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Opening a company in many locations doesn't even require a trip. A non-resident can open a UK legally limited liability company, for example, with no trip and
by zhte415 11y ago
Opening a company in many locations doesn't even require a trip. A non-resident can open a UK legally limited liability company, for example, with no trip and a single director (yourself).
What's a pain is the anti-money-laundering and related legislation related to banking. Now, that only requires you to show your face once to a customer relationship manager, but it needs to be in-person across the world.
I recommend first researching banking options, and can you, or example, check with once of your local branches of a bank with a large global network, someone like Citi, HSBC, Standard Chartered, something along the lines "I plan to open a company in XXX country, can I do the KYC with you in my home country?"
Now, the answer may be a bit technical, as there are various risk codes that should be aligned between relationship manager and location of customer (you). So try it with a few options. If a UK company doesn't work because you're in central/south America, try an Argentine or whatever nearer location in the same global region. Banks tend to split geographical location into North America, Latin America, Europe/Middle East/Africa, and Asia Pacific, but actual boundaries tend to vary a bit between institution. too. If you already have an account with such a bank, that may make the in-person KYC unnecessary too.
I'd recommend a country with a favourable tax regime, and a strong connection to your country, meaning you'd be less likely to having any fund transfer stopped (because of less red flags, again from banking policy).