Which country is easiest to setup Economical substance like Setup office , and establish PE for foreign Entity ..
As example
If I want to create establish PE for USA LLC in Cayman Island. Like rent office etc....creating substance there and Avoid paying tax in home country....
Which is the best country for this ?
Any service provider can help you to establish PE in tax free country to avoid paying tax?
Thanks
Estonia is an easy country for establishing a branch office of a foreign company since you can do it online.
The substance is also relatively cheap.
The PE in Estonia will remain tax-free until profits are withdrawn from the PE.
Note that there are generally not too many options that would be:
1) tax-free
2) non-crs
3) easy to establish a PE
4) have no substance requirements
One country that springs to mind is Somalia, which is:
1) tax-free (well not completely as you need to pay tax if you pass certain checkpoints + there is a non-monetary tax on livestock, if you become a resident you should pay zakat)
2) non-crs
3) easy online company formation
Somali Business Registration System (SBRS)
4) no substance requirements
5) rather lax regulations
6) accounting profession is not yet established in this country so there is no need to worry about this
7) halal
8) reputable jurisdiction - not considered as non-cooperative jurisdiction for tax purposes in EU, so superior to the likes of Bahamas, British Virgin Islands, Costa Rica, and Russia
Its however, not so easy to open a PE in this country, but that's anyway a one-off hassle, so consider it as an investment in an otherwise powerful halal structure.
You can set up an Estonian company with EMI accounts, crypto wallets and payment solutions and operate through a Somalian PE, managing everything completely online.
I don't recommend Somalian banks, however. It's better to do business with crypto or process payments on behalf of the Somalian PE using other financial institutions that can be opened for a non-Somali company.
The Somalian PE can lend money/crypto to you (using halal Sharia-compliant loan agreements). This way you don't need to worry about income taxes in whatever country you have tax residence in.
However be careful, as Somalia is not the most stable jurisdiction.
Treacherous apostates are not really well welcomed over there. If you are one, it can mean the dialogue with locals can happen only through the barrel of a gun.
https://archive.org/details/2016-06...m-the-frontiers-of-glory-4-from-golis-to-lamu
Feel free to pm for assistance.
Note that by properly structuring this, we can also avoid UBO disclosures.
