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I find there's too little open information on how for a software company to do things properly in classic off-shore jurisdictions. Everything on the web related
by strls1 11y ago
I find there's too little open information on how for a software company to do things properly in classic off-shore jurisdictions.
Everything on the web related to this seems shady so I don't know what to believe.
Things like: are there online payment processors that work with Cayman Islands? Where will I be able to open a bank account? and more - are not clear. I'm sure there are use cases for tax havens, but for me it looks like a more expensive and complicated option. Maybe i'm wrong.
I just a simple and sure way to do small business, I don't mind paying some taxes and sending a report a year.
- miscloud 11y agoPayPal and Stripe wont work with most offshore jurisdictions. PayPal allows Hong Kong companies, though. If you're selling digital products, it's easier to use an online reseller (eg; PaymentWall, Gate2Shop, etc) but if you want to use your own processor, you will have to set up a merchant account which is a long and tiresome process. I think 2checkout and Payza still allow offshore companies. As for bank accounts, you're usually given a list of bank accounts from the same people who you purchased the company formation from. Loyalbank.com is a popular one, they give you a UK bank account.