Quote:
Originally Posted by GreyWolf
BigFire:
Off the cuff - an instant thought would be to have a Gibraltar corp which is owned by a Panama corp. Times are changing in Gib, but with the correct tools in place, this makes little difference when you have "facilities" to play with. Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements.
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That sounds good, but why waste time with a Gibraltar corp in that setup? You could have a UK corporation, with European directors, that has the merchant account, and then transfer the profits to the Panama corp. Or better yet, if the merchant account provider allows, you could have the settlements sent directly to a Panamanian bank.
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