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Offshore Company + Account, how to get from from customer in?

Discussion in 'Business & Tax Advice' started by Flushz0r, Sep 9, 2016.

  1. Flushz0r

    Flushz0r Newbie

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    Hello.

    I've been following this forum for a year, and I'm glad to often find answers to my questions, but this one is tricky.

    We started with my friend an online business 5 months ago.
    We are new in this kind of business, so we might made some mistakes but we need some precisions.

    We sell warez monthly music subscriptions.
    Music isn't hosted by us.
    Our website is offshore.

    We started getting money from with PayPal, in the idea to have offshore company+offshore acc later.
    But things are going too fast, website is making 10k+ € each months and we need a fast solution.
    We've created offshore company in Seychelles, and we've created offshore acc. in Saint-Martin.

    But now we are kinda blocked. Our membership system works only with : PayPal, Stripe, Authorize, Payza, Braintree, 2Checkout.
    All of these platforms wants identity, and most of em doesn't accept Seychelles Business.
    I know we should've think about this earlier but

    What's the best solution, to get money from the customer directly in our offshore account?

    Thanks to BHW community

    Flush.
     
  2. Anonymously

    Anonymously Jr. VIP Jr. VIP

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    You are playing a dangerous game here. Streaming other people´s music for free is one thing, but you are making a profit off of it by selling it without a license. If they catch you, you will be paying a fine for the rest of your life. Just be careful and never give your personal identity. I suggest accepting payments in Bitcoin, but a lot of them wont have it. Take care.
     
  3. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    You only solution is a stealth PayPal, I just recently learned about it, you may search the forum for more information... otherwise use bitcoin if possible. You are into some illegal activity and depending on how you have structured your Seychelles corp you won't find any protection there!
     
  4. dennisvds

    dennisvds Newbie

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    Fly to singapore, open up a company, get a ocbc bank account. All done within a month, low taxes, you can get private bank accounts at ocbc when you sign up for your corporate one to get dividens wich are tax free also...
     
  5. dennisvds

    dennisvds Newbie

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    Sorry, dividend is tax free but corporate tax is very low
     
  6. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    The most dangerous advise you may follow.. think about it before you do this!! And if you want to pay such advise as the one from dennisvds attention then you you can register a company anywhere and open an account anywhere it will not help you in anyway!
     
  7. dennisvds

    dennisvds Newbie

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    Dangerous? Ebay and paypal both have their headquarters in singapore for asia pacific? So whole south east asia and japan and china included. Singapore is very strict so maybe Ruthsam refers to that because if you are doing illegal activity in Singapore till will end up in a serious problem
    You should ofcourse do your own research. Im just offering an option, you clearly have to search the rest out yourself.
     
  8. Flushz0r

    Flushz0r Newbie

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    Thanks for all your answers,

    We have have 2 differents problems here :
    - Fiscality, is the most urgent, because of PayPal collaboration.

    I read about Stealth PayPal, but it seems you are limited in the total amount you can earn...

    and

    - Legality of our activity.

    W
    But we are NOT hosting any content, we are providing ONLY links to download music (in .rar package with password moreover).
    Is it a thing to consider?
     
  9. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    You should read OP's post!!
     
  10. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    You can get it verfied with a Visa Card to which you can withdraw to your bank account, I have first hand information about that and know it works. Forget all the crap about Singapore and what else you read in matters of offshore corps for this purpose.