Hello!
I'm new to the forum but have been reading stuff from here. I need an advice how to setup business.
Now I'm selling encrypted phones as a hobby but as it's growing I need to incorporate this business.
So what I do is basically by phones and install encrypted messenger app to modified os. Then sell these phones to clients who buy 3 to 6 months licence from me continuosly. Clients are mostly in EU and some other countries too. Of course they want to respect privacy and mostly buy phones with BTC, cash and sometimes wire transfer. Sales are made in person or I send phones by DHL. Website doesn't have or need payment options as I can send instructions in email etc. For licence extension they pay with same methods. I buy app licences in BTC from app company.
Of course I have to transfer cash and BTC to account to buy phones. As this is becoming business I would like to transfer all expenses to a company instead of using personal accounts. This is one reason I would prefer maybe Seychelles or some other IBC not to hassle with bookkeeping and corporate tax.
Also messing around with VAT is bit problematic that's I would prefer non EU company.
I have Eu passport and residency in another country with ok personal income tax. Also because of the respect for client anonymity invoicing should be kept fairly simple.
Would Seychelles and Emi work in this case? Or does anybody have a good setup to recommend for this kind of business?
I'm new to the forum but have been reading stuff from here. I need an advice how to setup business.
Now I'm selling encrypted phones as a hobby but as it's growing I need to incorporate this business.
So what I do is basically by phones and install encrypted messenger app to modified os. Then sell these phones to clients who buy 3 to 6 months licence from me continuosly. Clients are mostly in EU and some other countries too. Of course they want to respect privacy and mostly buy phones with BTC, cash and sometimes wire transfer. Sales are made in person or I send phones by DHL. Website doesn't have or need payment options as I can send instructions in email etc. For licence extension they pay with same methods. I buy app licences in BTC from app company.
Of course I have to transfer cash and BTC to account to buy phones. As this is becoming business I would like to transfer all expenses to a company instead of using personal accounts. This is one reason I would prefer maybe Seychelles or some other IBC not to hassle with bookkeeping and corporate tax.
Also messing around with VAT is bit problematic that's I would prefer non EU company.
I have Eu passport and residency in another country with ok personal income tax. Also because of the respect for client anonymity invoicing should be kept fairly simple.
Would Seychelles and Emi work in this case? Or does anybody have a good setup to recommend for this kind of business?
