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In which country should I open a company to accept VISA/MC payments from US clients in the current situation? What tool to use?
Greetings!
We are a small startup with a very limited budget, before the pandemic, I thought about opening a company in Georgia and using Paypal to accept payments from customers. But in the current situation, you won't go anywhere. I would not like to register a company in Russia.
- Payments were planned from $50 to $200
- Number of clients up to 1000
- I would like to accept with VISA / MC / Paypal and maybe even btc (if it's legal)
- I want maximum convenience for the client so that there are no strange conversions or pop-up windows in Russian
Stripe, Paddle?
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I have 2 companies in Estonia, companies in England, USA, I have 2 years of experience, and hundreds of experiments!
On the Estonian account - wasted time, it is almost impossible to open a bank account for a company (I created a specially site https://mileglory.com , and proved my connection with Estonia, they refused me, I was even ready to go there, on the account of taxes, then there I generally paid 0, submitted reports with a turnover of 10,000 + euros, entered an expense of 9,000 euros, with 1,000 euros you need to pay 5%, but since I'm not a resident of Estognia, I didn't pay anything! blocked my paypal a week ago with 8500+ euros (funds frozen for 180 days), and all through bank accounts (which I could not add), they wanted the account to be opened at a local bank!
I opened a company in England, so far I am very satisfied, I passed the test in Stripe, Paypal (all in a few hours), Transferwise opened accounts for free! (People who opened a company for me helped me, they have an agreement with Transferwise) I keep the company through rented workers tables!!
If you play with a VPN and therefore like that, you will get problems that will be solved only by a ban!
I also opened a company in the USA, but due to the coronavirus, I can’t get an EIN number!
Now I want to accept funds directly from clients, I am studying acquiring what to install on the site! And this will solve my constant problems with all sorts of payment systems!
Also, do not forget, Ukraine, Russia, Kazakhstan and the CIS countries are risk countries for Europeans and Americans, so I personally get about 95% of refusals to open accounts, etc!
https://dynapay.co.uk/ earlier, this company gave the go-ahead to open an account for an Estonian company for 500 euros, but Paypal did not accept the account, since it is opened in England! Now I am negotiating with them on the acquiring account ( https://dynapay.co.uk/payment-solutions ) ! I hope I will get the go-ahead)
Estonia not considered? You can open a company remotely.
There is a choice of FIE (similar to IP) and OÜ (similar to LLC). With FIE there is a nuance, regardless of the profit, you need to pay social tax.
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