Hello Jermaine, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
My immediate reaction would be to set up a company to operate your new selling business. These days, within the EU, the UK's low Corporation Tax rate of 20% makes this country a tax haven. On any profits only tax at 20% would be levied.
Operating in the Isle of Man, the Channel Islands or even Gibraltar has its low tax rate attractions. However, operating there is big business and with local directors and compliance the costs may make the game not worth the candle. It is all right for the big boys like Amazon and Vodafone, but not cost effective for smaller schemes. At the level of involvement you propose, say $1,200,000 pa, you definitely require financial and administrative support from a local, trusted professional.
You could reduce exposure to IT by using some of you profits up to K pa to fund a private pension fund which would reduce your tax bill somewhat. Currently the limit isK pa.
I do hope that you have found my suggestions of some assistance.