New Structure Advice Paypal + CC

[N321]

Hey guys,

I'm new here and joined the paid area to ask for advice.

Currently operating ecommerce business and want to re-incorporate with the best structure for tax savings. I require Paypal and a merchant processor for Visa/MC etc (currently using Stripe). I've read people here suggest Belize co with 2CO for Paypal, is this solution reliable long term? Also will 2CO fees work out much more than my own Paypal account?

Processing over 100k usd monthly (50/50 PP & Stripe), chargeback less than 1%. Low-risk products.

Privacy is no concern (live in country with no CFC laws). Only concerned with reliability and low card decline rate if change from Stripe.

I'm considering a HK company with local HK bank account Stripe and PP.

Please provide your suggestions.

Thanks.

 

[Martin Everson]

Welcome

Where will your customers be, in EU or outside? You have to comply with EU laws regarding VAT and distance selling. You can create an Estonia company and pay no tax as long as you do not distribute any profits. It is a simple and clean solution. Use your existing merchant providers with it.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnLocke]

Sounds like a good solution with the Estonian company. Alternative you may setup a Cyprus company which you can register non resident so you don't have to pay any TAX nor do you have to charge VAT since the company is non resident it can't be registered for VAT.


Anyway, it will depend on where your customers live and where you live, since you will have to make use of double tax treaties if you want a "clean" setup and pay less tax.

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