Offshore Company, Bank account, PayPal and Stripe/2CO

[JohnnyT]

Hi, looking to setup a company with Bank Account and option to register PayPal and to use on shopping system which is currently WooCommerce based. Important are Privacy and of course Tax optimization. Delivery is worldwide (digital goods) with biggest concentration in Europe. Any suggestions or anyone able to help setting this up?

 

[Spinat]

You want to look into a different direction my friend! Offshore and paypal does not really match.

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Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
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[Min Park]

Try it. don't work.
try company + EMI with payment processor (credit card)

 

[negon]

It's not going to work very well for you with any of the known offshore jurisdictions i.e. Belize, Seychelles, St. Kitts etc. and PayPal. But if you can use some of the low tax jurisdictions around i.e. Cyprus, Malta and similar countries you will be able to open a 2co account or other EMI account in the EU + PayPal and Payment processor or simply open a 2CO account that will work with your EMI of choice.

 

[Min Park]

@auric do 2CO need company + bank + biz address in same country as well ?

 

[negon]

yes they do. Last year they accepted that all was in different countries, however, they don't do now. I have a contact at 2co that let me keep my companies with 2co accounts but made it clear to me that I won't get any such setups approved any longer. They are under the same presure as all bamks, EMI's and other payment processors.

 

[Min Park]

@auric thank you for this information. Would they accept EMI in same country and not Back account?

 

[negon]

Yes it is possible to setup a 2co account with an EMI account in the same country as the company is setup. So you will have a few good choices to get a setup that has some sort of banking, credit card processing and PayPal all in one solution. It's good but took me some time to figure out how to do that.

 

[JohnnyT]

may be indeed a good option to do Malta or Cyprus with EMI, any suggestions who can help me set up? Can it be with protecting privacy?

 

[negon]

There are several providers around that can help with this setup. However, you may do some planning first and make up how you want to setup the Cyprus corp.

 

[JohnnyT]

would you be able to assist? how to get it as private as possible, safe and secure 😉 i understand, some are in contradiction, but it is not my core business, maybe one of you can assist me on this?

 

[Samuel Newman]

JohnnyT said:
would you be able to assist? how to get it as private as possible, safe and secure 😉 i understand, some are in contradiction, but it is not my core business, maybe one of you can assist me on this?
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It's really difficult to stay anonymous nowadays, you need to take a look at professional fiduciary services if privacy matters for you

Also, PayPal is not the best one for business,
You need to think about non-resident Cyprus or Gibraltar company, so you will be able to find good card processors for EU entity