Company formation and merchant acc for shopify

[sokicsokic]

I am from eu and i need register business to get business registered, merchant acc and bank acc in usd,now i am stucked only with paypal.. but cant withdraw money to local bank.. need bank acc in usd,if needed i can go out of shopify and use woocommerce

 

[negon]

hmmm, why don't you register a local company and ask the bank to provide you with a USD bank account? that's pretty simple! Most onshore and offshore banks provide multi currency accounts today.

 

[sokicsokic]

because i have debt for mobile company,taxes are to high ,and i need to change to local currency allways if doing business..

 

[sokicsokic]

i see marshall islands,hong kong and belize as cool options .. but i dont know wich company is scam or not.. i dont have trusted agent who can help me...a i am not sure to register on some random site.. i see to many options

 

[JohnLocke]

Well, what business are you into? And what's your budget for the setup?

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[sokicsokic]

i doing dropshipping phisical products from china,with shopify.. i have budget for setup

 

[negon]

You may setup a Cyprus company with banking in Cyprus, appoint nominees and apply for an EU merchant account, make use of the DTA between Cyprus and your country! That would be a legal setup.

Alternative, use darks with an offshore company i.e. Seychelles or Belize and open EMI account for banking + 2checkout, Stripe or similar processor for payment processing.

 

[sokicsokic]

what are trusted sit for company formation for cyprus and belize?

 

[sokicsokic]

to all be legal i need find some country on list wich have
double taxation prevention agreement with my country and report to authorities?
if i have company where my country dont have agreement i need pay in both countryes corporate tax and income tax?

 

[negon]

sokicsokic said:
if i have company where my country dont have agreement i need pay in both countryes corporate tax and income tax?
Click to expand...

correct

sokicsokic said:
double taxation prevention agreement with my country and report to authorities?
Click to expand...

yes correct, you pay the tax where it is lowest.