Offshore Company Setup for Monthly $40k Mobile App Revenue

[JohnK]

I read you can have⁠ a PayPal account with LeuPay account linked! I think it was @Milky Moon that mentioned⁤ this! That means you don't need to bank the same country where you have the⁣ PayPal account! At least not if you are using an EMI like Leupay, Monese or⁢ similar?!

 

[Luigi]

I'm really sorry for that? I wasn't trying⁢ to motivate any advertisement, my idea was checking some kind of evidence for this fact.︀

 

[diablo]

Are you sure this⁤ is possible?

 

[Starlights]

interesting reading this topic, again go around in circles

I in the same boat and‌ started a post that i huge about the same topic

I sell apps at google‍ and apple store and i feel i want a expert where best setup offshore company⁠ for this needs that not cost huge money for a small business owner and so⁤ far i was get only expensive solutions and complicated solutions. maybe there is no easy⁣ and cheap solutions for this needs

 

[diablo]

What is not expensive solution? I mean can't you setup a Cyprus corp. which is‌ non resident with some of the low budget providers on Google?

 

[cosmic85]

somebody like:
Cyprus Company Registration | Cyprus Company formation ?

 

[rowena]

Did you find any⁢ solution for app business ? Thanks

 

[JohnLocke]

May I ask if anyone of you have checked which countries are supported by the‌ affiliate provider? If so you may check if any of these countries are considered to‍ be offshore, then check which of them may qualify for your needs and then proceed⁠ from there?!

 

[diablo]

How do you do that when the account has to be in the same country‌ as the account holder, or is this not the case?

 

[Spinat]

I read in one of your first posts that Apple can send your money to‍ wherever you want. Why don't you simply setup a UK or Cyprus company with an⁠ Mister Tango or Paysera account for your business. That's way better and very easy to⁤ setup.

 

[rowena]

Thanks for the reply but I am looking for⁤ zero-tax solution. I established UAE company and using TransferWise.

 

[happyjohn]

Cyprus non-resident company - have you looked into this?

 

[iloveyouguys]

You are wrong. Non-US person who owns a US LLC owe 0 US‌ tax. So why forget about DW?

Am I wrong?

 

[orange]

Hey @rowena it's been two years! It's 2020, and you seem to be doing great!
Can you please‌ give us an update on your current setup for receiving Apple App Store and Google‍ Play Store payments.

I'm in the same exact place you were 2 years ago. My⁠ buddies and I are from EU and make apps and receive payments from Google Playstore⁤ and Apple App store, on multiple google and apple accounts as individuals, and then we⁣ settle the cash differences among ourselves (everything is about $300k per year). Now we are⁢ looking to incorporate with an offshore company and make payouts using dividends, to lessen the︀ bureaucracy and tax blow we would get in our home country.

After doing some research︁ UAE RAK ICC offshore seemed perfect, and we already love transferwise. But does this setup︂ work with apple and google?
I know apple should have no issues, but google and︃ amazon don't like currency / IBAN country /corp country mismatches. I know its close to︄ impossible to get local bank account for RAK offshore.
So does RAK and transferwise work︅ for google as well?

Is there a better setup for this? Do you have any︆ recommendation for us? What are you @rowena using these days for getting apple and playstore︇ payments?

 

[rowena]

@orange
It is the same. Yes you can use TW for any UAE based company.‌ They will issue USD, EUR, GBP accounts also you can use ePayments or Paysera. I‍ never had any issues. You can also use Payoneer but their fees are high.

Google is a little problematic, you need to create UK based Google payment profile to receive⁠ payments into TW or ePayments.

If you're receiving payments from reputable marketplaces like Google, Apple⁤ or Amazon I believe there will be no issues. I have 7 figure turnover more⁣ than 3 years but never get questioned by EMIs.

 

[orange]

Thank you @rowena , that's excelent to hear 😀
Do you recommend any specific free zone‌ or offshore company? Which one did you use?

 

[Gediminas]

Hi,

Have you‌ solved your situation?

 

[JohnLocke]

Thank you for getting back to the thread @rowena it may help people looking around‌ for similar solutions.

 

[rowena]

As I mentioned above‌ I am using UAE and Seychelles IBC companies with different EMIs. So far no issues‍ but I am always open to easy & smooth solutions.

 

[Fred]

@rowena which EMIs you currently use for Seychelles IBC as ePayments is gone and Paysera‌ don't accept Seychelles IBC anylonger?