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I am not very knowledgeable on this subject, but I recently learned a few nuances about offshore companies. It is best to set up such companies in Asia. The laws there are probably more forgiving than in Europe. Onshore is probably the usual companies with jurisdiction. Here is a good talk about <a href="https://yourtaxadvice.com/offers/company-formation-in-ajman-free-zone/">Ajman free zone company formation</a> . Read it, you will understand some of it.