There are several countries and regions that are considered popular destinations for setting up shell companies to reduce corporate tax burdens. Here are some examples: 1. **Bahamas**: The Bahamas is known for its zero tax policy and lack of taxation on foreign investment income. It is a popular destination for registering offshore companies, including shell companies. 2. **British Virgin Islands**: The British Virgin Islands is a center for offshore finance, offering zero taxation, confidentiality, and limited regulation. Many companies use it as a place to register shell companies. 3. **Cayman Islands**: The Cayman Islands is known for its financial services, including registering shell companies. It has a zero tax policy and limited taxation on foreign investment income. 4. **Bermuda**: Bermuda is a small island country with a zero tax policy and lack of taxation on foreign investment income. It is a popular destination for registering offshore companies, including shell companies. 5. **Isle of Man**: The Isle of Man is a British Crown dependency with a low tax policy, including zero taxation on foreign investment income. It is a popular destination for registering offshore companies, including shell companies. 6. **Guernsey**: Guernsey is a British Crown dependency with a low tax policy, including zero tax on foreign investment income. It is a popular destination for offshore companies, including shell companies. 7. **Jersey**: Jersey is a British Crown dependency with a low tax policy, including zero tax on foreign investment income. It is a popular destination for offshore companies, including shell companies. 8. **Singapore**: Although Singapore is not a traditional offshore financial center, it has a favorable tax system, including low or zero tax on certain types of income. It is a popular destination for offshore companies, including shell companies. 9. **Hong Kong**: Hong Kong has a favorable tax system, including low or zero tax on certain types of income. It is a popular destination for offshore companies, including shell companies. 10. **Cyprus**: Cyprus has a favorable tax system, including low or zero tax on foreign investment income. It is a popular destination for offshore companies, including shell companies. 11. **Ireland**: Ireland has a low tax policy, including a 12.5% tax rate on certain types of income. While not as low as other countries, Ireland remains a popular destination for offshore companies, including shell companies, due to its favorable business environment. 12. **Luxembourg**: Luxembourg has a favorable tax system, including low or zero tax on certain types of income. It is a popular destination for offshore companies, including shell companies. Please note that the specific tax laws and regulations of each jurisdiction may vary, and it is always best to consult a qualified tax professional or attorney to ensure compliance with all relevant laws and regulations. In addition, it needs to be recognized that shell companies and offshore financial centers have been the subject of international attention and scrutiny for their potential abuse. International efforts to address tax inequality and ensure that multinational companies pay their fair share of taxes continue to evolve. Some notable initiatives include: * The Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) initiative * EU action on tax avoidance and evasion * US taxation of foreign investment income It is therefore extremely important to understand and comply with the requirements of tax laws and regulations, and any company or individual should always seek professional advice when considering setting up a shell company or offshore investment scheme.