Hello everyone,
I have a very strange question for you today.
I own a US LLC. Everything is fine etc, but Stripe for US LLCs has crazy high fees (2.9% as base fee + 2% for conversion fee and extra-US card charge).
I end up paying like 5% of my gross income only for Stripe, which kind of defeats the purpose of having a tax-free company - at least with taxes I can deduct my expenses damn_(
So...
My plan is to open a EU company, set it up as a dormant company and use it only for Stripe. I will open a Stripe account on the name of the EU company, and put the payout to the LLC bank account. Very smooth: money gets to the US LLC, but Stripe fees are taken from the UE company.
Here's the problem: Stripe can share informations with the governments. So (maybe) I would be liable for all my income passing thought Stripe, even if it never touches my bank accounts. Does it make sense?
In this case, I have two questions.
- How does a nominee solve the problem? I am able to hide my name as a director and as a shareholder. What is the risk of that?
- What is the best EU country to do that? I know in UK it's very cheap and easy to open a company, but is UK tax administration aggressive or not? Are they going to check? Is there any more "friendly" country?
Btw: I've already been thinking about using something like a UK LLP to be tax-transparent in UK, but I would still be VAT-liable in the UK, which is something I need to avoid.
Any hint is welcome.
I have a very strange question for you today.
I own a US LLC. Everything is fine etc, but Stripe for US LLCs has crazy high fees (2.9% as base fee + 2% for conversion fee and extra-US card charge).
I end up paying like 5% of my gross income only for Stripe, which kind of defeats the purpose of having a tax-free company - at least with taxes I can deduct my expenses damn_(
So...
My plan is to open a EU company, set it up as a dormant company and use it only for Stripe. I will open a Stripe account on the name of the EU company, and put the payout to the LLC bank account. Very smooth: money gets to the US LLC, but Stripe fees are taken from the UE company.
Here's the problem: Stripe can share informations with the governments. So (maybe) I would be liable for all my income passing thought Stripe, even if it never touches my bank accounts. Does it make sense?
In this case, I have two questions.
- How does a nominee solve the problem? I am able to hide my name as a director and as a shareholder. What is the risk of that?
- What is the best EU country to do that? I know in UK it's very cheap and easy to open a company, but is UK tax administration aggressive or not? Are they going to check? Is there any more "friendly" country?
Btw: I've already been thinking about using something like a UK LLP to be tax-transparent in UK, but I would still be VAT-liable in the UK, which is something I need to avoid.
Any hint is welcome.