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Offshore company - bank account opening

The question is, is it worth stepping in the "Infernal alliance" as a non-EU citizen?

It makes sense for EU citizen to go to Malta/Cyprus etc but for a non-EU it's more difficult to get residency and you get all the bulls**t that comes with it like safe-passes, soon digital ID and whatnot.

I know Fred feels strongly against it, curious to know your thoughts.
You don’t need to be a EU citizen to setup a EU company and take advantage of a reasonable tax rate. But you can also consider the Balkan area.