Originally Posted by sperbonzo

If you based in the elsewhere, e.g. The US, then being incorporated in the UK can make sense in order to be in compliance with cross border acquiring regulations and do your processing with an EU bank. On the other hand if you are based in the UK to start with then Panama makes sense. However, if you are processing through an EU bank then you will need to retain your UK entity and then sweep the funds to your Panamanian entity as the Ultimate Benificial Owner.

In any event, if you reside in the UK and bring funds into the country to spend them, you will be liable for taxes owing on them. The only way to truly avoid, (not evade), your tax exposure is to change your residence to another country with a lower tax rate for externally earned revenues.


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