A bit lost... someone can help me :)

[wachu]

Hello,

I'm a french guy. So i pay high taxes 😛

I currently have two kind of income :

1/ Selling online formation / ebook with stripe / paypal.

2/ Selling physical product with amazon FBA.

With those two income stream i earn ~6K/7k/month

I'm looking for an idea to avoid some taxes ange¤%&

Someone have a little advice to help me =)

Thank you for your time !

 

[Internationaloff]

wachu said:
Hello,

I'm a french guy. So i pay high taxes 😛

I currently have two kind of income :

1/ Selling online formation / ebook with stripe / paypal.

2/ Selling physical product with amazon FBA.

With those two income stream i earn ~6K/7k/month

I'm looking for an idea to avoid some taxes ange¤%&

Someone have a little advice to help me =)

Thank you for your time !
Click to expand...

Hi.
1. Why not an offshore company + EMI account + 2CO?

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[JohnLocke]

Welcome aboard 🙂

The amount you make per months can not rectify the setup costs for a Cyprus company which is one of the jurisdictions you can use for PayPal and stripe.

If you are able to use a service like 2checkout for your payments you could use a Belize company for instant with darks 🙂

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[wachu]

Whoa that fast answers !

@Internationaloff : any advice for a country for the company ? And sorry about that but... what is emi ?

@Admin : I would prefer to keep stripe if possible. The price for a Cyprus company is really more expensive that a Belize one ?

Thank you 🙂

 

[Internationaloff]

wachu said:
Whoa that fast answers !

@Internationaloff : any advice for a country for the company ? And sorry about that but... what is emi ?

@Admin : I would prefer to keep stripe if possible. The price for a Cyprus company is really more expensive that a Belize one ?

Thank you 🙂
Click to expand...

St. Kitts and Nevis, St. Vincent and Grenadines, Belize, Dominica and Seychelles. EMI is for example Leupay, Worldcore, AdvanceCash, etc...

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[wachu]

Ok so basically an EMi is a kind of an online bank ?

I read that Nevis and some other have signed up and are going to implement AEOI.
Is it still safe to open a company there ?

 

[Internationaloff]

wachu said:
Ok so basically an EMi is a kind of an online bank ?

I read that Nevis and some other have signed up and are going to implement AEOI.
Is it still safe to open a company there ?
Click to expand...

AEOI is between the bank and the Tax Authority and not between Registry and Tax Authority.

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[MoneyMiner]

But the service providers or the countries where the company is registered also report now! an agent told me that!

 

[Internationaloff]

MoneyMiner said:
But the service providers or the countries where the company is registered also report now! an agent told me that!
Click to expand...

No, because for example in St. Kitts and Nevis (and other jurisdictions) there is NO public registry. No panic, read CRS. thu&¤#
The Registered Agent will report only if you are a criminal (terrorism, drug traffic, child pornography, money laundering, etc.).

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[Internationaloff]

I repeat it again.
The AEOI is between Bank and Tax Authority and not between Registry (when it's NO public) and Tax Authority.
No panic and read CRS. thu&¤#

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[lavel]

wachu said:
Hello,

I'm a french guy. So i pay high taxes 😛

I currently have two kind of income :

1/ Selling online formation / ebook with stripe / paypal.

2/ Selling physical product with amazon FBA.

With those two income stream i earn ~6K/7k/month

I'm looking for an idea to avoid some taxes ange¤%&

Someone have a little advice to help me =)

Thank you for your time !
Click to expand...

Did you sort it out with any offshore jurisdiction? also what are you into, darks, legal setup?

 

[maxmoney]

Wonder what path you choose? I'm ready to go for a Cyprus company with 1/2 darks for verification purpose only!

 

[bountymounty]

wachu said:
Hello,

I'm a french guy. So i pay high taxes 😛

I currently have two kind of income :

1/ Selling online formation / ebook with stripe / paypal.

2/ Selling physical product with amazon FBA.

With those two income stream i earn ~6K/7k/month

I'm looking for an idea to avoid some taxes ange¤%&

Someone have a little advice to help me =)

Thank you for your time !
Click to expand...

Belize company, leupay or advcash account (EMI) and 2checkout to get payment processing. You may even consider to go for a business paypal with darks.

 

[negon]

bountymounty said:
Belize company, leupay or advcash account (EMI) and 2checkout to get payment processing. You may even consider to go for a business paypal with darks.
Click to expand...

Agree pretty simple setup that works.

 

[syn]

bountymounty said:
Belize company, leupay or advcash account (EMI) and 2checkout to get payment processing. You may even consider to go for a business paypal with darks.
Click to expand...

Have you setup this yourself?

 

[bountymounty]

Yes I have not less than 3 setup's like this running. Making me money each day!

 

[happyjohn]

bountymounty said:
Yes I have not less than 3 setup's like this running. Making me money each day!
Click to expand...

second that 🙂

OP what did you figure out, how will you proceed with your company setup?

 

[sirjones]

wachu said:
Ok so basically an EMi is a kind of an online bank ?

I read that Nevis and some other have signed up and are going to implement AEOI.
Is it still safe to open a company there ?
Click to expand...

use fake documents for your setup and avoid to worry about AEOI 😎

 

[Starlights]

again will amazon allow you have a bank account (EMI) in another country then the country you company are setup....i do not think so but i not sure....

i suggest for you amazon business use USA LLC and Payoneer as bank account if you use amazon i have same issues when i sell apps at google play store...need bank in same country as you business ....

 

[thinkat]

Starlights said:
again will amazon allow you have a bank account (EMI) in another country then the country you company are setup....i do not think so but i not sure....

i suggest for you amazon business use USA LLC and Payoneer as bank account if you use amazon i have same issues when i sell apps at google play store...need bank in same country as you business ....
Click to expand...

If bank account should be in the same country like company is not hard to setup.

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