I'm trying to plan my taxes better and since I come from high taxation northern Europe country, I've been looking into offshore businesses. Couple of things I would like to discuss with people in the same situation or with people who already have done all this successfully. 1) What would be the best country to form offshore business, if we ignore small price differences and think more about legal advantages and nature of online business? Or does this even matter? 2) Nominee shareholder(s)/director(s) - what is your opinion, is this necessary? If so, in what cases? 3) If you already had income and local business - how did you 'transfer' your income to offshore company without making it look like tax evasion? In that case is it necessary to use nominee directors/shareholders? 4) Maybe the biggest problem, how about personal income tax? Even if and when you get corporate tax exemption, don't have to do accounting, have bank account in Switzerland and everything sounds good - but the moment you take money for yourself from the company you are taxable in somewhere, right? US citizen are taxable from worldwide income, for me it's not like that. I don't have to pay taxes for income coming offshore, if I'm not living in my home country (Which I'm not - Thailand FTW). But I need to pay it somewhere, and it would be Thailand at the moment. And if I go back to my home country with a lot of money, there might be a problem if I can't show that I have paid taxes for that money at somewhere. So is there a legal way to handle personal income so you don't have to pay too much taxes? I really would like to find legal ways, but I'm all ears about not-so-legal ideas also. 5) Any services you have personally dealt with who can give advice and/or handle the registration process? If self-promoting please mention that also. 6) How about paypal? Did you have any problems opening PP account for your offshore company?