Company formation and merchant acc for shopify

[sokicsokic]

I am from eu and i need register business to get business registered, merchant acc and bank acc in usd,now i am stucked only with paypal.. but cant withdraw money to local bank.. need bank acc in usd,if needed i can go out of shopify and use woocommerce

 

[negon]

hmmm, why don't you register a local company and ask the bank to provide you with a USD bank account? that's pretty simple! Most onshore and offshore banks provide multi currency accounts today.

 

[sokicsokic]

because i have debt for mobile company,taxes are to high ,and i need to change to local currency allways if doing business..

 

[sokicsokic]

i see marshall islands,hong kong and belize as cool options .. but i dont know wich company is scam or not.. i dont have trusted agent who can help me...a i am not sure to register on some random site.. i see to many options

 

[JohnLocke]

Well, what business are you into? And what's your budget for the setup?

 

[sokicsokic]

i doing dropshipping phisical products from china,with shopify.. i have budget for setup

 

[negon]

You may setup a Cyprus company with banking in Cyprus, appoint nominees and apply for an EU merchant account, make use of the DTA between Cyprus and your country! That would be a legal setup.

Alternative, use darks with an offshore company i.e. Seychelles or Belize and open EMI account for banking + 2checkout, Stripe or similar processor for payment processing.

 

[sokicsokic]

what are trusted sit for company formation for cyprus and belize?

 

[sokicsokic]

to all be legal i need find some country on list wich have
double taxation prevention agreement with my country and report to authorities?
if i have company where my country dont have agreement i need pay in both countryes corporate tax and income tax?

 

[negon]

if i have company where my country dont have agreement i need pay in both countryes corporate tax and income tax?

correct

double taxation prevention agreement with my country and report to authorities?

yes correct, you pay the tax where it is lowest.