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I'm incorporated in Isle of Man. Stripe isn't available, but others are. 0% tax, it absolutely looks like you're incorporated in the UK for anyone who doesn't k
by petesergeant 3y ago
I'm incorporated in Isle of Man. Stripe isn't available, but others are. 0% tax, it absolutely looks like you're incorporated in the UK for anyone who doesn't know what to look for (UK phone number, VAT number, UK-looking address, UK sort-code, etc). Banking is a PITA, but I've been making it work with Wise. You'll probably shell out at least $5k a year in accountancy and service fees. Also it's small enough that your accountant can ring up his buddy Fred who's the Tax Minister this year to get clarity on any points of law.
- nevodavid10 3y agoThis is interesting! Do you know any payment providers that work with them? BlueSnap / Paddle etc? How much did it cost you to incorporate?
- petesergeant 3y agoI googled it, and it turns out my former accountant (who I'd highly recommend) maintains a list: https://www.katzand.co/isle-of-man-payment-gateway/ https://www.katzand.co/isle-of-man-payment-gateway/ Incorporation is cheap (if I remember correctly?), but you basically need a service provider to sign off on your accounts, VAT, and so on, so the cost is more ongoing expenses than setup costs. Send a WhatsApp or email to Katz & Co from the link above -- they'll be happy to break it down, they're super nice, and they're very on the ball too.