Stripe Atlas Delaware Company ?

[JonnyStekkino]

In the last months I'm fighting with companies formations, banks, payment gateways to find a solution to use Stripe while moving my residency out of EU (Italy).

And since Stripe accepts only companies with persons residency in EU and few other countries, I've come across this dilemma:

- Found out Stripe Atlas: Starten Sie ein Unternehmen mit unserem Start-up-Toolkit which seems pretty interesting being incorporated directly by Stripe they should allow you to use it also if not a resident.

- Otherwise giving 50% of the shares of the company to a resident of Italy for an Estonia or UK company.


Which solutions you guys think is better? and any toughts about Stripe Atlas?

 

[fshore]

Stripe don't require you to be resident in the EU, but in one of the countries that they operate, including Hong Kong, Singapore, UAE etc etc.
Stripe Atlas gives you a US taxed corporation only (no LLC anymore).

 

[JonnyStekkino]

fshore said:
Stripe don't require you to be resident in the EU, but in one of the countries that they operate, including Hong Kong, Singapore, UAE etc etc.
Stripe Atlas gives you a US taxed corporation only (no LLC anymore).
Click to expand...

Correct, but since I will be a resident of Georgia, that is not included in their list

 

[hdloader11]

Just form a Wyoming LLC for cheap, and then open a stripe account for that company. No need to deal with Atlas and their high fees. Also they form your company as a C-Corp, which means an extra 21% in taxes for no reason. Not to mention, Delaware isn't the best place to form a company if you aren't getting funds from a venture capital and such.

 

[JonnyStekkino]

hdloader11 said:
Just form a Wyoming LLC for cheap, and then open a stripe account for that company. No need to deal with Atlas and their high fees. Also they form your company as a C-Corp, which means an extra 21% in taxes for no reason. Not to mention, Delaware isn't the best place to form a company if you aren't getting funds from a venture capital and such.
Click to expand...

Well, the deal for me would be be accepted into Stripe even if I'm not resident in one of the "normal stripe" accepted countries.

 

[startfleetio]

@JonnyStekkino
Dont go for a c-Corp. Stripe Atlas only supports c-Corp registration for non us residents. Get a Wyoming LLC and you wont need to pay us federal taxes, provided you structure it correctly. Read the guide in my signature for more info.

You can easily get stripe with a LLC. Let me know if you need help, we specialize in this area

 

[JonnyStekkino]

Well, seems nobody is understanding the point here.. the problem is not the company type, but the ability to use gateways.

 

[saintjohnny]

JonnyStekkino said:
Well, seems nobody is understanding the point here.. the problem is not the company type, but the ability to use gateways.
Click to expand...

You can use Stripe with a low-cost LLC that you can open yourself for less than $100. You'll just need an EIN and bank account and you're good to go.

 

[fshore]

saintjohnny said:
You can use Stripe with a low-cost LLC that you can open yourself for less than $100. You'll just need an EIN and bank account and you're good to go.
Click to expand...

Maybe for some it works. But stripe closed my llc account after 2 weeks and saying I need a US resident on the account.

 

[saintjohnny]

fshore said:
Maybe for some it works. But stripe closed my llc account after 2 weeks and saying I need a US resident on the account.
Click to expand...

Oh well. I've been doing it for 5 years now without a problem.

 

[startfleetio]

JonnyStekkino said:
Well, the deal for me would be be accepted into Stripe even if I'm not resident in one of the "normal stripe" accepted countries.
Click to expand...

Are you sure? We have Nigerian customers who are able to register their Stripe based on what we taught them. Stripe does not have presence in Nigeria.

 

[avalanche]

fshore said:
Stripe don't require you to be resident in the EU, but in one of the countries that they operate, including Hong Kong, Singapore, UAE etc etc.
Stripe Atlas gives you a US taxed corporation only (no LLC anymore).
Click to expand...

I stated Armenia as my residency country for my UK Ltd and nothing bad happened so far.

 

[JohnLocke]

avalanche said:
I stated Armenia as my residency country for my UK Ltd and nothing bad happened so far.
Click to expand...

for how long have you been processing with them?

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[avalanche]

Admin said:
for how long have you been processing with them?
Click to expand...

Just started a few weeks ago, below 10k gbp.. Lets see where it goes

Last edited: Jan 31, 2022