What is the best way to withdraw money from Upwork at first? How much does it cost to register as an individual entrepreneur?

Question

Upwork

Good afternoon.
I plan to start working on this site, I need advice from practitioners.

Answer 1

The first time is better on PayPal. It's instant. And banks will have no questions when you transfer money from your PayPal account to your bank account.
The disadvantages of this method are that PayPal has a commission of about 3-4% in the dollar exchange rate.
I would recommend registering with the tax office with a monthly income of $1000-2000.
In this case, it is best to withdraw money in large amounts directly to the IP settlement account (the method is called Wire Transfer, it costs $30, but you get the currency without conversion).

Answer 2

Since the country is not specified, I think it is Russia.
In fact, if there are no plans to save in the bank or make large purchases yet (more than 600k, such transactions are automatically sent to Rosfinmonitoring), then you can work for as long as you like through payoneer, I have not found a single confirmation of the possibility of tax for this at least somehow squeeze , many friends and work.

Answer 3

I worked for 2 years without an individual entrepreneur, there were no problems with tax. You need to register when you understand what you need.