Offshore company and stripe account, how?

[blizz]

Does someone has a link or know how I can setup a offshore company and use stripe for payment processing on my website?

I know people use stripe with offshore companies but not where they register the companies.

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[negon]

You can use a Cyprus company for sure. But I know people have also setup‌ an account there with a UK company.

 

[Starlights]

you can use a delaware company and payoneer as US bank account.

 

[PhilippJumpertz]

Stripe is not‍ available in Cyprus and doesn't support payouts to bank accounts in Cyprus.
Source: Receiving Payouts⁠

 

[PhilippJumpertz]

In the US, Stripe requires the business representative to be from the US.‌ A valid US Tax ID, SSN and US phone number has to be provided.

Source: when entering the sign-up process by connecting stripe to another application.

 

[PhilippJumpertz]

Stripe is available in Hong Kong and Singapore, but there are know difficulties to open‌ bank accounts there. And in Singapore, Stripe also requires the representative to be from Singapore.‍

So whats left are tax-transparent vehicles in the jurisdictions, that Stripe accept. Unfortunately tax-transparent vehicles⁠ like Limited Partnerships, formed by residents of no-bookkeeping-jurisdictions, have issues to open local business bank⁤ accounts.

But there are some NFBIs that match the following criteria:

• accept companies from no-bookkeeping-jurisdictions⁣
  
• provide dedicated SEPA IBAN business accounts
  
• operating from on of Stripe's accepted payout countries
  

Possible solution:
Two offshore companies can form a tax-transparent Limited Partnership in Ireland, to sign up⁢ for Stripe and open a SEPA account with a NFBI to receive the payouts.

 

[lostman]

are you sure?

 

[PhilippJumpertz]

Stripe accepts clients from:

Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland,‌ Japan, Luxembourg, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States, Italy‍ PREVIEW, Portugal PREVIEW, Brazil PREVIEW, Mexico PREVIEW

Source: Stripe: In your country

Stripe works with⁠ bank accounts from:

Australia, Austria, Belgium, Brazil, Canada, Denmark, Finland, France, Germany, Gibraltar, Hong Kong,⁤ Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United⁣ Kingdom, United States

Source: Receiving Payouts

 

[jerrywhyte]

Keep still wondering no service has been able to match up Stripe and give them‌ a run for their money. LOL

 

[John Morris]

Canadian LLP formed by two offshore companies might work, especially in regards to opening a‌ bank account for the LLP.

 

[Spinat]

You need to be‍ a Canadian citizen to open a bank account there or have someone you trust in⁠ Canada right? Why would you open the Canadian LLP with two offshore companies?

 

[curiousmarv]

No stripe in Cyprus for sure. It's‌ a struggle.

 

[DeepDrilling]

How and when will strip check your offshore company if you apply for an account‌ with them using BVI or UK or Cyprus company?

 

[curiousmarv]

That's checked on registering. There is no magic involved. And if you lie you will be‍ banned. Easy.

 

[Marc Jacob]

Guys, there's an easy way for those who previously had an account in a country‌ where stripe operates, you can open a sub account and then transfer the funds over‍ to an ewallet like Transferwise opened for your offshore corp.

 

[Spinat]

Any KYC documents you have to upload‍ or provide to them during the signup process?