Good day to all, I want to invest my money in developing projects. Any suggestions?
There are several jurisdictions that may meet the requirements you have outlined for your offshore company. Some popular choices for tax planning and compliance include Bermuda, the British Virgin Islands, and the Cayman Islands. These jurisdictions typically have low or zero corporate tax rates
and allow for flexible corporate structures.
In terms of opening bank and crypto exchange accounts under the company's name, it's important to note that banks and exchanges have their own compliance requirements and may not accept certain types of companies or from certain jurisdictions. It's best to research and contact specific banks and exchanges to see if they would be willing to open accounts for your company.
It's also important to note that even though you are operating your business outside of a CFC jurisdiction, you may still be subject to tax laws and regulations in the country where you reside. You should consult with a tax advisor or attorney to ensure compliance with all applicable laws.
Some specific suggestion would be:
Incorporate a company in Bermuda, as they have 0% corp tax and 0% tax for profit distribution.
Open a bank account with a reputable bank like HSBC, they have a significant presence in Bermuda and are able to open bank account for companies.
Open a crypto exchange account with Binance, they have a good reputation and accepts companies registration.
Please note that this is not a legal or tax advice, you should consult with a professional in your jurisdiction before making any decision.