Contact us
Eurofinanzza Services
Who we are
Offshore Introduction
Incorporating Offshore
Why Going Offshore
Why and when should I use Offshore
How to select an Offshore Jurisdiction
Structure of an Offshore Company
The Offshore for US Citizens
Going Offshore - Quick Answers
FAQ
Offshore Applications
Tax Planning – UK Citizens Working Abroad
Offshore Tax Planning Solutions - Musicians
Asset Protection
Estate Planning
Panama as a Banking Centre
The Best Banking Centers in the World
Overseas Jurisdictions
General information
Australia
Australia - Company Formation
Australia – Register a Branch of Foreign Corporation
Australia Company Formation - Incorporation Fees
Australia – Foreign Investment Regulation
Australia - Banking System
Australia – Financial Services Licensing Regime
Belize
Incorporating in Belize
Advantages to incorporate in Belize
Belize IBC Incorporation Fees
Setting up a Trust in Belize
Trust in Belize - Incorporation Fees
Mutual Funds in Belize - Incorporation and Fees
Bank Formation in Belize
International Insurance Licenses in Belize - Incorporation Fees
British Virgin Islands
Incorporating in BVI
BVI - Guarantee Company Formation
BVI - Offshore Mutual Funds
BVI - Incorporation Fees
BVI - License Fees
Canada
Canada incorporation - Introduction
Canada - For non Profit Corporations
Canada - Taxation
Canada - Incorporating in British Columbia
Canada - Incorporating in Nova Scotia
Canada - Real Estate Use of Offshore Companies
Canada - Offshore for Canadian Citizens
Canada - Incorporation Fees
Cayman Islands
Cayman Islands - Tax Exempted Company - Compliance Information
Cayman Islands - Incorporation Fees
China
China Business Services Overview
Doing Business in China - Forms of Entities
China - Representitive Office
Advantages of Hong Kong Holding Structure
China JV and WOFE Memorandum
Cook Islands
Cook Islands - General Features
Cook Island - Compliance and General information
Cook Islands - Wealth Protection Law
Cook Islands - Private Trustee Companies
Cook Islands - Trust Incorporation
Cook Islands
Cook Islands - Trustee Company - Incorporation Fees
Cook islands - Anonymous Confidential Tax Planning Asset Protections Structures
Cook Islands - Anonymous Confidential Structures
Cook Islands - Trustee Company - Incorporation Fees
Costa Rica
Costa Rica - Compliance Information
Costa Rica Double Taxation Treaties
Costa Rica -E-Gambling Corporation
Costa Rica - Incorporation Fees
Gibraltar
Incorporating in Gibraltar
Gibraltar - Tax Exempt vs. Non-Resident Companies
Gribraltar - E-commerce
Gibraltar Incorporation Fees
Trust in Gibraltar
Trust Formation in Gibraltar – Incorporation Fees
Hong Kong
Incorporating in Hong kong
Hong Kong Company Requirements & Formation Procedures
HK Non Profit Organization Charitable Institution
Hong Kong - Double Taxation Treaties
Hong Kong Taxation
Hong Kong – Double Taxation Agreement with Mainland China
Hong Kong Incorporation Fees
Opening Corporate Bank Account in Hong Kong
India
History of India - Overview
Investing in India - Country Incentives and Policy
Company Formation in India - Compliance Information
Taxation System in India
Company Formation in India - Incorporation Fees
Registration of Licensed Online Pharmacy
Isle of Man
Incorporating in Isle of Man - Limited Liability Company
Incorporating in Isle of Man LLC - Incorporation Fees
Jersey
Jersey Offshore Company incorporation
