BVI Company formation how is it compared to Cyprus for an online merchant?

[jakob]

Hello,


I was wondering what would be the benefit for an online merchant to incorporate a BVI company that is accepted by most payment service providers in Europe?


I would like to compare the BVI with for instant a Cyprus company.

 

[ecommerce]

BVI pay less tax can be only reason or do think?

 

[frostboss]

You will be able to apply for a merchant account with BVI company.

 

[kim]

You will be able to apply for a merchant account with BVI company.

I asked this question in the other forum and waiting for reply. If a BVI company can apply for a merchant account it will open a door to transfer moeny between a onshore entity and offshore entity and terminat tax

 

[arden]

I have been in touch with Streamline in the UK they are ok with BVI company.