Incorporating offshore for credit card processing

[grentysm]

I currently own a US based LLC. Credit card processing for my business is becoming difficult to find and I am looking towards an offshore processing option in Panama. Doing so requires incorporating in Panama. As the goal for the offshore incorporation is payment processing and not asset protection, what is the appropriate relationship between the two companies to get the money from the offshore company to the onshore LLC such that so as not to increase taxes, paperwork, etc beyond that of the original onshore LLC?

 

[GamingExperts]

If the goal of incorporating is to acquire payment processing then the correct location will depend entirely on the nature of your business and whether or not the local banks in the jurisdiction can and/or do provide service to that specific business model/industry


Panama is very limited when it comes to payment processing and as such it may not be the best location for your needs specifically.