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Offshore Company, Bank account, PayPal and Stripe/2CO

Discussion in 'Offshore Company formation' started by JohnnyT, Oct 4, 2018.

  1. JohnnyT

    JohnnyT New Member

    Hi, looking to setup a company with Bank Account and option to register PayPal and to use on shopping system which is currently WooCommerce based. Important are Privacy and of course Tax optimization. Delivery is worldwide (digital goods) with biggest concentration in Europe. Any suggestions or anyone able to help setting this up?
     
  2. blueweb

    blueweb Corporate Services Mentor Group Business Angel

    You want to look into a different direction my friend! Offshore and paypal does not really match.
     
  3. Min Park

    Min Park Mentor Group Mentor Group

    Try it. don't work.
    try company + EMI with payment processor (credit card)
     
  4. negon

    negon Offshore Agent Mentor Group Business Angel

    It's not going to work very well for you with any of the known offshore jurisdictions i.e. Belize, Seychelles, St. Kitts etc. and PayPal. But if you can use some of the low tax jurisdictions around i.e. Cyprus, Malta and similar countries you will be able to open a 2co account or other EMI account in the EU + PayPal and Payment processor or simply open a 2CO account that will work with your EMI of choice.
     
  5. Min Park

    Min Park Mentor Group Mentor Group

    @auric do 2CO need company + bank + biz address in same country as well ?
     
  6. negon

    negon Offshore Agent Mentor Group Business Angel

    yes they do. Last year they accepted that all was in different countries, however, they don't do now. I have a contact at 2co that let me keep my companies with 2co accounts but made it clear to me that I won't get any such setups approved any longer. They are under the same presure as all bamks, EMI's and other payment processors.
     
  7. Min Park

    Min Park Mentor Group Mentor Group

    @auric thank you for this information. Would they accept EMI in same country and not Back account?
     
  8. negon

    negon Offshore Agent Mentor Group Business Angel

    Yes it is possible to setup a 2co account with an EMI account in the same country as the company is setup. So you will have a few good choices to get a setup that has some sort of banking, credit card processing and PayPal all in one solution. It's good but took me some time to figure out how to do that.
     
  9. JohnnyT

    JohnnyT New Member

    may be indeed a good option to do Malta or Cyprus with EMI, any suggestions who can help me set up? Can it be with protecting privacy?
     
  10. negon

    negon Offshore Agent Mentor Group Business Angel

    There are several providers around that can help with this setup. However, you may do some planning first and make up how you want to setup the Cyprus corp.
     
  11. JohnnyT

    JohnnyT New Member

    would you be able to assist? how to get it as private as possible, safe and secure ;) i understand, some are in contradiction, but it is not my core business, maybe one of you can assist me on this?
     
  12. Samuel Newman

    Samuel Newman Offshore Desk expert Mentor Group Business Angel

    It’s really difficult to stay anonymous nowadays, you need to take a look at professional fiduciary services if privacy matters for you

    Also, PayPal is not the best one for business,
    You need to think about non-resident Cyprus or Gibraltar company, so you will be able to find good card processors for EU entity