Offshore World in 2025
The Problem
After Dubai and the UAE introduced 9% Corporate Tax - in a very questionable and unclear way – I was looking for an alternative Company Setup with 0% Corporate Tax, No Audit and No Accounting requirements and at the same time getting NON-CRS Banking with proper Transactional Retail Banks including a Crypto Cash Out Scheme - designed especially for the OffshoreCorpTalk Users - done.
As we know there are still some 0% Corporate Tax Jurisdictions available however almost all of them are small coconut islands without the possibility of any transactional retail banking – therefore I started to look into Panama which was discussed here on OffshoreCorpTalk in the past from time to time.
I based myself in 2024 for 3 Months in Panama to see what the Country has to offer in terms of Banking – long story short - the Banking in Panama is ineffective, expensive and the compliance is not only horrible but has no proper compliance in place in a way that even when you provide all requested supported Documents the Bank asked for – the Questions just start again from the very beginning and you are kept in a never ending loop.
Obviously for every Problem there is a solution and in Panama the solution to get Banking for no matter what Business Activity is throwing money around – if you are willing to invest with a Bank 200,000-300,000 USD - they roll out the red carpet for you and the Compliance is basically no longer existing – still it takes weeks if not months to open Panama Business Bank Account.
Old School Offshore Banking like what you can find in The Bahamas, Mauritius or other small Caribbean Islands like Nevis, Antigua Barbuda or even worse Belize are definitely not an option. The reason for this is simply because the whole point of DLS is since the very beginning to provide transactional Retail Banking for 0% Corporate Tax Offshore Companies and not going with small Islands Banks lacking Correspondent Banking as well as asking tons of documents for literally every single Transaction.
The Solution
I did spend the last year with navigating through the Offshore Banking Sector to make transactional Business Banking for Panama Companies possible with High Street Banks like DBS Bank Hong Kong, OCBC Hong Kong and CITIBANK Hong Kong as well as having backup possibilities in the UK.
Cooperation and Introducer Agreements have been setup to make the Compliance and Onboarding Process on behalf of the client and streamline the entire process of Account Opening so that it’s even possible to provide a service I am able to offer on a commercial scale here on OffshoreCorpTalk.
In terms of Personal Residence there was in the past always a lot and I mean really a lot of discussion here in the forum about Dubai, the UAE, the desert, driving with a Lambo to the Mall etc.
Panama Offshore Company with Hong Kong Bank Account provided by DLS Offshore is unrelated from your Personal Residence, you can live in a 0% Tax Residence Jurisdiction like the UAE, Bahamas, Bahrain etc. or in a Territorial Tax Country like Malaysia, Thailand etc. OR you are having no clear Tax Residence / Residence in place at all like a lot of so called Digital Nomads doing nowadays living on Bali.
However, if you want to have your Personal Tax Residence clear and sorted with 0% Tax Residence, proper Residence Visa, local ID Card as well as Utility Bills and Personal Bank Accounts DLS Offshore is able to provide you Dubai 0% Tax Residence by Employment.
The Problem
After Dubai and the UAE introduced 9% Corporate Tax - in a very questionable and unclear way – I was looking for an alternative Company Setup with 0% Corporate Tax, No Audit and No Accounting requirements and at the same time getting NON-CRS Banking with proper Transactional Retail Banks including a Crypto Cash Out Scheme - designed especially for the OffshoreCorpTalk Users - done.
As we know there are still some 0% Corporate Tax Jurisdictions available however almost all of them are small coconut islands without the possibility of any transactional retail banking – therefore I started to look into Panama which was discussed here on OffshoreCorpTalk in the past from time to time.
I based myself in 2024 for 3 Months in Panama to see what the Country has to offer in terms of Banking – long story short - the Banking in Panama is ineffective, expensive and the compliance is not only horrible but has no proper compliance in place in a way that even when you provide all requested supported Documents the Bank asked for – the Questions just start again from the very beginning and you are kept in a never ending loop.
Obviously for every Problem there is a solution and in Panama the solution to get Banking for no matter what Business Activity is throwing money around – if you are willing to invest with a Bank 200,000-300,000 USD - they roll out the red carpet for you and the Compliance is basically no longer existing – still it takes weeks if not months to open Panama Business Bank Account.
Old School Offshore Banking like what you can find in The Bahamas, Mauritius or other small Caribbean Islands like Nevis, Antigua Barbuda or even worse Belize are definitely not an option. The reason for this is simply because the whole point of DLS is since the very beginning to provide transactional Retail Banking for 0% Corporate Tax Offshore Companies and not going with small Islands Banks lacking Correspondent Banking as well as asking tons of documents for literally every single Transaction.
The Solution
I did spend the last year with navigating through the Offshore Banking Sector to make transactional Business Banking for Panama Companies possible with High Street Banks like DBS Bank Hong Kong, OCBC Hong Kong and CITIBANK Hong Kong as well as having backup possibilities in the UK.
Cooperation and Introducer Agreements have been setup to make the Compliance and Onboarding Process on behalf of the client and streamline the entire process of Account Opening so that it’s even possible to provide a service I am able to offer on a commercial scale here on OffshoreCorpTalk.
In terms of Personal Residence there was in the past always a lot and I mean really a lot of discussion here in the forum about Dubai, the UAE, the desert, driving with a Lambo to the Mall etc.
Panama Offshore Company with Hong Kong Bank Account provided by DLS Offshore is unrelated from your Personal Residence, you can live in a 0% Tax Residence Jurisdiction like the UAE, Bahamas, Bahrain etc. or in a Territorial Tax Country like Malaysia, Thailand etc. OR you are having no clear Tax Residence / Residence in place at all like a lot of so called Digital Nomads doing nowadays living on Bali.
However, if you want to have your Personal Tax Residence clear and sorted with 0% Tax Residence, proper Residence Visa, local ID Card as well as Utility Bills and Personal Bank Accounts DLS Offshore is able to provide you Dubai 0% Tax Residence by Employment.
