Offshore Corp for Staking

[Wellington]

Anyone considered the best offshore corp location for on-chain staking?

Have considered Lebuan, would prefer to not be a shady location, but am considering (would be a subsidiary) of withdrawing 50-100k a year from staking returns which in return will be paid out as salaries.

Ideally different location to the main corporate set up.

Would need hassle free renewals (not expensive) and with easy banking establishment (international bank transfer).

 

[uplana]

If you setup the company in Lebuan, how would you find reliable banking for it?‌

 

[Wellington]

Malaysian Banking.

 

[gatrader]

How to open a Malesyan bank acc?

 

[pfser]

The idea of hassle-free banking in Labuan seems to me too good to be true.
Do you plan to pay out salaries in fiat?

 

[zen12345]

Are you aware of any crypto-friendly banks in Lebuan/Malay?

 

[Wellington]

Stake, dividence payment annual.

Malaysia is quite open, but can open banks regionally without issue.

 

[zen12345]

You mean "but can't open banks regionally without issue"?

 

[Wellington]

No, it's easy to open banks in Asia, either on the Western rails or Asian‌ (Chinese) rails.

KYC/AML/CRS is carried out automatically apart from a few high risk nations, and‍ you'd normally have the account, card, etc ready by the time you leave the bank.⁠

Government organised 4 accounts in different currencies via one of their partner banks for me⁤ previously (personal - EUR, HKD, SGD, Local) and 2 Commercial accounts with another banking partner⁣ (EUR/Local) on a former company.

I've never heard of issues banking in Asia (unless perhaps⁢ American = no one wants to deal with them).

 

[zen12345]

Cool! Are there any banks in particular in Malay/Lebuan you can recommend?

 

[369]

Are you talking about lebuan or labuan ?
Because from what i know lebuan =‌ indonesia and labuan = malaysia
About Labuan i was also considering opening a foundation there‍ and there is not much negative you can say about the location.
Many big asian⁠ coprs are using it.
Also very save during recession.