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We especially recommend the Belize, Seychelles, Panama and UAE for company incorporation. They are all independent nations, have great corporate secrecy, hassle free registration procedure, no accouting requirements and zero taxation for International Business Companies. Banking facilities can be set up in the countries mentioned, or you can use a second country with known bank secrecy as Hong Kong, Switzerland or similar.
As mentioned above, we especially like Belize, Seychelles, Panama and UAE for offshore company incorporation. However if you need a Holding solution for European daughter companies, there is normally no better solution than Cyprus. EU countries normally have withholding tax for dividends paid to countries outside EU. However thanks to Cyprus being a member country of EU, no withholding tax is levied on dividends paid to Cyprus resident companies. Also, since Cyprus is an EU member, Cyprus resident companies are normally not subject to CFC regulations for EU residents. These are two of the reasons that make Cyprus companies interesting vehicles for international tax planning.
The two reasons mentioned are also valid for Maltese companies. But in our opinion, a Cyprus company is the ultimate holding entity, while a Maltese company might be interesting for trading operations thanks to the low effective corporate tax rate of ap. 5% in comparison with 10% in Cyprus. It is worth considering that the 10% corporate tax rate in Cyprus might in reality be much lower thanks to favorable regulation in regards to deductions etc. If one would choose to set up a trading company in Malta, and one is subject to CFC regulations, the best way to take advantage of the dividend payment is through a Cyprus holding company.
And for companies or individuals who trade with Asia, there is probably no better alternative than a low-key Hong Kong company.
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