Offshore for Travel Agency & Digital Agency

[tonyshark]

Hi,
I'm Vietnam Citizen, and current working in Vietnam, My company have 02 business.
1. Digital Marketing like Google Adwords, Facebook Ads
2. Travel Service like Visa service, car pickup ... This work we have arround 400-500 orders per day from website

Current monthly income is $300k-$400k. But doing business in my country now day to tax so high 32% and Very complicated. What solution i can do when want to offshore. I try to open a Belize company but when want open bank account it hard, and most payment gateway i read on internet it's money come to bank take a week, our local payment gateways normal only 24h to get money to bank but they don't work with company outside Vietnam.

Thank for your time , have a good day !

 

[JohnLocke]

What options have you tried locally in regards to payment processing? Have you asked them if it is possible for them to send money to an foreign bank account?

Belize nor most of any of the offshore jurisdictions around in the low end are able to obatin a valid merchant account nor a bank account any longer. You need to setup something for instant in Cyprus or Malta which is considered non resident and then setup a bank account locally or use an EMI account.

When you setup a company within the EU there are lots of payment processors available for you, which means it's possible for you to do some research on all of them and find the one that fits best your business activity.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​