Trust formation in Jersey
Trust Formation in Jersey Islands – Incorporation Fees
Incorporating in Jersey – Tax Exempted Company – Incorporation Fees
Madeira Islands
Madeira Offshore - an International Business Centre
Incorporating in Madeira Islands
Taxation and Tax Treaties
Madeira - Incorporation Fees
Madeira - Links and Downloads
Mauritius
Mauritius Offshore Incorporation
Mauritius GBCII – Incorporation Fees
Nevis
Nevis - Company Formation
Nevis - Corporate Structures
Nevis - Limited Liability Company
Nevis - Trust Formation
Nevis - Offshore Bank Formation
Nevis LLC – Limited Liability Company – Incorporation Fees
New Zealand
New Zealand - Jurisdiction Information
New Zealand Look-Through Companies (LTC)
New Zealand - Company Statutory Information
New Zealand - Company Limited by Shares - Incorporation fees
New Zealand Foreign Trust - Overview
New Zealand - Incorporation of Foreign Trust
New Zealand Foreign Trusts - Incorporation Fees
How to Incorporate your New Zealand Asset Protection Structure
New Zealand Financial Services Company
New Zealand Finance Companies – FSP Licensed - Registration Fees
Offshore Banking Software for Financial Institutions
Links, Resources, International Compliance and Banking Regulations
Panama
Panamanian IBC
Panamanian IBC - Incorporation Fees
Trusts & Foundations - General Overview
Panamanian Trusts
Panamanian Trusts - Incorporation Fees
Panamanian Private Interest Foundations
Panama – Private Interest Foundation – Incorporation Fees
Panamanian Financial Corporations - Formation and Fees
Panama – Mutual Funds and Investment Corporations
Panama - Offshore E-commerce Solutions - Services and Fees
Seychelles
Incorporating in Seychelles
Incorporating an IBC in Seychelles – Incorporation Fees
St. Vincent & Grenadines
St. Vincent & the Grenadines – Jurisdiction Information
Advantages to incorporate in St. Vincent & the Grenadines
St. Vincent & the Grenadines – IBC Incorporation
St. Vincent & the Grenadines – Trust Formation
St. Vincent & the Grenadines – Mutual Funds
St. Vincent & the Grenadines – Offshore Bank Formation
St. Vincent & the Grenadines – Insurance Companies
St. Vincent & the Grenadines – Legal and Taxation Regime
St. Vincent & the Grenadines – IBC Incorporation Fees
Turks & Caicos
Incorporating in Turks & Caicos
Turks & Caicos – IBC Formation – Incorporation Fees
United Arab Emirates (UAE)
Incorporating in Dubai
Advantages to Incorporate in Dubai
Company Formation in Dubai
Incorporating in Dubai - Incorporation Fees
United States of America
Incorporating in US - C vs S Corporations
Forming a “C” Corporation in USA Delaware - Fees
US LLC - Limited Liability Company - Tax Advantages
The State of California
The State of Delaware
Advantages to incorporate in Delaware
The State of Florida
The State of Nevada
The State of New York
The State of Oregon
US LLC - Incorporation Compliance
US LLC – Limited Liability Company – Incorporation Fees
Delaware Series LLC - Fractional Ownership Purposes
Delaware Series LLC - Fractional Ownership Purposes - Incorporation Fees
US - incorporation States
US Foundations - Non profit Corporations
US Foundations – Non Profit Corporations - Articles
US Foundations – Non Profit Corporations – By-Laws
US Corporation Annual Fees
Uruguay
Uruguay - Incorporation Features
Investing in Uruguay
Uruguay SAFI and SA Company Formation - Incorporation Fees
 
