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I'd suggest to incorporate a company in the country where you currently live and worry about corp structure once you hit > $20k+/mo in revenues. In a few years things can change a lot and thinking years ahead of time might be a waste of your time

Sounds like you're looking for a bank. Probably somewhere in Armenia

Man its above zero :D Already warm like an oven

you make it sound like banking with HSBC is a dream :D are you their representative?

I did and they have shittiest online banking in whole Armenia: - can't send swift via mobile app - need to get some hardware token to sign each transaction - charging more money than other banks in Armenia. I had an impression that the only reason HSBC exists in Armenia is to work with huge...

Krasnodar is just fine, quite warm place

You might also want to take a look into New Zealand, I've seen a marketplace that operates from there.. and the prices dont look so high

Ok but the startup cost is still too high for my case... For $5k+ I could run a significant marketing campaign but here it would be just to set things up, not including the separate costs of opening bank accounts etc

Won't it cut us out of good payment processing and banking options?

I'm in a similar situation now and looking for options aside from using Stripe Connect.. Why not Singapore? Have you checked it?

Thanks a lot Sols, I'll be looking further into this. Perhaps I may also consider other jurisdictions such as UAE, Singapore or USA

As I understand it, I'm only acting on behalf of the seller here because I only accept the payments for an instant transaction. Buyer receives a digital product right away after purchase without any delivery time etc. I will only manage refunds when needed. Hard to imagine what could be the case...

Oh so does that mean that I can just operate my business and only react when FCA comes asking? Without personal liability as the director. Because hiring the lawyer is going to be insanely costly just to test my hypothesis, I'm not even sure if my narrow market niche will generate any...

Do you mean license for crypto payouts or specifically running a marketplace? UPD: ok let me check your post first Oh wow I'm seeing here that license is needed just for running the marketplace. However I haven't seen any of my EU/UK competitors owning a license such as Cults3D or rc3dmarket...

I'm working on launching a marketplace where I will process payments via Stripe and support payouts to sellers in stablecoins such as USDT or USDC aside from the traditional methods. Legal entity is a vanilla UK LTD without crypto license or anything like that. How would you approach the...

Crimea should do fine for you Dude you just signed up to post stuff in this thread? Are you Ukrainian by any chance? :D

Would be interesting to see if that statement holds within a decade from now.

2 months ago I was able to transfer from/to Wise using CIMBanque between own personal accounts without any issues. Maybe its a recent development

Consider using CDEK EXPRESS. Its one of the most popular services in Russia. Although I cant guarantee they will be ok with jewelry

Have you tried asking their support?