Anytime you go offshore to avoid laws, you are walking in a legal minefield. Ultimately if you attempt to circumvent US (and live/travel in the US) law, you must 1st realize that you’re playing with fire. If you do, prepare.
One could avoid the 10% reporting issue by forming a holding company that many affiliates each own less than 10% of. Then have the holding company own the idividual offshore entities. Each entity operates as an independent subsidiary/profit center. This allows the manager of each company to operate and profit based on their own work, while the holding company handles the rest.