Yup, that's it. So after 3 years 1. I will save a lot of money, and 2. become liable for tax personally, but not the UK LLP.I checked it's basically the same as Panama and HK set up. Any funds derived from a DR client or a DR bank account is taxable. You can run your business from DR but you can not have DR clients.
On another note, I was looking into the option of forming my new UK LLP with my UK LTD as a partner - But, wouldn't that make the LLP liable for tax in the UK since my partner, the LTD company, is considered a UK resident?