Nevis Holding Company

As soon as you have a holding company located in a tax haven, things become very complicated for the subsidiary companies. Banks today are so cautious that the slightest indication of tax evasion scares them off, and they'll decline your application.

The exception is if you have millions and a small army of lawyers and accountants you bring to a bank to explain with 100% transparency what your business is about and why you chose to place your company, for example, in Nevis!

Things have become very difficult today, unfortunately. The world and the financial realm don't look at all like they did just 5 years ago. Tax authorities worldwide have started to work closely together and infiltrate the vast banking and financial networks that exist.

So, what can you do? I would suggest contacting someone like the users D and looking around, as there are also opportunities in Cyprus that might still be viable. With the right contacts, you can indeed open a bank account in Cyprus as long as your business is transparent.

However, this requires you to have some sort of business plan and some funds to deposit into the bank account, even in Cyprus. No bank is interested in opening "empty" accounts anymore.

Not if you live in a territorial tax location

In Thailand they closed one of the loop holes (deferred remittance) but you can still operate the company (with or without substance) as long as you don't have touch points in the country and have tax only based on personal remittance.

Utilize stable coins for corporate treasury opposed to banking rails and use a banking rails as a pass through process for payments of services / operations.

You'll then have less issues.

If you are in Europe etc though not a chance - better to bring the entity onshore for most people and pay domestic taxes