Registration of a foreign company to receive money

Question

Payment systems

The paper barrier to accepting money from abroad makes it very inconvenient to accept money from foreign clients. The inability to accept through paypal only adds to the pain.

I would like someone to share their experience on the topic of registering a foreign company as a receiving gateway: throw money there, and then transfer it here in large bundles.

We are talking about a white scheme, with the payment of taxes, currency transaction passports, etc.

As far as I understand, is it worth doing something like a Cypriot or Latvian shop or just opening an account there?

Answer 1

If we are talking about serious financial flows, then I would venture to suggest that the best option is an enterprise registered in an offshore zone.
It all depends on the capital of the organization, because there are minimum thresholds for capital.
An excellent option to register in New Jersey (USA). Many of my friends who live in the states register their business there. 2-3 business days to open an account and register. ~ $1500 for opening and $500-700 for maintenance per year. In reputable banks, you will even be given a Russian-speaking manager. Documents for the company come to you by mail to any country within up to 3 weeks
. Another option that I personally encountered is registering a company in Hong Kong. A little more expensive, but it makes sense, foreign exchange transactions are connected with the whole world.
I'll tell you on the example of HSBC. 3-5 days to open an account. From $2500 opening (depending on the package of services) and $1500 for maintenance per year. The English-speaking manager apologized and instantly changed to a Russian speaker, as soon as he found out that we were from Russia (they say that in English, which is good in Russian). A significant disadvantage is that the person who opens the account, after some time (2-3 weeks), must arrive to sign the final papers and receive documents, but this is decided by writing a power of attorney for the representative.
I wish you the best of luck if you end up doing this.

Answer 2

habrahabr.ru/blogs/freelance/123412/
read the comments to the topic, there is some information there

Answer 3

If the money is small, then it is better for you to enter Estonia or Latvia as a tourist on a Schengen visa. (I myself am from Estonia, I don't know how things are in Latvia.)
- The longer the visa, the better;
– Come to a bank, for example, SEB, ask to open an account;
— Order Pildikaart (Card with your own design). It is like a credit card and has a CVV code.
— Open an Internet bank (transfers can only be made for 200 euros per day);
The card is easily linked to PayPal, I have not checked with others. You can withdraw money to it and withdraw.
You can buy a ready-made company, about 300-400 euros, but then you need to do bookkeeping in Estonia and submit an annual report in Estonian. Reinvested profits are not subject to income tax in Estonia.

Answer 4

I think there will be no problems with the translation. But, for large amounts, there may be interest from the anti-money laundering bureau. It is better to consult with specialists - lawyers / accountants.