where to setup a company for dropshipping business ?

[padima]

hello there

the question is in the title, i wanted to know what would be the easiest,cheapest ,less taxable ,place where to setup a company for dropshipping business

Any ideas/suggestions are welcomed

thanks

 

[RobertNozick]

I'm interested in starting a dropshipping business too and am currently dealing with company registration.‌ Bump

 

[Fred]

All dropshipper that make really money are now in‍ UAE. They all have company in UAE with residence and local bank accounts to store⁠ the profits.

For the merchant accounts part we recommend UK llp. Even all the dropshipping⁤ kids using stolen IDs to setup a 15€ UK Ltd and cheat on PayPal and⁣ stripe.

if you want to start in dropsshipping seriously then start with a serious company⁢ setup. Everything else will led to blocked merchant accounts as well as blocked ads managers.︀

 

[Ness]

The problem with UK LLP is that you are liable for corporate taxes in UK if⁢ selling to UK customers, right?
So a US LLC is perhaps better as no taxes︀ if you sell worldwide.

 

[Fred]

No. We work with a⁠ lawyer living in UAE using a UK llp. He doesn't pay taxes in UK even⁤ if he have UK clients.

I suggest double check in both cases US LLC to⁣ US customers and UK llp to UK customers with local lawyers of each country.

We have many drops hopping clients using this setup never faced trouble in practice.

 

[offshorebilly]

Pardon my naiveness here, but how would a kid use a stolen id to set up⁢ an LLC? Wouldn't documents need to be notorized? Also, where would the cash go so︀ he could get it without it getting linked to a bank account? I'm not interested︁ in doing anything illegal, but am wondering how they are able to do this.

 

[Fred]

I mentioned UK LLP.

It's pretty easy.

PayPal, Stripe and⁣ Payoneer have low KYC.

For the company formation they need notarized documents so they go⁢ to the very well known public notary called photoshop.

I don't advise to do this︀ - Just mention what I see how the kids doing it.

 

[here2learn]

Hmm but if the kids doing this⁣ don't file company returns and report to uk tax, won't the company be shut down⁢ pretty quickly?

 

[Fred]

They do.

As the UK LLP is formed by the Dubai Company and the Director with‍ UAE residence - company returns file is 0.

 

[here2learn]

Ahhhhh okay understood, thanks!