Looking to set up a company, in order to test some dropshipping and ecommerce stores. Will only need the company to get access to payment processors (paypal, stripe, 2co, shopify payments, etc).
Will be selling mostly to the US so we're not looking for US company (even tho it's cheap) - as tax is huge (30% if i understand correctly, from all revenue sourced in the US).
I don't mind paying tax if it's something around 10-15% and if the company formation is cheap (which is one of our requirements, as we don't want to spend too much on a company which we don't know︀ if we'll use).
Second (and probably the most important) requirement - no or very little︁ accounting / reporting / auditing needed. We found several jurisdictions in europe with low tax,︂ low cost to incorporate - but the paperwork / bureaucracy is absolutely horrible (reporting every︃ 3 months, VAT - even if you don't sell to that country, inventory entries and︄ exits, etc - at one point we had 100-200 orders combined per day, and we︅ can't afford to deal with all that paperwork).
So cheap to form, low or no︆ paperwork, little taxation (comfortable with 10-15%, maybe even 20% - we'll switch to a more︇ friendly tax country if this has success)
Will be selling mostly to the US so we're not looking for US company (even tho it's cheap) - as tax is huge (30% if i understand correctly, from all revenue sourced in the US).
I don't mind paying tax if it's something around 10-15% and if the company formation is cheap (which is one of our requirements, as we don't want to spend too much on a company which we don't know︀ if we'll use).
Second (and probably the most important) requirement - no or very little︁ accounting / reporting / auditing needed. We found several jurisdictions in europe with low tax,︂ low cost to incorporate - but the paperwork / bureaucracy is absolutely horrible (reporting every︃ 3 months, VAT - even if you don't sell to that country, inventory entries and︄ exits, etc - at one point we had 100-200 orders combined per day, and we︅ can't afford to deal with all that paperwork).
So cheap to form, low or no︆ paperwork, little taxation (comfortable with 10-15%, maybe even 20% - we'll switch to a more︇ friendly tax country if this has success)
