E-commerce/drop shipping with offshore company and bank account

[Zsuzsanna Olivia]

Hi all,
I would love to know if any of you is doing an e-commerce business, drop shipping especially through their company being registered offshore (as opposed to in the USA), along with an offshore merchant account.
My market to sell to and do business with would be the US, but can't work for my company here, because I am on a business/tourist visa only, that won't allow me to take money.
So, an offshore set up seems to be the best option, but I wonder if manufacturers, wholesalers, suppliers are willing to do business with a non-US offshore company etc.
Would love to hear about your experiences and insights.
Thank you in advance.

 

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[GlobalWealth]

Hi all,
I would love to know if any of you is doing an e-commerce business, drop shipping especially through their company being registered offshore (as opposed to in the USA), along with an offshore merchant account.
My market to sell to and do business with would be the US, but can't work for my company here, because I am on a business/tourist visa only, that won't allow me to take money.
So, an offshore set up seems to be the best option, but I wonder if manufacturers, wholesalers, suppliers are willing to do business with a non-US offshore company etc.
Would love to hear about your experiences and insights.
Thank you in advance.

I sent you a pm as business structuring is specific to each individual situation.

For the benefit of the forum I will give a general answer.

In most cases you would want a US or UK company as the "front end" of the business. This makes merchant processing much simpler.

From there you would set up an offshore company to shift the profits to. You need a legitimate reason however like ownership of IP, import/export, admin function, etc.

This allows you to shift a portion of your profits offshore.

Again I will note. This is very generalized advice and this absolutely requires careful planning to understand the pros and cons as well as details about offshore structuring.



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