In order for an e-commerce company to operate financially and legally in the correct manner, our offshore ecommerce package will help you set up a company in Europe. We also recommand you to try and visit ecommerce expos this year to find and meet with more payments companies, read here on some the best ecommerce shows in 2017.
Our process include applying in a jurisdiction with relatively low taxation, such as Malta, Cyprus or Bulgaria and then opening bank accounts with some of the leading European banks. Our connections with top financial institutions will allow you to open both corporate bank accounts and merchant accounts in the event that your ecommerce business wishes to accept credit card payments from your customers via your online store.
4 things you should consider when looking for e-commerce banking solutions:
When applying for an ecommerce offshore company bank account, whether corporate or merchant, the financial institution will typically require the business to provide various legal and corporate documents, as well as a summary business plan. This is requested in order for them to understand the nature of the business as well as its viability and sustainability. Make sure when submitting your application to the bank, that you have all the documentation in order, that your business plan is in no way misleading or inaccurate and that all forms are completed. This will enable our e commerce banking solutions counselors to make sure the bank expedites the approval of your file.
When selecting your preferred financial institution, make sure the bank offers online banking services as well as 24/7 customer service. You will also want to clarify that your selected bank will offer any other feature that you require for your ecommerce offshore company needs.
E commerce businesses are unlike other, more traditional businesses. An ecommerce company has clients all over the world and liability to suppliers globally. A bank that has little experience servicing ecommerce offshore companies will have you facing problems due to bankers who are inexperienced in the ways in which ecommerce companies operate. When choosing your banking institution, make sure they have experience in ecommerce and can meet your business’ banking demands.
If you are an ecommerce company selling your products or services globally, then you will need to open a bank account that accepts foreign currency. A corporate bank account that accepts foreign currency will enable you to better manage your foreign exchange risk. By doing so, your ecommerce offshore company will be able to convert your funds into other currencies and your customers will be able to pay you using their country of origin’s currency. Having an e commerce banking solution that accepts foreign currency will help you streamline transactions and your financial interactions with your customers.
An ecommerce offshore company is becoming a popular choice
Offshore companies refer to companies incorporated throughout the EU, such as a Malta company, a Bulgarian company or a Cyprus company. These jurisdictions offer businesses attractive fiscal advantages and corporate structures, including one of the lowest taxation rates in Europe.
As entrepreneurs of e-commerce companies become more aware of the benefits provided by an EU company, the establishment of Maltese companies for example has increased. Some of the benefits of having an offshore ecommerce company in Malta are:
Recognized as part of the Eurozone, Malta is also a full member state of the European Union, a provision which enables Malta-based businesses with instant access to the EU’s market.
Establishing a company in Malta allows ecommerce companies to open corporate and merchant bank accounts with top European banks.
Corporate income tax rates for offshore ecommerce companies established in Malta can be reduced to anywhere between 0% and 5% in the hands of shareholders.
Malta has taxation treaties with more than 70 countries.