No, Fatca forces financial institutions to report US residents around the world. You are EU resident so you have to be afraid of CRS. CRS members will report you to you home country if you have a account amongst them. USA is not member of CRS, however they report to OCR on their own terms as far...
Thanks for the answers :)
So basically what I understood until now:
Seychelles company with Seychelles bank account is difficult, because it is almost impossible to open a Seychelles bank account.
Seychelles company with Cyprus bank account is possible, but it does not get accepted with...
Could it be possible that the credit card processing company (2checkout for example) force me to add VAT once i it figures out the website is selling tangible products to European customers.
Look into this page for a reference - Tax regulations
So the bank account has to be with Seychelles...
@fshore I was thinking about this also. Think of it more like drop shipping business. I will fulfil the shipments from Europe since I am based here. If I decide to not charge VAT from the Seychelles company, who will force me to do so?
Hi guys,
I have read many threads in this forum and I found very useful information so far. I will be glad to help the community with what I have learned so far. I will also need your help, because I couldn't find all the information I am loooking for.
I am planning to start a ecommerce...
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