Offshore company, merchant account and bank account needed?

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I don't know if th MAPs can pay out directly to services like WorldCore but you may ask them about it to see if they can do that. If so, you should go with a Seychelles company and then again, you also need to ask the MAP if they can accept Seychelles or Belize corps. If not, you get limited to what they can accept.
 
Merchant account provider!

If you can go for BVI or Cyprus less headache!
 
Correct. if you want to stay safe you want to register a Cyprus or BVI company that's much easier compared to going through the process with a Seychelles company. Most often you get declined with such an entity with the MAPs.
 
Thanks. So I will need to ask @Admin what the costs is for a Cyprus company that's the better solution for my needs when MAP is important correct?
 
utibi said:
Thanks. So I will need to ask @Admin what the costs is for a Cyprus company that's the better solution for my needs when MAP is important correct?
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You can incorporate a company in Cyprus for aprox EUR 2200 and even get a merchant account included in that fee! I would at any time suggest a Cyprus corp for this purpose.

However, before you spend any money on company registration etc. I would approach the different MAP's and ask them if they can approve your business! Typically it is a conditional pre approval you get! If they decline it there is no need to have spend money on a company if the only purpose is the merchant account!

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
 
Thank you Admin good suggestion! Can you suggest a good merchant account provider to approach?
 
OP what business you are doing? Stripe is a good alternative and they accept Cyprus companies for credit card processing.
 
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