offshore company + banking solution for trading crypto with my own funds.

[thaiste]

Hi,

I would like any advice on forming an offshore company + banking/EMI solution for trading crypto with my own funds. As I understand it, a license would not be required as I'm only trading for myself with my own funds.



I'm a UK passport holder, living in Thailand for many years, trading crypto to fund my lifestyle. My tax residency is unclear, technically tax resident in Thailand but am not working here and don't have a Thai tax code.



My aim is to trade under an offshore company name and continue to live in Thailand.

(not receiving a salary or dividends until I have dealt with my tax residency issue or maybe a small salary, paying a little tax.)



I don't really want to relocate Dubai or anywhere else if it can be can avoided.



What jurisdictions would this be possible? I see Hong Kong and Panama company formations talked about a bit around here recently, but then what about banking?



Is this even possible for my situation? I've seen similar posts regarding this subject but not any solutions that don't required relocating.



Are there any trusted service providers here that could help provide me with a solution?



Please feel free to share any comments, questions or ideas.



Thank you in advance.

 

[drphantom]

@Fred and @Gediminas have some cool and cheap solutions.



@MichaelUniq if you need something total anonymous.

 

[Protect Your Wealth]

You don't need to relocate in Dubai specifically, you only have to re-enter the country every 6 months to keep the Visa active (unless you have a Golden Visa).

You don't even need to establish a company in Dubai, potentially you can use the Remote work permit with a sponsorship to get your Emirates ID.



You may be requested to show a Proof of Residence to the UK or a proof of Address, we can provide that to you together with different Visas for Dubai.



Dubai is not the only choice you have, feel free to reach out if you need some info on your current tax residency situation and how to sort it.

 

[uplana]

Protect Your Wealth said:






Dubai is not the only choice you have, feel free to reach out if you need some info on your current tax residency situation and how to sort it.

Click to expand...

Can you help us to understand what other options we may have in this thread please?

 

[Fred]

@thaiste basically what you are looking for is to get a proper structure for your Banking and Finance needs + eventually getting some kind of Asset Protection Vehicle with a Company which separates you as an Individual.



You mentioned it already yourself that your Personal Tax Residence Situation is not clear structured which I don't see as a big deal in terms of Bureaucracy or some kind of Tax / Law Enforcement as you are living in miss-managed South East Asia anyway.



You need to ask yourself beside of what you have mentioned already what do you want?



Do you want to achieve 0% Corporate Tax without any Audit or Accounting requirements in combination with reliable Offshore Banking in Asia? If so, this can be achieved with the 0% Tax Panama Offshore Company Setup in Combination with a Hong Kong Business Bank Account - you can pay for your living expenses using the Business Bank Account Debit Card for Example and to open the Panama Company and Hong Kong Business Bank Account we can build you a Dubai Residence without you having to fly over to the UAE.



From my understanding your Business Activities don't require a Company within the EU for Compliance or Business Dealing reasons. If your Business allows you to avoid Europe I would always do so and if you look outside Europe I would definitely look to achieve a 0% Tax Structure with the possibilities you have.



To me a Setup with 9% Corporate Tax in Dubai, 15% Corporate Tax in Hong Kon or even 3% Corporate Tax in Labuan makes only sense if you either live in the Jurisdiction or you are required for Business Reasons to be incorporated in a Particular Jurisdiction.



We just served a client living in Dubai for Personal Convenience having a Labuan Company for Business Reasons who did want to conduct his Crypto Trading Activities under a separate Entity separated from him as an Individual living in Dubai and his Business in Labuan.



In my personal opinion someone like you is living in Thailand for Freedom and Personal Convenience so I guess it's rather the Audit and Accounting Requirements you want to avoid rather then Taxes.



Audit and Accounting can have it's Benefits as well however as of now in 2025 we have never seen a major Bank rejecting a wealthy client because of not having audited Accounts in place and if you need them you can always get them for a few bucks in Panama and UAE with a big and wide space for interpretation.

 

[Meta]

thaiste said:






My aim is to trade under an offshore company name and continue to live in Thailand.

(not receiving a salary or dividends until I have dealt with my tax residency issue or maybe a small salary, paying a little tax.)

Click to expand...

Hi. Why do you need that? As far as I understand you don't pay any tax now, don't report anything and Thai authorities don't hassle you. What do you want more?

 

[thaiste]

Meta said:






Hi. Why do you need that? As far as I understand you don't pay any tax now, don't report anything and Thai authorities don't hassle you. What do you want more?

Click to expand...

I just want to be able to trade crypto legally and have proof of my income so I can relax and do as I please with it.



I used P2P services on Binance to get money into my Thai bank account, but recently Binance has stopped it here as they have partnered with a Thai company and now have Binance.TH a fully regulated exchange which doesn't have p2p services or allow trading futures, just trading spot and then there is the tax implications.



So now things are getting more difficult here, the net is closing in. I would like to get on top of it sooner rather than later.

 

[thaiste]

Fred said:






@thaiste basically what you are looking for is to get a proper structure for your Banking and Finance needs + eventually getting some kind of Asset Protection Vehicle with a Company which separates you as an Individual.



