Yes most times, as it has its advantages having to incorporate in a jurisdiction same as banking, creates overall trust from prospective clients/users as well as criterias related to banking and Due Diligence.. moreso taxes and overall fees would be synonymous and subject to the chosen jurisdiction choice.
for a choice of banking outside the jurisdiction of incorporation, An EMI would be best suited, though do take incognizance EMIs might request several/multiple docs, an intensive DD, all inline with the incorporated entity and jurisdiction...do take note, a few EMIs prefer onboarding certain Jurisdistions over and above others, due to risk appetite of certain EMIs..
Not for certain as most processors might simply require a virtual office space,utility bill, proof of substance etc. across the board several processors would stipulate whats viable and not...
from experience its quite of an advantage having a real addy, thats the same as jurisdiction of incorporation, simply removes less scrutiny, future questions etc.
Yes wise/revolut would be in good stance as you could state to the processor of choice, you intend to receive several currency types from prospective clients globally and the adoption of either wise/revolut.
moreover most processors prefer physical banks over EMIs longterm..however EMIs have a tendency to scrutinize incoming TRX above and beyond at any given time, all in the name of operational policies,AML, DD...something to consider overall.
Tax payments aligns with country of incorporation, as well as taxes could be two way, country of incorporation and jurisdiction of operations...
The Latter would be always highly dependent on local laws where your substance,presence, suppliers etc exist and functions from....
( the Tax section could be elaborated upon by
@Sols @Martin Everson et al)...
though not advisable to drag in family ties etc, into business operations for the forseeable future, just incase AML,Tax Laws, TOCs, banking policies have been breached and the biz in question goes Belly Up, Mum,dad,sis Would be visited By the Alphabeth boyz posing as Santa Claus....
in place you could simply use virtual office spaces, rental warehouse if you intend to stock an inventory...
Do not place all eggs in one basket, simply try onboarding with both Verotel, and CCbill...( moreso would advice you could incorporate in the UK as a substitute and either the US/Cyprus)..
a few similar processors you could try out :
instabill
durango
trynovel( US based Banking speciality for non residence clients).
**Revolut has an appetite for banking UK entities.
not a given, more times over, location of website domain/hosting would be jurisdictions where such products are considered a norm, which makes it easier when executing and integrating the merchant processors API phase..
inline with incorporation, a business can incorporate in a jurisdiction, where banking,domain hosting,substance etc all fall within a given geographical zone..
which makes it more suitable, and highly likeable for processors to onboard..
thus far a few more members could queue in as well as per your thread..
