dropshipping legality and taxes

giannisfld

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Hey people,

I have a few questions for you because i didn't find any enlightening info through the internet.

First of all i am planning to set up an ecommerce site and start dropshipping from aliexpress.

I am a Cypriot citizen but I've been living in Greece for 5 years. I have a bank account in Cyprus anyway, so my paypal account is connected to that.

How i will make my ecommerce store legal? Do i need to pay any taxes in Greece since i live here? our just in Cyprus?

And what if i don't pay any taxes? I will be illegal?

Generally,what i need to make my store legal?

Thank you :)
 
Well if you will be accepting payments to your paypal, your bank will start asking you where all that money is coming from, you would have to show them proof. I dont think you would be paying tax in greece, but im sure you will have to pay it in cyprus
 
It's best to consult a CPA on this. In the US, if the package is not sent from your home state then there is no tax _Yet_.
 
You'll pay taxes in Cyprus usually unless Greece has a treaty with them

Your customer will pay customs on his own destination.
 
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