You mentioned it already yourself that your Personal Tax Residence Situation is not clear structured which I don't see as a big deal in terms of Bureaucracy or some kind of Tax / Law Enforcement as you are living in miss-managed South East Asia anyway.



You need to ask yourself beside of what you have mentioned already what do you want?



Do you want to achieve 0% Corporate Tax without any Audit or Accounting requirements in combination with reliable Offshore Banking in Asia? If so, this can be achieved with the 0% Tax Panama Offshore Company Setup in Combination with a Hong Kong Business Bank Account - you can pay for your living expenses using the Business Bank Account Debit Card for Example and to open the Panama Company and Hong Kong Business Bank Account we can build you a Dubai Residence without you having to fly over to the UAE.



From my understanding your Business Activities don't require a Company within the EU for Compliance or Business Dealing reasons. If your Business allows you to avoid Europe I would always do so and if you look outside Europe I would definitely look to achieve a 0% Tax Structure with the possibilities you have.



To me a Setup with 9% Corporate Tax in Dubai, 15% Corporate Tax in Hong Kon or even 3% Corporate Tax in Labuan makes only sense if you either live in the Jurisdiction or you are required for Business Reasons to be incorporated in a Particular Jurisdiction.



We just served a client living in Dubai for Personal Convenience having a Labuan Company for Business Reasons who did want to conduct his Crypto Trading Activities under a separate Entity separated from him as an Individual living in Dubai and his Business in Labuan.



In my personal opinion someone like you is living in Thailand for Freedom and Personal Convenience so I guess it's rather the Audit and Accounting Requirements you want to avoid rather then Taxes.



Audit and Accounting can have it's Benefits as well however as of now in 2025 we have never seen a major Bank rejecting a wealthy client because of not having audited Accounts in place and if you need them you can always get them for a few bucks in Panama and UAE with a big and wide space for interpretation.

Click to expand...

Hi Fred,

I have made some enquiries about your setup in your thread, I have a few questions there if you could please reply.






T





Premium Advertising Partner

Post in thread '0% Tax PANAMA Offshore Company & 0% Tax Dubai Residence with NON-CRS Bank Account & Crypto Off-Ramp - DLS Offshore'



May 20, 2025





Hi Fred,

I am interested in the Panama company option without Dubai residency. Right now, I am living in Asia as a digital nomad and trade crypto for a living.

This looks like a perfect solution for my situation.











Fred said:






The 0% Tax Panama Offshore Company is a Tax Neutral Vehicle without any Accounting or Audit requirements and due to the DLS Offshore expertise in the Crypto Market as well as having strong Banking Relationships you are able to get a 0% Tax Offshore Company with Crypto Exchange Account as well as transactional retail Banking for your Crypto Company.

Click to expand...



As you are offering a...

• 
  thaiste
  

Thank you

 

[Meta]

thaiste said:






I just want to be able to trade crypto legally and have proof of my income so I can relax and do as I please with it.



I used P2P services on Binance to get money into my Thai bank account, but recently Binance has stopped it here as they have partnered with a Thai company and now have Binance.TH a fully regulated exchange which doesn't have p2p services or allow trading futures, just trading spot and then there is the tax implications.



So now things are getting more difficult here, the net is closing in. I would like to get on top of it sooner rather than later.

Click to expand...

I see. Using local exchanges indeed may create tax obligations for you, but you can sell your coins on international exchanges (Coinbase, Kraken, Bitstamp etc) and send profits to some not-Thai personal bank account. Non-remitted profits are not taxed. Pretty much the same as you want to do with a company - not remit profits.



If you register an offshore company, it does not make your situation more legal. You being sole officer creates Permanent Establishment in Thailand and technically the company must be taxed in Thailand. Nobody enforces that, but we are talking about "legally".

Though if you have a company you have better "source of funds" documents later. Profit and loss report, some "decision to distribute dividends" docs. I see. It makes some sense.



If you really want to get into Thailand tax system, check if you have received some interest on your bank account. Even a token amount is enough, it's Thai-sourced income and you can use that to register with tax authorities, get TIN, claim tax residency etc. You can do that without work permit and then file tax returns. I'm really not sure if it's worth it in your case. Good luck anyway.

 

[Fred]

thaiste said:






Hi Fred,

I have made some enquiries about your setup in your thread, I have a few questions there if you could please reply.






T





Premium Advertising Partner

Post in thread '0% Tax PANAMA Offshore Company & 0% Tax Dubai Residence with NON-CRS Bank Account & Crypto Off-Ramp - DLS Offshore'



May 20, 2025





Hi Fred,

I am interested in the Panama company option without Dubai residency. Right now, I am living in Asia as a digital nomad and trade crypto for a living.

This looks like a perfect solution for my situation.











Fred said:






The 0% Tax Panama Offshore Company is a Tax Neutral Vehicle without any Accounting or Audit requirements and due to the DLS Offshore expertise in the Crypto Market as well as having strong Banking Relationships you are able to get a 0% Tax Offshore Company with Crypto Exchange Account as well as transactional retail Banking for your Crypto Company.

Click to expand...



As you are offering a...

• 
  thaiste
  

Thank you

Click to expand...

Getting back today on all - we got overwhelmed by the demand for our service.



Thank you for your patience!