Opening up e-commerce business in the Bahamas?
- Thread starter Amazigh
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What exactly do you think you can get out of it? You will have to pay taxes where you live regardless of the company in Bahamas or in Honolulu - If you search the forum you can find lots of information about AML, CRS and other crazy reporting which took place years ago.
Correct. Any company you own or control from Norway, is tax resident in Norway and must comply with Norwegian tax law.
If you don't like that, you'll need to pack up and move to a tax haven. Cyprus and Malta are easy options for EU/EEA citizens.
Or put in so much money into the business that you can hire local staff in Bahamas and genuinely run it as a local business there. But even so, you'd be subject to tax on dividends/salary you︀ take out from the company.
If you don't like that, you'll need to pack up and move to a tax haven. Cyprus and Malta are easy options for EU/EEA citizens.
Or put in so much money into the business that you can hire local staff in Bahamas and genuinely run it as a local business there. But even so, you'd be subject to tax on dividends/salary you︀ take out from the company.
And beside that as someone coming from the E-commerce I can tell you that without really living in the Bahamas you don't get any merchant accounts you need like PayPal or 2Checkout.
Take a look at the UAE and Dubai Company Formation at least to have PayPal︀ and Stripe available and some workaround for the CRS reporting for the short term.
However if you are not willing to move in the long-term you can't run the business︁ 100% legit with keep staying in Norway like mentioned before.
Take a look at the UAE and Dubai Company Formation at least to have PayPal︀ and Stripe available and some workaround for the CRS reporting for the short term.
However if you are not willing to move in the long-term you can't run the business︁ 100% legit with keep staying in Norway like mentioned before.
The most crucial thing in business is to make a profit. A company that deals with sales must be even more concerned with financial operations. Profits from sales can be fickle, so it is essential to take the proper steps and actions to keep them high. Since the sales funnel reflects the financial result, it is necessary to analyze it correctly, make calculations, and finally form a general conclusion. Entrepreneurs use automated sales intelligence for such operations, which allows them to track sales trends, customer base, and︀ even taxes.
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