 
 
 
 

 

OFFSHORE E-COMMERCE

 

PANAMA
OFFSHORE SOLUTION

TAX FREE PANAMANIAN CORPORATION

CORPORATE AND MERCHANT ACCOUNTS

OFFSHORE TAX PLANNING STRUCTURE

 

MERCHANT ACCOUNTS
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 perfect solutions for you to obtain privacy, and avoid all of the burdensome rules and regulations surrounding online e-commerce in your domestic country.

ESTABLISHING A TAX FREE OFFSHORE INTERNET
E-COMMERCE BUSINESS

Establishing a tax free offshore internet e-commerce business involves three simple steps:

1. Incorporation of tax free Panamanian corporation – International Business Company.
2. Establishment of a bank account where the proceeds of your online credit card transactions can be deposited into.
3. Establishment of an online internet merchant account.

INTERNET MERCHANT ACCOUNT PROCESSORS
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 bankcard associations (MasterCard, Visa, etc.), depositing of funds into checking accounts, merchant billing, and account activity reporting.

We currently deal with several merchant account processors. The one we recommend for you will depend on your particular business model. Please note that most merchant providers do not accept certain types of high risk businesses, such as online gambling, betting, porn, or sales of addictive substances. However, we have relationships with several merchant processors, so if one particular processor does not accept your business model, then we have others who may (although the set up and processing costs may be slightly higher for high risk credit card processing).

CARDS AND CURRENCIES
Our Merchant Processors can process all of the major International credit and debit cards, including:

- Visa
- MasterCard
- American Express
- Diners Club
- Switch
- Delta
- Eurocard
- JCB

Our recommended Merchant Processors can settle funds due to merchants' bank accounts in any of 13 currencies to any bank worldwide using the SWIFT payment system.

The following is a list of the currencies that transactions can be settled in:
Australian Dollar, Canadian Dollar, Euro, Hong Kong Dollar, Irish Punt, Japanese Yen, New Zealand Dollar, Singapore Dollar, South African Rand, Great British Pound and US Dollar

SECURITY OF SERVICES
The merchant processing service functions under the SSL (Secure Socket Layer) system which codifies the information and this security system is one of the most advanced in the market today. It consists of one secure connection between the merchant and the processor, which guarantees that the information is never lost or reproduced to other parties.

For additional security the Merchant Processor requires that you obtain a digital commercial security certificate for your website forms.

REQUIREMENTS FOR SET UP OF MERCHANT ACCOUNT:
a. Corporate Bank Account:
This is where the proceeds from the merchant account transactions will be deposited.

b. Financial References:
At least 1 financial reference letter (original, dated within 3 months) is required to open the account.

c. Professional References:
At least 1 professional reference letter (original, dated within 3 months) is required to open the account.

d. Letter Describing Your Business:
A letter should be provided with the following information:

1. Summary of your business activities.
2. Description of products and/or services sold online.
3. Jurisdictions your company currently doing business in.
4. Year your company was incorporated.
5. Previous or expected business volume (annual revenues, sales, etc.).
6. Estimated charge-back percentage.
7. Website URL that will be used for selling your product or service.
8. Jurisdiction where site is hosted.
9. Photocopy of passport for all company directors, officers, and legal representatives or signatories of the account.


 

MERCHANT ACCOUNT F.A.Q.
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 bankcard 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 just requires that you complete with the necessary documentation.

Q: What credit card types can I accept?
A: Through our recommended merchant processors, you will automatically be set up to accept Visa, MasterCard, American Express, Diners Club, Switch, Delta and JCB transactions. However, other merchant account processors may only accept certain cards.

Q: How long does the application approval process take?
A: You can start accepting credit cards immediately after the application is accepted and your merchant account is activated. The application process takes from 2 to 4 weeks, depending on whether all of the necessary documentation is complete.

Q: Can I start accepting credit cards immediately?
A: Yes, once your account is approved and activated, you may commence processing of credit card transactions immediately.

Q: How will I get paid for credit card transactions?
A: Funds are automatically transferred to your business checking account via an electronic wire transfer after a transaction has been "captured" and settled for payment. The time frames for payments range with each merchant processor, some pay within 72 hours, others within 2 weeks. Please note that certain "hold-backs" (generally a small percentage of the transactions, around 5 to 10%) may apply, depending on the risk level of your business. The "hold-backs" are released after a certain time period, generally within 30 to 180 days (depending on the risk evaluation performed by the merchant processor).

Q: Is there paperwork to sign?
A: Yes, applications will need to be couriered or emailed to your address; you would need to return the signed applications along with the required documentation to commence final approval. Once final approval occurs (normally around 2 weeks after the merchant processor receives the original paperwork) you will then be able to begin processing.

Q: Will I need to purchase additional equipment?
A: No. All you need is a web browser and Internet access to utilize the Virtual Point Of Sale (POS) terminal. Use this to authorize/settle transactions, view orders, manage recurring billing and more!

Q: Will I receive statements?
A: Yes. Our recommended merchant processors offer you Internet-based reporting, that gives you online access to review your daily sales, financial history, and other pertinent account information. In addition you will receive a paper statement at the end of each month.

Q: What type of bank account do I need?
A: A business checking or savings account is required. Your bank will be credited and debited via wire transfer.

