[aceman]

Hi all,

I run a consultancy in the UK with the bulk of my income generated here and taxed accordingly. However, I do have two clients based abroad who pay directly into my Paypal account.

Since I'm planning to quite the oppressive tax regime in the UK by emigrating abroad soon I've set up a Panama foundation.

Ideally, I would like the two clients who pay by Paypal to remit directly to my offshore account but both have flatly refused (too much hassle on their part).

I would like to build up a small fund in the account before emigrating but completely stuck on how to move the funds from my Paypal account to the offshore account.

And, before I'm judged I DO pay tax on the bulk of my income. These two clients are not in the UK.

Anyone got any bright ideas?

[slogold]

as far as i know you can not transfer funds form paypal to offshore account

[OKCOMPUTERMAN]

avoid payapl at all cost,they often limit your account then ask tons of documents.

[slogold]

Originally Posted by OKCOMPUTERMAN

avoid payapl at all cost,they often limit your account then ask tons of documents.

correct, this is why it is important not to keep any money in your paypal

[aceman]

Thanks. Looks like I will need to find another way of topping up my offshore account.