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Registration of an E-commerce company
The online sales market is rapidly gaining momentum. Every year more and more buyers prefer to purchase goods or services online, thereby bringing the apocalypse of offline trading closer. Experts estimate that by 2040, 95% of all sales will be done online. And, most likely, this is our future reality.
Given that e-commerce is becoming such a popular means of sales, entrepreneurs should think about expanding their horizons and entering not only domestic markets, but also international ones. Establishing a foreign company to conduct E-commerce activities allows you to expand the geography of sales, and, at the same time, optimize the tax burden. To do this, it is only necessary to choose the country of incorporation of the company in the right way.
- access to global trading platforms;
- the expansion of the customer base;
- receiving online payments from anywhere in the world;
- round-the-clock trade that does not require personnel;
- no costs for rent or purchase of stores;
- suitable for both trade in goods and services;
- transparency of trade;
- international reputation and image.
USA suitable for trading on Amazon, Shopify, Etsy, Ebay. Creating a company in America and opening a corporate account in the American payment system does not require visiting the USA. It is worth considering the states with low tax systems: Wyoming, Delaware and Nevada. The non-resident will also need to obtain a local tax number (ETIN/EIN).
Poland - suitable for trading on Google Shopping, Allegro. Registration of a company in Poland does not require a personal visit to the country, but a physical presence is required to open a bank account. Startups with turnover up to 2 000 000 EUR are entitled to a reduced corporate tax of 9%. The general tax rate is 19%. You may need to rent a real office or warehouse in Poland.
Cyprus - access to the European market. The registration of a company in Cyprus and the opening of an account in a Cypriot bank or payment system take place completely remotely. Taxation - 15%. The company must have a resident secretary and preferably a director.
Hong Kong is the Asian direction of online trading. It will be interesting for those who wish to trade on Alibaba, AliExpres, Oberlo. Registration of a company does not require a personal visit, and a meeting with a bank representative is required to open a bank account. Startups with income up to 2 000 000 HK$ are taxed at 8.25%, thereafter at 16.5%. No value added tax and capital gains. A resident company secretary is required.
To create an E-commerce business in these jurisdictions, please contact our lawyers. We provide legal support on a turnkey basis, including helping with future financial reporting of foreign companies. Depending on the individual business goals, we select the most profitable solution for you.