Offshore co with a/c and ability to accept visa/mastercard payments?

[borderfox]

Is it possible to setup an offshore company in an offshore haven - and setup some form of payment gateway - for credit card...or alternatively, something along the lines of paypal, alertpay etc?,....and associate these purely with the company?


Does anyone have any expertise with this?


Any advise as to how to go about it - and can it be done cost effectively??

 

[dwilson]

Short Answer, Yes. You can incorporate a business in any offshore jurisdiction and that company can own an account anywhere in the world. You can also apply for a merchant account to accept credit card payments also and these accounts would be in the name of the business. I assume that your need for an "offshore" company suggests that you would like to have some tax benefits. I would encourage you to speak with a local tax advisor in your country.


Cost effectively depends on your needs, wishes and depth of your pockets.

 

[JohnLocke]

Well, you will need to look for the payment processor that suite your needs first, once found, you can look at the jurisdiction that may be available for you to incorporate a company.


For instant, if you find a European payment processor, they will require you to incorporate within Europe (that's a simply requirement from Visa and MasterCard) so this apply for all regions in which Visa / MC has divided the world!

 

[wonderwilly]

Payment processor is the major problem to find for a offshore company but it seems we will have a solution soon or that some people here on the forum know something we don't know yet