The United States is, from a tax point of view, most unattractive. Canada is more attractive for new residents, but on the whole unattractive long-term. Peru now has a programme offering citizenship to new residents at a modest fee. However, it is now possible to obtain citizenship and a passport in British Commonwealth countries such as Dominica and Grenada. Certain royalty and loan agreements require approval.
Exchange controls affect large transactions.
Books must be kept in Ringgit - a currency which has not always been stable. Singapore may be considered as an alternative. However, the Malaysian business environment and company law, while not ideal, is acceptable. There is no tax on capital gains. But dividends paid out of untaxed income give rise to a tax charge at the corporate tax rate.