Where can you set up an office for an offshore company without having to register locally?

[maybelater33]

If you ran a Seychelles or Belize company offshore company, where would you set up an office?

Reason I'm asking:

Many banks and service providers now require a physical place of operations and a utility bill such as lease agreement.

This can be easily achieved by renting a desk in a coworking space. It could cost you anywhere between $2,000-$5,000 a year.

Is Panama a good option for such an office? The company would establish a PE in Panama, but perhaps the income would be treated as foreign-sourced and not liable to tax in Panama? I am not sure if there are any registration requirements for PE's in Panama.

What about other territorial taxation countries such as Hong Kong and Singapore? Necessary to register locally? Necessary to pay tax on income received while not present in those countries and that does not derive from any of those countries?

What about UAE? (depending on activity, would possibly need to register and achieve a license)

 

[uplana]

You want to setup such in the same country as the company is registered.

The reason for this is that your bank or EMI will require substance for your company, to involve a 2nd country in your setup makes thing unnecessary complicated and may even not work for you.

 

[maybelater33]

You want to setup such in the same country as the company is registered.

The reason for this is that your bank or EMI will require substance for your company, to involve a 2nd country in your setup makes thing unnecessary complicated and may even not work for you.

If you set up a Seychelles office for a Seychelles IBC, wouldn't your income be considered locally sourced and as such subject to corporate tax? Since you are operating from within Seychelles?

 

[JustAnotherNomad]

UAE probably wouldn't be a bad option, considering that you'd usually have to pay for office space anyway.

 

[Marios]

You can also set up a Marshall Island's company with no requirement for local offices and open account with a non-EU Bank that does not require "substance"