Certificate of incorporation in Panama

hi there, This is Mitsuo from JAPAN. My friend and I are planning to start a new business to sell products(lampshade) over the internet. My friend works in Australia but he is Japanese. I own some company in Japan so probably my partner and my friend will be shareholders. the director will be my friend. It is developing with a university in Australia collaborative research so I need to have a company somewhere. We are planning to try crowdfunding for our project in the future. I think our business sales volume is probably not big. However, Japanese and Australian taxes are very high so I'm looking for some countries that have low company taxes. I was checking many locations that have low taxes. someplace like Singapore, the upkeep of the company costs is high per year. Labuan island changes a law many times. the company needs to hire 2 local people nowadays. same as Singapore the upkeep costs are high. I used to stay in Hong Kong so it is nice but the worsening of economic conditions. Samoa, Panama, Nevis sounds nice to me but I am not sure how different between other offshore companies like BVI, Seychelles, Brunei, and the Isle of Man. I am also checking Georgia, Armenia, and Bulgaria too. I am very confused about where the best place to set up a company is. The lower costs of running a company, the better. Could you please tell me your ideas which and where is the best place to set ut a company, if you can. The lower costs of running a company, the better. Could you please tell me your ideas which and where is the best place to set up a company, if you can. I saw a person who said a company can be formed and held in Panama with the use of nominee services and becomes the company director of a Nevis LLC using corporate directors and shareholders. What do you think of this? I think I do not need to make messy for the structure but I would like to hear your ideas. Best Regards, Mitsuo