Hi everyone, i am new to this forum.
I am located in a third world country and Paypal is not supported in my country. I want to use it any way because many customers use it.
My question is, if i use a someone’s Paypal account from another country, does he have to pay taxes for the income? What if i am registered my business location in my country in the Paypal, and i just use his Bank account?
Is there any way to avoid taxes? Maybe if he shares a profit with me he pay taxes on only hos profit not mine.
Note: I know about opening business like LLC and opening a bank account… but the problem is I can’t open a US bank account remotely as because my country is restricted in the list. And i think maybe some other countries like UK may restrict my country to open a bank account.
My country is Iraq, and i want to use Paypal without getting suspended or banned in the future. I want to use it for a long term business. And I don’t want to use stealth account.
Thanks for your help!
I am located in a third world country and Paypal is not supported in my country. I want to use it any way because many customers use it.
My question is, if i use a someone’s Paypal account from another country, does he have to pay taxes for the income? What if i am registered my business location in my country in the Paypal, and i just use his Bank account?
Is there any way to avoid taxes? Maybe if he shares a profit with me he pay taxes on only hos profit not mine.
Note: I know about opening business like LLC and opening a bank account… but the problem is I can’t open a US bank account remotely as because my country is restricted in the list. And i think maybe some other countries like UK may restrict my country to open a bank account.
My country is Iraq, and i want to use Paypal without getting suspended or banned in the future. I want to use it for a long term business. And I don’t want to use stealth account.
Thanks for your help!
