
🇧🇬Bulgaria
Bulgaria EOOD
Low taxEasy tax reportingNo minimum capitalLow setup cost

🇵🇦Panama
Panama Corporation
Territorial tax frameworkPrivate beneficial-owner registerLow maintenance costNo minimum capital

🇵🇾Paraguay
Paraguay SRL
Territorial tax frameworkLow taxEasy tax reportingNo minimum capital

🇺🇸United States
Wyoming LLC
No Wyoming state income taxEasy tax reportingForeign-source income may fall outside US federal tax rulesNo minimum capital