You can also use the so-called tax havens.
In general, a tax haven is a country where taxes are either levied at a low rate or none at all. Well-known examples of tax havens are Panama, Belize, the Seychelles, the Cayman Islands, the Isle of Man and Hong Kong. Very often such areas are also referred to as offshore companies, with companies registered in these jurisdictions being referred to as offshore companies.
An offshore corporation is a corporation that is formed to operate and conduct business outside of the jurisdiction in which it is formally incorporated, as well as outside (or outside) the residence of its directors, shareholders and beneficial owners, which may be in certain jurisdictions be critical to tax planning. Typically, an offshore company is formed to obtain certain legal or tax advantages, to accommodate a certain corporate structure or to protect the confidentiality of the beneficial owner and / or asset holder.
It is widely recognised that in the modern, dynamic business environment, with most countries collaborating to create an intergovernmental tax-monitoring system, it is becoming more and more difficult to achieve your corporate and personal goals. Tax havens provide the perfect environment and the right tools to create a unique, functional corporate structure that suits your needs.