Q: If I am a new start up company without a credit history, will my company get approved?
A: There are no strict credit requirements. Any business can be approved. The merchant provider that is used depends on the business model of the particular business.

Q: I need a merchant account for processing online gambling transactions for my online casino. Can I be approved?
A: Yes. We may be able to find a correspondent merchant processor that allows online gambling.

Q: I already have a retail merchant account. Why do I need another one?
A: Financial institutions and the Visa / MasterCard card Associations have different criteria for evaluating the potential risk involved in credit card transactions where the card is not physically presented to the merchant. This type of business is typically referred to as "card not present" or "MO/TO" (mail order/telephone order). For this reason, a separate merchant account is needed.

Q: What is a payment gateway?
A: A payment gateway is a service that gives merchants the ability to perform real-time credit card authorizations from a web site over the Internet. The Gateway is an encrypted channel that passes the transaction securely from your customer's computer to the financial institutions to capture the authorization and approval. Once the transaction is complete, the information is sent back through the Gateway to complete the order and provide you with verification. The Gateway offers many administrative features such as: viewing orders, keeping sales tax records, account maintenance, etc.

Q: How do I get my gateway set up?
A: Our merchant processors provide you with a complete turnkey solution. When you apply and are approved for an account, the gateway is automatically set-up.

TAKE ADVANTAGE OF OUR CORPORATE PACKAGE
Our Panama Corporation Package includes the following:
1. Panama Corporation complete with:
a. Original Articles of Incorporation (in Spanish),
b. Official English Translation of Articles of Incorporation,
c. Resident Agent,
d. Registered Office,
e. Optional Nominee Directors
f . Pre-signed, undated nominee director resignation letters,
g. Share certificates issued to "The Bearer", or to any person or entity that you designate (Foundations do not have shares),
h. First Minutes of the Board (whereby the subscribers renounce their legal rights to one share each),

2. General Power of Attorney - We will provide a General Power of Attorney, (notarized and apostilled). The person whose name appears in the Power of Attorney can then actually operate the corporation, sign contracts, open and operate bank or brokerage accounts etc.

3. Introduction to Internet Merchant Account Processor

4. Offshore Corporate Bank Account
Corporate Bank Account includes:
a. Internet Access to account.
b. Investments in time deposits (Certificates of Deposit).
c. Reputable, licensed, secure international bank.
d. English speaking customer service.
e. Corporate Credit cards available (optional) for access to cash via ATM's around the globe.

INCORPORATION IN PANAMA
To obtain a full report and information about the advantages to incorporate an IBC in Panama, please click here.

We hope this proposal may deserve your analysis and consideration but, in case you may place any question, or discuss any further related matter, please do not hesitate to contact us.

 

OFFSHORE INCORPORATION SERVICES
COMPANY FORMATION & MANAGEMENT SERVICES
TAX PLANNING AND ASSET PROTECTION SOLUTIONS
INTERNATIONAL BUSINESS COMPANIES
HOLDING COMPANIES
PRIVATE LIMITED COMPANIES
LIMITED LIABILITY COMPANIES
LIMITED LIABILITY PARTNERSHIPS
TRUSTS
PRIVATE & FAMILY FOUNDATIONS
BANK FORMATION
PANAMANIAN LICENSED FINANCIAL CORPORATIONS
NEW ZEALAND OFFSHORE FINANCIAL INSTITUTIONS
SECURE & CONFIDENTIAL NOMINEE STRUCTURES
INCORPORATION IN EUROPE AND
MAJOR INTERNATIONAL OFFSHORE CENTRES
OFFSHORE BANKING
WORLDWIDE FULL SERVICED VIRTUAL OFFICES

FREE CONSULTANCY

info@eurofinanzza.com

European Jurisdictions
Andorra
Austria
Cyprus
Czech Republic
Denmark
France
Greece
Hungary
Italy
Latvia
Liechtenstein
Luxembourg
Malta
The Netherlands
Portugal
Republic of Ireland
Spain
Sweden
Switzerland
United kingdom
Shelf and Aged Companies
Nominee Structures
Virtual Offices
Offshore Banking
Offshore e-Commerce
VAT
Website Design
Relative Services
Currency converter
Contact us
Menu