Offshore for ECommerce

[negon]

Your welcome 🙂

 

[Internationaloff]

genetik said:
Do you have any agencys on habd which can help?
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Yes, I can help you. Please send me a PM.

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[bountymounty]

genetik said:
Thanks, can you recommend anything like Seychelles or BVI or whatever whit this set up ?

The paypal thing I have to think about, at the moment 70% of my customers pay with paypal not with stripe .. they even prefere to use paypal for normal CC payments
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You could setup a simple stealth paypal account and use any offshore company!

 

[ForexSignals]

Hi OP,

Please keep us posted with the progress you make. It will be really helpful to know if you have found a viable solution for your needs.

Thanks

 

[genetik]

bountymounty said:
You could setup a simple stealth paypal account and use any offshore company!
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I was thinking of this too but here I ran into a problem I use Shopify as Ecommerce Plattform .. they turn your paypal account into a business account, I have some steahlt account verified with no limitis, but as soon as it gets changed to a business paypal account all limits are there again and I still dont found a way to verify a business account cause the ask for more paperwork about the company ..

 

[negon]

What documents do they ask for, you may copy/paste the list here!

Also, isn't it possible for you to buy a business paypal stealth account?

 

[bothe]

genetik said:
Hi guys,

i nearly read all threads but still miss some Infos may someone can help me and guide me. I'm from Europe from an high TAX countrie, I have some side businesses in Ecommerce running which starts to make decent amount of Money.

What I want is to reduce tax as much as possible for the side Business, the ecommerce is at the Moment droppshipping only, so buying from China and selling WorldWide 90% is just USA.

What I Need:
Low Tax
Payment Gateway
Paypal if possible

Can anyone guide me with which Location or Setup I should go which is easy and fast ?
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Personally I would go with a Cyprus or other European company formation because it's easy to get payment services to accept my business when incorporated in Europe!

 

[genetik]

auric said:
What documents do they ask for, you may copy/paste the list here!

Also, isn't it possible for you to buy a business paypal stealth account?
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They are asking for a lot of Business Documents which I found no where, not that easy as for a private account ..

I nowhere found a Stealth Business account to buy ..

 

[genetik]

bothe said:
Personally I would go with a Cyprus or other European company formation because it's easy to get payment services to accept my business when incorporated in Europe!
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I have to check if it would reduce my tax costs .. as far as I know I need an office in Cyprus to incooperate there (law from my countrie)

 

[genetik]

What about just starting a C Corp or LLC in US, I mean it doent have to be anonymous I just want to lower my tax ..

 

[nicolas11]

Hello, I am exactly in the same situation! from France, using paypal/stripe, dropshipping from China, selling worldwide. Could we talk in private? I have already some ideas but it would be great if you could share.

 

[negon]

genetik said:
I have to check if it would reduce my tax costs .. as far as I know I need an office in Cyprus to incooperate there (law from my countrie)
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Depending on who you are registering your company with thye have a real office and can provide office address and director for the company as an additional service.

 

[genetik]

nicolas11 said:
Hello, I am exactly in the same situation! from France, using paypal/stripe, dropshipping from China, selling worldwide. Could we talk in private? I have already some ideas but it would be great if you could share.
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yes may we can find a solution together which works for both ..

 

[Montecristo]

Try Singapore. Easy to get bank account and PayPal.

 

[Starlights]

Montecristo said:
Try Singapore. Easy to get bank account and PayPal.
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Singapore needs big money in you bank if you open. If you use a nominee then you should trust that nominee and it is not a cheap setup for a small business. but if you have the money go for it Singapore is a nice business country but it was better in old days for small business then today. not forget you need visit the bank in Singapore for open a account.

 

[Montecristo]

Starlights said:
Singapore needs big money in you bank if you open. If you use a nominee then you should trust that nominee and it is not a cheap setup for a small business. but if you have the money go for it Singapore is a nice business country but it was better in old days for small business then today. not forget you need visit the bank in Singapore for open a account.
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Yes, I do agree that you need to visit the bank to open an account. But not really big money. If you are registering a Singapore company with a Singaporean or PR as nominee director, it shouldn't be difficult to get a bank account legally. That is also the reason why Singapore is the best for clean business. But deposit to open a bank account has lowered.

 

[happyjohn]

Montecristo said:
Yes, I do agree that you need to visit the bank to open an account. But not really big money. If you are registering a Singapore company with a Singaporean or PR as nominee director, it shouldn't be difficult to get a bank account legally. That is also the reason why Singapore is the best for clean business. But deposit to open a bank account has lowered.
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Do you think Singapore is worth the trouble to open an account there?

 

[pincho]

genetik said:
Hi guys,

i nearly read all threads but still miss some Infos may someone can help me and guide me. I'm from Europe from an high TAX countrie, I have some side businesses in Ecommerce running which starts to make decent amount of Money.

What I want is to reduce tax as much as possible for the side Business, the ecommerce is at the Moment droppshipping only, so buying from China and selling WorldWide 90% is just USA.

What I Need:
Low Tax
Payment Gateway
Paypal if possible

Can anyone guide me with which Location or Setup I should go which is easy and fast ?
Click to expand...

It's not fast but you setup everything in Cyprus! I will be in same situation like you in 3 weeks and want to go for Cyprus.

 

[genetik]

pincho said:
It's not fast but you setup everything in Cyprus! I will be in same situation like you in 3 weeks and want to go for Cyprus.
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but still with cyprus you need to pay your income tax in your countrie

 

[negon]

genetik said:
but still with cyprus you need to pay your income tax in your countrie
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exactly as you need to do in any other jurisdiction where you register your company 🙂