Offshore Racks
 

Anybody know these guys?
Is Panama hosting a good thing? Pros, cons?

Typically you're going 'offshore' for a reason. Perhaps you're not asking the right question.

:2 cents:

Yes and unless their name is Assange that reason is either
1) Piracy
2) child porn
3) contraband
4) communist, nazi, islamic fundamentilist or some other form of extremism.

What could go wrong?

You have a point. As stated earlier i am asking for a non-internet friend who is in need of an offshore setup. Maybe he just needs a server anywhere but in Europe, it might not even have to be under some radar. I'll ask him again to make sure.

Not because of some shit people (notinmybackyard) suggest, but simply because he sells digital goods that are too expensive if he sells those from where he lives, especially since his market is 95% in another country than the one he lives in. He'd be a fool to pay high taxes in a place he isn't even selling anything in.

The taxes are paid in area you lived not where you do business.
Anyway i have found some hosting company in columbia,iceland,russia and other countries:
http://www.internoc24.com/ - have server in netherland,uk,france,russia.
https://www.alibabahost.com/ - france,netherland
http://www.orangewebsite.com/ - iceland servers
http://www.cinipac.com/ - singapore,colombia,malaysia,iceland,sweden,panama, hong kong,bahamas,NL.
-just a notice: they are bit pricey-