payment platform working with Panama Corp

[Deepbarrels]

How does someone who has a business incorporated in Panama use a payment provider system such as Stripe or others that do not work with countries such as Panama?

Is setting up a US LLC as a non-resident really the only way to go? Then, if you have US clients it means you are liable for taxation with the IRS.

As a Panama corporation generating revenues outside of Panama, this could be avoided if someone could find a payment provider linkable to a Panama corp account.

Anyone has found a solution to this headache?

 

[sdip]

Deepbarrels said:
How does someone who has a business incorporated in Panama use a payment provider system such as Stripe or others that do not work with countries such as Panama?

Is setting up a US LLC as a non-resident really the only way to go? Then, if you have US clients it means you are liable for taxation with the IRS.

As a Panama corporation generating revenues outside of Panama, this could be avoided if someone could find a payment provider linkable to a Panama corp account.

Anyone has found a solution to this headache?
Click to expand...

the only solution that I see is that you make an LLC in the USA and invoice everything from clients outside the USA, then you will not have to file taxes, only an Informative Filing from January 1 to March 15 is presented and then there are extensions, but you can doing that, the most complicated thing is the payment gateway, Stripe closes accounts in a discriminatory way, refunds the money many times no matter how much you have delivered the product, it generates many big problems. that is very common

 

[Deepbarrels]

sdip said:
the only solution that I see is that you make an LLC in the USA and invoice everything from clients outside the USA, then you will not have to file taxes, only an Informative Filing from January 1 to March 15 is presented and then there are extensions, but you can doing that, the most complicated thing is the payment gateway, Stripe closes accounts in a discriminatory way, refunds the money many times no matter how much you have delivered the product, it generates many big problems. that is very common
Click to expand...

Most of my clients are 90% and they would be paying with a credit card on our website, so there's no invoicing.. I'm thinking either a LLC used for payment processing, and the Panama corp bills that company so no revenue in the US at the end of the year, or figure out a Corp account in Panama that works with 2checkout. Ideally this would be the route I'd like to take and stay far from the U.S. Anyone has done something similar?

 

[Deepbarrels]

Anyone else has any recommendations on this issue?

 

[boomy]

Deepbarrels said:
Is setting up a US LLC as a non-resident really the only way to go?
Click to expand...

If stripe is the only service you want to use YES alternative is a UK LTD will also work well with Stripe, 2co and PayPal among many others.

Forget about Panama and Payment services, won't find something that will work out well for you.