A bit lost... someone can help me :)

[wachu]

Hello,

I'm a french guy. So i pay high taxes 😛

I currently have two kind of income :

1/ Selling online formation / ebook with stripe / paypal.

2/ Selling physical product with amazon FBA.

With those two income stream i earn ~6K/7k/month

I'm looking for an idea to avoid some taxes ange¤%&

Someone have a little advice to help me =)

Thank you for your time !

 

[Internationaloff]

Hi.
1. Why⁣ not an offshore company + EMI account + 2CO?

 

[JohnLocke]

Welcome aboard 🙂

The amount you make per months can not rectify the setup costs for‌ a Cyprus company which is one of the jurisdictions you can use for PayPal and‍ stripe.

If you are able to use a service like 2checkout for your payments you⁠ could use a Belize company for instant with darks 🙂

 

[wachu]

Whoa that fast answers !

@Internationaloff : any advice for a country for the‌ company ? And sorry about that but... what is emi ?

@Admin : I would‍ prefer to keep stripe if possible. The price for a Cyprus company is really more⁠ expensive that a Belize one ?

Thank you 🙂

 

[Internationaloff]

St. Kitts⁠ and Nevis, St. Vincent and Grenadines, Belize, Dominica and Seychelles. EMI is for example Leupay,⁤ Worldcore, AdvanceCash, etc...

 

[wachu]

Ok so basically an EMi is a kind of an online bank ?

I read‌ that Nevis and some other have signed up and are going to implement AEOI.
Is it still safe to open a company there ?

 

[Internationaloff]

AEOI is between the bank and the Tax Authority and not between Registry and Tax Authority.⁠

 

[MoneyMiner]

But the service providers or the countries where the company is registered also report now!‌ an agent told me that!

 

[Internationaloff]

No, because for example in‍ St. Kitts and Nevis (and other jurisdictions) there is NO public registry. No panic, read⁠ CRS. thu&¤#
The Registered Agent will report only if you are a criminal (terrorism, drug traffic,⁤ child pornography, money laundering, etc.).

 

[Internationaloff]

I repeat it again.
The AEOI is between Bank and Tax Authority and not between‌ Registry (when it's NO public) and Tax Authority.
No panic and read CRS. thu&¤#

 

[lavel]

Did you sort⁣ it out with any offshore jurisdiction? also what are you into, darks, legal setup?

 

[maxmoney]

Wonder what path you choose? I'm ready to go for a Cyprus company with 1/2‌ darks for verification purpose only!

 

[bountymounty]

Belize company, leupay⁣ or advcash account (EMI) and 2checkout to get payment processing. You may even consider to⁢ go for a business paypal with darks.

 

[negon]

Agree pretty simple setup that works.

 

[syn]

Have you setup this yourself?

 

[bountymounty]

Yes I have not less than 3 setup's like this running. Making me money each‌ day!

 

[happyjohn]

second that 🙂

OP what did you figure out, how‍ will you proceed with your company setup?

 

[sirjones]

use fake documents for your setup and avoid to worry about AEOI 😎

 

[Starlights]

again will amazon allow you have a bank account (EMI) in another country then the‌ country you company are setup....i do not think so but i not sure....

i suggest‍ for you amazon business use USA LLC and Payoneer as bank account if you use⁠ amazon i have same issues when i sell apps at google play store...need bank in⁤ same country as you business ....

 

[thinkat]

If bank account should⁣ be in the same country like company is not hard to setup.