Turner Little - Company Formation Agents
UK Ltd with emi bank account

Pros & Cons of Nevis

If you are looking for professional assistance and information about everything that people do not write about.
Set up your Offshore Company in Seychelles
Just: Passport & Identity card, Consumption bill (unauthenticated)
We accept: Paypal | Credit card | Bitcoin

tacokai

Mentor Group Gold
PayPal is OK with it, how will you verify your account if you want it to be a business account?
 

EliasIT

Corporate Services
I don't understand sorry. Myself? I would verify with me being the beneficiary / main contact.
That's never going to happen. As mentioned in the thread already, you will need to be resident there or at least have a utility bill, phone number and IP from there to get a paypal account.
 

offshoreavatar

New member
Paypal are "technically" ok with it, if you are from there, live there. For foreign non-residents trying to evade tax, it's very different

Thank you but it's all legitimate reasons I'm doing it. I will be living in a country that doesn't tax foreign income and doesn't have any CFC (or similar rules) so having the company in an international location with no corporate tax makes sense on many levels.
Also, I just got off the phone with PayPal and they walked me through how to do it. You can definitely set up a PayPal account in Saint Kitts & Nevis with your residential address elsewhere (the business address has to be there yes). I even went through the steps, I didn't even need to call them, I should have just tried myself first.
 

offshoreavatar

New member
That's never going to happen. As mentioned in the thread already, you will need to be resident there or at least have a utility bill, phone number and IP from there to get a paypal account.

Direct from PayPal they said it's possible. Unless it's different with a personal account. But I was only asking them about a business account.
 

sinos

New member
That's never going to happen. As mentioned in the thread already, you will need to be resident there or at least have a utility bill, phone number and IP from there to get a paypal account.
Its now ok with paypal for a nevis setup because Nevis now levies 33% corporate tax and isn't included in the graylist.
 

sinos

New member
Also PayPal aren't concerned with greyl lists. Australia is on the greylist.
Maybe, but the issue is Nevis is technically not a tax haven anymore, they have a corporate tax in place (though for nevis generating incomes and not worldwide).

The real issue, I think would be getting a bank account for your Nevis ibc. Its rare to get a proper bank account. EMIs do work.
 

offshoreavatar

New member
Also PayPal aren't concerned with greyl lists. Australia is on the greylist.

Thank you for the advice but I don't need a Nevis bank account. EMIs work best for many reasons.
Not sure why not being a tax haven is an issue? Seems like a good thing to me.
99.9999% of people choosing Nevis for setting up an offshore company will not be deriving income from within Nevis. So it's 0% tax as far as most / I'm concerned.
 

user9823671

Entrepreneur
Best of luck OP. Please post back how it goes. I still have my doubts, but I hope you prove me wrong. If a simple Nevis company can be setup with an EMI and you can get a paypal that is not closed within 30 days that is fantastic news for many here you would like the privacy and 0% of Nevis with paypal.
 

sinos

New member
Best of luck OP. Please post back how it goes. I still have my doubts, but I hope you prove me wrong. If a simple Nevis company can be setup with an EMI and you can get a paypal that is not closed within 30 days that is fantastic news for many here you would like the privacy and 0% of Nevis with paypal.
Yeah its possible. There are setups working out for past 6 months and there are no problems as of yet. Nevis with EMI is working for crypto cashout from Kraken, but haven't tried it out with Paypal.
 

offshoreavatar

New member
Yeah its possible. There are setups working out for past 6 months and there are no problems as of yet. Nevis with EMI is working for crypto cashout from Kraken, but haven't tried it out with Paypal.
Kraken accepts fiat in a company name / not in your personal KYC verified name?

(I like to get in the habit of putting temporary funds in a 12% pa stable coin savings account (TUSD etc) and have been having problems with my preferred crypto provider).
 
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