How to sell ebooks international - Jurisdiction, VAT, invoicing

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valtrue

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Sep 24, 2020
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Hi,

I'd like to start selling ebooks in Europe. I'm an Europeam, I live in Portugal.

I'd like to have possibilities to setup bank accounts in variety of currencies in few countries. I don't know which country is best to incorporate a company in order to easily setup bank accounts in EU banks.
I'm considering an Cyprus or Delware company, what are your thoughts about it? Maybe you have any ideas for other jurisdictions that would be better?

One more issue that bothers me - invoices and VAT tax.
Do I have to register my company to VAT in each country I sell my products to or can I do it other way?
Do I have to issue invoice for each sale and send it to customer with my product?


To speed up my purchase process I'd like to simplify any formalities in my order form and get only an email address (to deliver my digital product) - should I change my conception and get full customer data before purchase though? Can I simplify this topic to only issue invoices on demand?
 
valtrue said:
I don't know which country is best to incorporate a company in order to easily setup bank accounts in EU banks.
Click to expand...
If you live in Portugal then Portugal.

valtrue said:
Do I have to register my company to VAT in each country I sell my products to or can I do it other way?
Click to expand...
You can do it via MOSS. Ask an accountant about it.

valtrue said:
Do I have to issue invoice for each sale and send it to customer with my product?
Click to expand...
Yes
 
I heard about MOSS, but I'm not sure about details.
I don't want to incorporate a company in home country.
Can I get customer details, issue invoice and deliver it to customer after payment?
 
valtrue said:
I heard about MOSS, but I'm not sure about details.
Click to expand...
Instead of paying VAT to each EU country separately, you submit a report on the Portuguese MOSS portal.

The portal will calculate the total amount which you will pay to the Portuguese tax office. They will then redistribute it to different EU countries for you.

valtrue said:
I don't want to incorporate a company in home country.
Click to expand...
You may incorporate a UK limited company but it will still have to pay taxes as if it were a Portuguese company.

valtrue said:
Can I get customer details, issue invoice and deliver it to customer after payment?
Click to expand...
Probably, ask a Portuguese accountant.
 
mange38 said:
Instead of paying VAT to each EU country separately, you submit a report on the Portuguese MOSS portal.

The portal will calculate the total amount which you will pay to the Portuguese tax office. They will then redistribute it to different EU countries for you.


You may incorporate a UK limited company but it will still have to pay taxes as if it were a Portuguese company.


Probably, ask a Portuguese accountant.
Click to expand...

What if I obtain UK residence and Cyprus company? Will pay taxes as UK LTD or what?
Can I register in Cyprus MOSS portal and will thet make this operation for me?
 
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