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What's wrong with having a local company (hence subject to laws in your jurisdiction) and then having a bank account in another country with friendlier banking
by ashray 11y ago
What's wrong with having a local company (hence subject to laws in your jurisdiction) and then having a bank account in another country with friendlier banking facilities?
If this is a new business it's not usually worth the administrative overhead unless incorporating in the UK or US solves a specific issue (like stripe support, or some other critical services you made need).
- strls 11y agoThe problem is not banking, it's compliance with local regulations. There are some requirements that make global online sales like not practical. So I would say the main purpose of this whole thing is payment processing in a sane jurisdiction.