Best place to open a business to get a stripe account?

[SeoWizzard123]

Hello,

I am looking to get a stripe account to process the payments on my ecommerce store.

I was researching for the best place (tax wise) with not a great upfront cost in order to do that.

It's important to be done as fast as possible without breaking the bank.

I was thinking about Singapore ore Hong Kong but then I saw how expensive Hong Kong can be, especially for a start up.

Also is very important that the process is legal without having to take risks too.

Let me know what you think.

 

[negon]

Why not go for a simple St.Kitts company which is still supported by Stripe as far as I remember from the last time I checket?

 

[SeoWizzard123]

I looked it up and it seems like is not supported by stripe...

 

[Internationaloff]

I looked it up and it seems like is not supported by stripe...

Why not St. Kitts and Nevis + 2CO?

 

[negon]

I looked it up and it seems like is not supported by stripe...

You may look for some other jurisdiction then. From this list Stripe: In your country you may see what they support now. Seems they have removed all possible offshore jurisdictions, so I would find some other payment processor like GlobalCollect, WireCard or even Instabill!

 

[Internationaloff]

You may look for some other jurisdiction then. From this list Stripe: In your country you may see what they support now. Seems they have removed all possible offshore jurisdictions, so I would find some other payment processor like GlobalCollect, WireCard or even Instabill!

Stripe no longer accepts offshore jurisdictions.

 

[SeoWizzard123]

It's important for me to be able to use stripe, I have a payment processor at this moment but I need stripe because of some integrations I want to have. Seems like Singapore is the best from that list. Also in case I can't manage to do anything about Stripe, Authorize.net is the next second best option. (I saw they have more countries supported like: Isle of Man, Cyprus and Gibraltar).

What do you think?

 

[Internationaloff]

I was thinking about Singapore ore Hong Kong but then I saw how expensive Hong Kong can be, especially for a start up.

Singapore is not cheap.

 

[SeoWizzard123]

Singapore is not cheap.

Do you have any idea of the estimated cost?

What about Cyprus, Gibraltar or the other ones from Authorize.net?

Thanks

 

[negon]

Gibraltar and Cyprus are two great alternatives actually! It's just more expensive compared to other offshore jurisdictions (unsupported by authorize.net) aprox 3 - 4,000 euro in setup costs depending on several factors.

 

[CoinMaster]

If you can afford it you may want to incorporate a regular company for instant in Cyprus as non resident! I have done that, works just fine.

 

[SeoWizzard123]

To be fair, it would be a little tricky at this moment to pay those 3-4k on this because of several other expenses. No easy way it seems...

 

[SeoWizzard123]

If you can afford it you may want to incorporate a regular company for instant in Cyprus as non resident! I have done that, works just fine.

How much money and time it took. Also, from what I saw, the tax is about 12,5% right?

 

[negon]

How much money and time it took. Also, from what I saw, the tax is about 12,5% right?

That's correct for a resident company, a non resident company does not pay any tax. Honestly if you don't have 3 - 4k to spend on your business why at all go offshore?

 

[SeoWizzard123]

That's correct for a resident company, a non resident company does not pay any tax. Honestly if you don't have 3 - 4k to spend on your business why at all go offshore?

It's not that I don't have the 3-4k, more like it's taking off and investing a lot back to keep up. Like I said, I am processing payments atm, but I need stripe or authorize.net because I want to implement something and for that I need one of those 2.

Thats why I am looking for the fastest way. (and most affordable too)