Originally Posted by Aggressor

I would say Netherlands. Dutch legal system offers variety of flexible corporate structures and forms, ways to optimize your taxes and secure your business operations. We are in the process of creation of a company right now. Most of the average foreign investors go for B.V. which stands for Besloten Vennootschap which is actually equivalent of Closed Joint-Stock Company. You can PM me if you are seriously interested and I'll give you contacts of reliable lawyer, who specializes in opening companies, which operate in this industry.
Best regards.