If you ran a Seychelles or Belize company offshore company, where would you set up an office?
Reason I'm asking:
Many banks and service providers now require a physical place of operations and a utility bill such as lease agreement.
This can be easily achieved by renting a desk in a coworking space. It could cost you anywhere between $2,000-$5,000 a year.
Is Panama a good option for such an office? The company would establish a PE in Panama, but perhaps the income would be treated as foreign-sourced and not liable to tax in Panama? I am not sure if there are any registration requirements for PE's in Panama.
What about other territorial taxation countries such as Hong Kong and Singapore? Necessary to register locally? Necessary to pay tax on income received while not present in those countries and that does not derive from any of those countries?
What about UAE? (depending on activity, would possibly need to register and achieve a license)
Reason I'm asking:
Many banks and service providers now require a physical place of operations and a utility bill such as lease agreement.
This can be easily achieved by renting a desk in a coworking space. It could cost you anywhere between $2,000-$5,000 a year.
Is Panama a good option for such an office? The company would establish a PE in Panama, but perhaps the income would be treated as foreign-sourced and not liable to tax in Panama? I am not sure if there are any registration requirements for PE's in Panama.
What about other territorial taxation countries such as Hong Kong and Singapore? Necessary to register locally? Necessary to pay tax on income received while not present in those countries and that does not derive from any of those countries?
What about UAE? (depending on activity, would possibly need to register and achieve a license)
