Ideas Business Setup

Morpheus

OLAF
Staff member
Blessed by JohnnyDoe
Jun 6, 2025
15
20
3
Hi guys, I hope you have any input for me, I’ll try to describe my situation, grateful for any input!

Current situation:
- Living in the Caribbean
- Setup all in Dubai
- receive money in wires between 3 & 10k€ from clients within Europe or from UAE

Want to change my setup / or at least built up a second setup, in case Dubai gets worse (currently works perfect for me but there are so many changes nowadays, especially in Dubai … you never know).

Only looking for business formation + business bank that runs smooth and won’t be frozen every couple of weeks or months, not privat bank accounts, there I am fine.
——
Residency will be Paraguay, wanna do this like forever but it feels useless before I have a clear idea where my business will operate, so I keep postponing this for … 6-9 months now.
——-
I set up 2 LLCs, unfortunately basically all Banks/Emis got denied, so not an option.
——
Looking for a destination with no/territorial income tax + tax excempt for services fully performed outside of the country or a very low VAT. Ideally not the most complex tax filing requirements on earth.
——
I saw Panama offer in a different forum and was about to do it but reviews were not that great so I stepped back, even though it sounds exactly like what I would need, but also don’t wanna „burn“ 7-8k$.
——
Setup does not have to be CRS/OECD safe, that’s fine.

Any idea? Any questions?
Oh and having a European passport.

Thank you in advance guys!
 
If you fix the LLC (US I guess) issue you will be good.
If you got rejected by banks it’s either because:
a. Your business is not acceptable. Solution: use a front.
b. The LLC is not properly setup or presented. Solution: review it and make it good for banks.
 

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