I have an commerce website. We get around 1000 orders per month and this is going to get quite a bit bigger in next few years.
I am British. I live in Thailand.
Im not allowed to majority own a Thai business and small foreign entrepreneurs are not really welcome. So i need an offshore company.
I need PayPal and an ecommerce internet merchant account. Also looking at alternatives like worldpay. 2checkout etc
Does PayPal need me to be a resident to the country i register my account to? Are there complications being a non resident to get other payment solutions?
Apparently in Hong Kong you need 2 years trading history to get an Internet Mechant Account and they generally turn their noses up at those with less than $1m(us) a year turn over. Singapore seems a bit easier.
I really want to avoid paperwork and book keeping. I hate it.
So i was looking at Seychelles, Panama, BVI, Belize.
Does anyone have experience with payment providers in these countries?
Most nomads i see don’t really have a high volume of small monthly transactions which i do. Im going around in circles and don’t know where to start.
Ill also need a bank account for business and a personal bank account to pay my salary into