Originally posted by bambenek One wonders why you'd want something in Panama...
I would assume he is running an offshore company.
Panama only charges tax on profits made from your Panamanian customers so for US or UK businesses its a free ride
(as long as you can pay your suppliers from a bank on Panama to avoid the money coming under your own countries tax jurisdiction)
May not be related to this, but there is a demand for "offshore" hositng for all sorts of legal reasons too.
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