well as Family Life︅ and Single Life has lot of things to offer as well.
However when it comes︆ to running an active trading Business the former very popular Dubai Freezone Company Setup became︇ quite expensive in management - due to no regulation in place you became as a︈ Freezone Company Owner a Cash Cow for all the Accounting, Audit and Bookkeeping Companies in︉ the UAE - I was told horrible prices and people are getting ripped off left︊ and right for accounting services - if you run a Business with International Clients only︋ you should be still able to get around the VAT however the 9% Corporate Tax︌ aren't nothing especially when you still have decent 0% Corporate Tax Options without Audit and︍ Accounting requirements like with 0% Tax Panama Offshore Company and you still get decent banking︎ for it - Transactional Retail banking and even the possibility to Cash Out Crypto.
Indeed.
That's why we have chosen the 0% Panama Offshore Company Setup as you can at a later stage introduce more substance with getting Panama Personal Banking which is USD based and not too bad either - Crypto On-Off-Ramping is possible and decent Brokerage for at least US Stocks is available as well.
They are working again on making the Residence Visa easier for at least most Nationalities - it's not to underrate that Panama is even more open for Visa︀ Free Travel then the UAE are - you even have Panama Visa Free Travel with︁ a Vanuatu Passport for example.
Panama Foundation law is quite interesting for Holding and Wealth︂ Management Structures as well and absolutely not a problem to bank with experienced Private Banks︃ in Switzerland - even certain UAE Banks are open for discussion with a couple of︄ Million $ in Assets and having a nexus in UAE like a Holding Company.
Users from this Forum should definitely keep an eye on this Jurisdiction and the way we︅ are leading with DLS Offshore - especially should rumors about introduction of Personal Income Tax︆ in the UAE become reality.
Lately they approve Golden Visa's again same day and the︇ Dubai Land Department Transactions are going down - potential plot twist could be to get︈ as much as possible people IN with 10 Year Golden Visa and Substance like local︉ property just to announce in 2-3 Years a Personal Income Tax with an Exit Tax.︊
Personally and most former DLS Dubai Clients who actively used the Dubai Freezone Company Setup switched to either an Employee Residence Visa under a Mainland Company (including myself), went for a Golden Visa in Dubai (whenever requirements are met) or formed a new Freezone︀ Company in a cheap Emirate like Sharjah just to have UAE Residence Visa in place︁ - you can still benefit from 0% Personal Income Tax, decent Personal Banking in the︂ UAE as well as living there for some time of the year - at least︃ 5 Months per year the weather isn't too bad and the convenience of living in︄ UAE is really outstanding in terms of Delivery Services, Restaurants as well as Family Life︅ and Single Life has lot of things to offer as well.
However when it comes︆ to running an active trading Business the former very popular Dubai Freezone Company Setup became︇ quite expensive in management - due to no regulation in place you became as a︈ Freezone Company Owner a Cash Cow for all the Accounting, Audit and Bookkeeping Companies in︉ the UAE - I was told horrible prices and people are getting ripped off left︊ and right for accounting services - if you run a Business with International Clients only︋ you should be still able to get around the VAT however the 9% Corporate Tax︌ aren't nothing especially when you still have decent 0% Corporate Tax Options without Audit and︍ Accounting requirements like with 0% Tax Panama Offshore Company and you still get decent banking︎ for it - Transactional Retail banking and even the possibility to Cash Out Crypto.
Indeed.
That's why we have chosen the 0% Panama Offshore Company Setup as you can at a later stage introduce more substance with getting Panama Personal Banking which is USD based and not too bad either - Crypto On-Off-Ramping is possible and decent Brokerage for at least US Stocks is available as well.
They are working again on making the Residence Visa easier for at least most Nationalities - it's not to underrate that Panama is even more open for Visa︀ Free Travel then the UAE are - you even have Panama Visa Free Travel with︁ a Vanuatu Passport for example.
Panama Foundation law is quite interesting for Holding and Wealth︂ Management Structures as well and absolutely not a problem to bank with experienced Private Banks︃ in Switzerland - even certain UAE Banks are open for discussion with a couple of︄ Million $ in Assets and having a nexus in UAE like a Holding Company.
Users from this Forum should definitely keep an eye on this Jurisdiction and the way we︅ are leading with DLS Offshore - especially should rumors about introduction of Personal Income Tax︆ in the UAE become reality.
Lately they approve Golden Visa's again same day and the︇ Dubai Land Department Transactions are going down - potential plot twist could be to get︈ as much as possible people IN with 10 Year Golden Visa and Substance like local︉ property just to announce in 2-3 Years a Personal Income Tax with an Exit Tax.︊
So, I'll have easy access to a Panama Permanent Residency this year. If I want a crypto trading business (personal and for clients) what kind of setup is recommended for Panama? A Panama Foundation for holdings and a Panama LLC for trading? I was looking at Bybit for the crypto exchange, but wasn't sure the best banking for crypto cash out ... does Panama have decent︀ banks or are offshore banks recommended. Hopefully Panama Corporations are no problem for Bybit. I'm︁ not looking to put a lot of money into this, I'd rather get it setup︂ and grow it.
- Status