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Best low tax company for PayPal, TransferWise usd

D

dotpedal

Active Member
Nov 22, 2016
60
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#1
Hey
Looking for suggestions on where to set up my company. I need PayPal and want to charge my customers in USD and withdraw to a US bank account like transferwise borderless. I also don't want an EU company because of the whole vat nonsense.

Very important for me are:
- TransferWise USD compatibility
- PayPal with no withdrawal fee
- not in EU
- low tax

Options I understand but don't want to do unless necessary are:
Singapore: highish tax
Hong Kong: 2.5% withdrawal fee for usd on PayPal, hard to qualify for offshore exemption
Malta: is Eu, thus has vat
Labuan: my industry / activity does not qualify for the 3% tax
US LLC: scary because most of my customers and suppliers are in USA. Likely would have ECI
Cyprus: already have a Cyprus entity for another business of mine that I could use, but... Is in EU and thus has vat. Also not compatible with TransferWise USD

Do you guys think Singapore is my best option? What do you recommend?
 
#3
Eu companies don't charge vat to us customers, and a non eu company should charge vat for eu customers in the same cases where a EU company charge vat.

Another option is Gibraltar.
 
#4
fshore said:
Eu companies don't charge vat to us customers, and a non eu company should charge vat for eu customers in the same cases where a EU company charge vat.

Another option is Gibraltar.
Click to expand...
"Should" but not enforced for small + medium businesses.. nobody in my industry charges Eu customers vat if they aren't Eu companies. and I don't want to be charged vat from suppliers either
 
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