Selling E-books where open a company

[JohnLocke]

Seems to be a good idea with︂ the Seychelles and the beach 🙂 Anyway, it may still be a question of where the︃ company is managed and controlled, actually when I just think out of the box (you︄ will have to check this with a lawyer) it would be possible to form say︅ 2 seychelles corps. the first you are going to use for trading only! You will︆ appoint nominees and don't open an account for this company, then you have a second︇ one that you actually use as financial service company, which only purpose is to invoice︈ customers on behalf of other companies (your first one) for a small comission say 0,5%︉ of the amount.

When a customer buy something from the 1st company they don't have︊ to charge VAT, the customer pay the financial corp. in favor of the first corp.︋ this is a financial transaction where VAT not apply. With some creativity and some documents︌ it should be possible to avoid the VAT... I think I have seen this model︍ be used by a few people around.

 

[Talyn]

Hello all,

I am still thinking about the case.

Payoneer accepts to issue a credit‌ card for offshore companies, that's not a problem for them.

I am thinking to keep‍ my regular company and to open aside a seychelles one with shareholder and director nominees,⁠ with a turnover around 2-3k/month in order to spend discretly the money during hollydays/restaurants/making a⁤ cash reserve and to avoid having a pile of cash abroad un usable.

But is⁣ anyone had an experience with nominees accepting to have the payoneer account in their names⁢ ? I would like to avoid spraying personal datas as much as possible and to︀ avoid to have the credit card under my name.

 

[JohnLocke]

It depends on what Payoneer is asking for in regards to the personal documents they‌ may request. If the nominees are able to provide it it should well be possible‍ to get around with it.

 

[Talyn]

They need id card where the postal adress is marked.

But anyway only one card‌ can be issued for one people, I don't think that it will be easy to‍ find a nominee who would accept.

I liked the payoneer solution because it's cheap, fast⁠ and I will not use the credit card for buying things.

What's the risks to⁤ have a payoneer card under my name ?

 

[JohnLocke]

Well you will not have any privacy with Payoneer against any authority if it's what‌ you are looking for. Generally speaking credit cards and banking ther days are over where‍ you can hide your name behind some banking setup. Today it requires a company setup⁠ and nominees and even then you can't be 100% sure that your name not will⁤ appear somewhere.

For instant, you can setp a Seychelles company with Cyprus banking this will⁣ protect your privacy towards creditors, lenders and most other instances but if it comes to⁢ your tax office they will with a lot of troubles get access to your account︀ data if they know about it.

 

[walterz]

If it's︀ only an e-book, I would suggest you use Amazon and Ebay and you don't need︁ to open a company

 

[Jack Dui]

I'll recommend⁣ payoneer. It's easy to get and important thing is 1they will provide you with a⁢ US bank account, so you'll get auto privacy.

 

[walterz]

But don't forget you need a valid National ID card for it though.

 

[myshufflemix]

You can try Ireland and Singapore.

 

[johnskywalker]

I agree with Jack and walterz. Pioneer is great but you also need enough and‌ right information to apply and to be verified. But once that is settled, all things‍ are good to go.

 

[waltercrane]

Payoneer maybe your best payment solution bro. You only need to provide National ID card‌

 

[deadpool]

I know its going to be a long journey for OP. Protecting anonymity is hardly‌ possible since an Amazon account is involved.

 

[SasxInc]

Yes, i think‍ it is quite impossible being anonymous with Amazon.

 

[Anton]

Just like some people here just said Europe is good, I think its the best‌ in terms of selling E-book materials. Since a lot of western people loves to read‍ books, they spend a lot of money buying books and might even consider buying yours.⁠ So the chances of selling an e-book will be increased.

 

[Talyn]

I don't think so, you have to provide an ID card to payoneer, a⁠ simple request by any tax offices to payoneer and you'll be busted and... I let⁤ you imagine what could happen.

Deadpool and SasxInc > You can remove "hardly" and "quite",⁣ it's completely impossible to be anonymous with them. They collect ID card, tax numbers, etc.⁢ And absolutely no Private nominee director would give all of this info and take endorse︀ the responsibility for the company.

Anton > the US market is much more profitable than︁ the European one.

Sales are still going well, I am paying full wheelbarrows of taxes,︂ but that's not so bad, it's better that than to be in jail because of︃ tax evasion...

 

[negon]

This is not the first time I have heard that. Still I‍ haven't found a good service or prodcut that I easely can sell to the US!⁠

 

[Talyn]

That's the prob, I struggled for years until I found a good method...
But, I‌ can share it... I would just invoice one year of income 😀

 

[kekmaw]

The only good option for doing this would be Cyprus or Ireland right?
I don't‌ get why so manyhas been recommending Seychelles etc, it shouldn't work for this business as‍ Amazon will pay him in Royalties, and seychelles don't got a tax treaty with the⁠ US, therefor there will be 30% wittholding tax?

I'm asking because I'm in the same⁤ boat and I'm looking at Cyprus. 12.5% tax and has a 0% tax treaty with⁣ US regarding royalties.

 

[negon]

I say in your case and if you are doing business with and around Amazon‌ a Cyprus company is the only valid option because of the reasons you already mentioned.‍ It could be of tax benefit to have a Seychelles holding company owning the shares⁠ of the Cyprus company to minimize the tax to be paid in Cyprus!

 

[kekmaw]

I'm just curious, how does a holding company reduce your taxes for⁣ your trading company?