Check out Nomad Capitalist (<a href="http:&#x2F;&#x2F;nomadcapitalist.com" rel="nofollow">http:&#x2F;&#x2F;nomadcapitalist.com</a>) and Streber (<a href="https:&#x2F;&#x2F;www.streber.st" rel="nofollow">https:&#x2F;&#x2F;www.streber.st</a>) for some good information on companies doing this.<p>Two relevant points from my research &#x2F; understanding:
1) Most jurisdictions either need or like some degree of physical presence, either a client or their agent. It&#x27;s not a simple 100% online solution, especially if a bank account is required.<p>2) There&#x27;s a big difference between multi-nationals who can properly avoid taxes this way, and individuals and small businesses who get trapped by Residency (and, for the US and Eritrea, Citizenship) requirements. For someone in The US, UK, Australia, much of Europe etc, it&#x27;s not as simple as running revenue through an offshore company and account to legally avoid tax. Your country of residency will generally consider that a &#x27;Controlled Foreign Company&#x27; (CFC) and tax you <i>as if</i> it were a local company anyway.<p>My possible future plans, for example, would require moving my family to another country before I&#x27;d actually benefit from any tax reduction.