Its doing good. I am paying roughly 9-10% overall to Paypal and then on top of it 30% to the Indian Govt.
Got a Private Limited company incorporated in India itself.
I had to ultimately raise the prices and cut down on "useless spends"
Ok heres an update:
I incorporated a Private Limited firm in India.
My foreign clients who will be paying me with USD won't have to pay the 18% GST on the service since they are not resident Indians. Only my Indian clients will have to pay the GST of 18%
Apart from this, including all the...
What about Panama ? is PayPal ok with Panama ?
Again, as I said, I am not looking to evade tax or do anything illegal nor am I want to hide my real name etc. I just want to lower the transaction fee in PayPal and be able to use PayPal funds.
Hello,
This is an update. So finally I have processed my documents & my company will be formed in India soon. But now this suddenly striked me.
My elder brother is in US from 2014 and is on H1B VISA now (working in automobile sector). So are there any chances that I can get him to incorporate...
I am still founding solutions. I talked to a well known guy who deals in Offshore business corporation (fiveconsult) and they have offered me to go for Scotland / UK company for this purpose.
@Nomad,
2Checkout is the worst payment provider I have dealt with.
Their fees is high. They send you payments to your bank after every two weeks. When the transaction amount goes is +$10k per month then they suspend your account & hold the money for 180 days. When you start to talk & explain...
@Nomad, I do not want to run away from taxes. As per the law, we are required to pay taxes only one time. If I pay it in HK then I can produce the receipt in India & get the exemption. The corporate taxes will not be applicable here in India if the country operations & incorporation is not in...
One of my friend who has a company in HK (same business) said that he pays around $2k-$3k per year for accounting expenses.
So would it be good to go with a HK Offshore company ? to use PayPal ?
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