Couple questions before I proceed with setup.

[entrepreneur101]

Hey there,

I am running an affiliate network and would like to protect my identity + pay no/less tax. I am from the EU (Germany).

My previous topic: Company/Banking/Payments Setup advice needed

Summarized, I need to receive cash through WIRE and payout cash in USD with PayPal, Payoneer and Wire.

Due to high amount of transfers (multiple advertisers - 100+ affiliates - different payment methods) I figured I have the following options:

- Setup without PayPal: Nevis LLC / any other jurisdiction which offers me the legal advantages like Nevis does. My business is filled with unethical competition and sometimes s**t hit's the fan. Having a Nevis LLC with an EMI (LeuPay preferred, unique IBAN - if there are others with unique IBAN's I am fine with that too) or offshore bank (Loyal Bank / EPB).

Question to the setup above: Will that allow me working as a MASS PAYOUT company with Payoneer?

- Setup with PayPal: The same setup as above, only that I open a second company in Cyprus with a Cyprus bank account, wire the cash from my Nevis EMI / Bank to Cyprus company/bank and from the Cyprus company/bank fund the Cyprus PayPal Business Account to payout my affiliates?

Question to the setup above: Are there any easier solutions for this? How hard is it to open a company in Cyprus and have a PayPal account there without actually going to Cyprus?

Regarding tax: I have friends in Ukraine who could provide their documents (real) to incorporate company / setup EMI for Nevis and setup for Cyprus. As for AIEO, does that save me from the reports, as Ukraine is not on the list and if it would cause any problems with the setup of an EMI / company?

Would love to have this cleared up, thanks in advance!

 

[negon]

So you may be fine with darks?

 

[entrepreneur101]

auric said:
So you may be fine with darks?
Click to expand...

Darks for what? I prefer to use the Ukrainian papers.

 

[negon]

entrepreneur101 said:
- Setup without PayPal: Nevis LLC / any other jurisdiction which offers me the legal advantages like Nevis does. My business is filled with unethical competition and sometimes s**t hit's the fan. Having a Nevis LLC with an EMI (LeuPay preferred, unique IBAN - if there are others with unique IBAN's I am fine with that too) or offshore bank (Loyal Bank / EPB)
Click to expand...

LeuPay can work with what you are looking for and it seems a Nevis corp can work well for this too.

entrepreneur101 said:
Question to the setup above: Will that allow me working as a MASS PAYOUT company with Payoneer?
Click to expand...

That should work yes. You just need to get this confirmed by Payoneer for final approval.

entrepreneur101 said:
- Setup with PayPal: The same setup as above, only that I open a second company in Cyprus with a Cyprus bank account, wire the cash from my Nevis EMI / Bank to Cyprus company/bank and from the Cyprus company/bank fund the Cyprus PayPal Business Account to payout my affiliates?
Click to expand...

I have a Cyprus setup i.e. company and bank account and it works just fine with PayPal.

entrepreneur101 said:
Question to the setup above: Are there any easier solutions for this? How hard is it to open a company in Cyprus and have a PayPal account there without actually going to Cyprus?
Click to expand...

You just need to approach one of the many agents there. You can setup company, bank account and PP account remote no need to visit Cyprus nor the banks.