Financial Guardian offers a full ecommerce package for internet e-Commerce business that includes: company formation, corporate bank accounts and a merchant account:
– Offshore Company Formation – The corporate structure (IBC) forms the basis for this strategy as it provides the customer with the legal framework for operating his/her business. The client decides in which jurisdiction he/she would like to set up the company.
– Corporate bank account – Establishment of a corporate bank account where the proceeds of your online credit card transactions can be deposited into your account.
– Merchant accounts for an offshore ecommerce company -Internet Merchant Accounts are designed to facilitate credit card transactions over the internet. If you operate an online business and do e-commerce, we have the ideal solution for you to obtain privacy and success.
More and more entrepreneurs and companies that specialize in e-commerce are looking to established, well-regulated offshore jurisdictions for complete e-commerce solutions. By establishing and conducting e-commerce from carefully selected, lightly regulated, low tax offshore jurisdictions, e-commerce companies are able to gain an enormous advantage over their onshore-based competitors. This advantage extends further than just significant tax savings for the company. A number of offshore jurisdictions, recognizing that e-commerce is still very much a fledgling industry have adopted very favorable regulatory frameworks, designed to allow e-commerce to develop at its own pace, driven and shaped by the needs and demands of the industry and market itself.
Q: What is merchant account processing?
A: Merchant account processing services are provided by a bank or a third party processor to the merchant. These services include authorization of credit cards, settlement of funds through the bank-card associations (MasterCard, Visa, etc.), depositing of funds to checking accounts, merchant billing and account activity reporting.
Q: How do I get a merchant account?
A: The first step is to establish an offshore corporation. Next, you will need to establish a bank account for your corporation. Finally, the merchant account is established through one of our correspondent merchant processors. The application process is relatively simple, and merely requires the completion of the necessary documentation.
Q: What is the best offshore location for ecommerce activity?
A: E-commerce operations have certain requirements that traditional enterprises do not have; thus there is a certain level of technical and infrastructure development that an offshore jurisdiction as a country must attain before it can qualify as a suitable location for an e-business. This can be summarized as follows: good infrastructure, stable internet, local banks with knowledge about e-commerce and technical expertise.