Recent content by mattd

In our case, we are a Cyprus company running a pretty vanilla amazon e-commerce business. Sounds like there might some wiggle room on the high-risk fees though.

We finally got approved for Bankera but discovered we are classified as high risk. Did not occur to me that a basic amazon e-commerce business would be hi-risk. The high risk fees make it not worth using https://bankera.com/faq/what-is-high-risk-industry/

I confirm this is true and they opened an account for us. The verification took a few weeks but was all pretty straight forward.

Are you sure they are OK with a nominee director? We just paid the 200 Eur and are trying to get our Cypriot e-commerce company approved. It has a CY director and the only shareholder/UBO is a EU citizen. They made the following requests: "Please kindly provide the CV or public link where we...

Maybe 2% or higher.

Hi, we are an e-commerce company that is sitting on a fair amount of cash. Say depending on the time of year $200-$500K. This cash is both a buffer and savings for taxes etc. The company is UK Ltd is but the owner is an EU citizen (non-UK resident director) This means opening a UK bank account...

Just register your Slovak company for VAT so it will be a reverse charge

I believe if you register for VAT in SK then all the VAT on services from Amazon would be zero-rated.