Hello guys,
I ask you help to understand where I can open my offshore company.
I am solo entrepreneur, Italian citizen and resident in Thailand (paying taxes in Thailand).
I want to open a company that will sell my digital marketing services and resell a private labeled CRM Saas software. All my clients are in Italy or Switzerland. My revenue is about 35.000 to 100.000 euro per year.
These are the criteria I am looking for:
- 0% profit corporate tax (and the lowest possible cost in general);
- Country must be EU Europe Cleared list (no black no grey list);
- Banking, I have to be able to receive bank transfer on an EUROPEAN IBAN and I have to have a Stripe account.
The countries I am considering are:
- USA: Wyoming or Delaware (most people say Wyoming)
- UAE (but quite expensive)
I would appreciate also if you can share services you used to set up company and also give a feedback.
UAE have introduced corporate tax at 9% on profits above 300,000 AED. UAE is also on the FATF grey list
An offshore company can cost $1k-$2k a year in admin fees and a offshore bank account will usually require a balance of $25k-$100k and have monthly fees if $50-$100. Which is why it’s usualy only worth it once you are in the six figure profit stage