Best Offshore Location for Easy Remittance of Funds (In/Out)

[Rain]

I'm in High Seas Trade and International Trading Business.

Which country would be the best for setting up a company for ease of Remittance of Funds (In/Out of the country) for Commercial Transactions without any tax implications.

I've researched some countries like HK, Singapore, Estonia, Georgia? Any ideas in which country would it be easy to open a Business Bank Account and easy to remit funds in and out for my Business Transactions.

Thanks alot!

 

[Rain]

Or Can I open an offshore business bank account for my existing company in a country with zero tax implications?

 

[Luigi]

What do you mean with zero tax implication? You mean transaction fee, VAT, tax on profit?

 

[Rain]

Basically, by zero tax implications I mean that for the funds I receive and send for my trading business, I won't be taxed on that. Similar to what they have in the UAE free zones.

 

[Rain]

Till now, I've seen that Georgia has free trade zones and a similar policy to the UAE, where goods not coming into the country are not taxed, 0% income tax, etc. Any other good places that could suit an international trading business like mine

 

[Rain]

Any suggestions guys?

 

[Luigi]

There are more implications, for example where you reside.

 

[Rain]

Reside in the UAE. Non-US citizen. Already have a company setup in the UAE since the past decade. Looking for a similar jurisdiction for expansion of my trading business.

 

[Luigi]

Rain said:
Reside in the UAE. Non-US citizen. Already have a company setup in the UAE since the past decade. Looking for a similar jurisdiction for expansion of my trading business.
Click to expand...

I really don't see the point of moving to another jurisdiction, you've already got one that has 0 taxes. I'm very jealous of you as I love Dubai!

 

[Rain]

Well, I wasn't planning to move out but I believe you should always have a backup jurisdiction. Dubai is good but obviously just like any other place it has its pros and cons. Luigi, is there any other jurisdiction you would recommend for an international trading business like mine? Estonia, Georgia, HK? Anything comes to your mind? Somewhere where I can either open a business banking account for my existing UAE Company or where I could open up another company for my business

 

[diablo]

What about a Cyprus non resident Company! No tax to be paid at all only if you take out the money for private spendings tax apply locally.