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Tax Engineering

Offshore e-Commerce

E-commerce and online commercial activity have become an essential part of our everyday purchasing process. Using e-commerce the companies and entrepreneurs have a possibility to sell their services all over the world and enter international markets. And an average consumer, in its turn, has a possibility to purchase product and services that are not available in his countries of residence. The growth of e-commerce has forced many countries to modify their tax laws because sometimes it gets very difficult to determine the country of operations and fiscal responsibility of the company. The only limitation that offshore jurisdictions set for non-resident company is that they cannot develop commercial activity on its territory and have local clients. 

Registering an offshore company for e-commerce is a perfect solution for the following reasons:

  • Tax saving 
  • Annual auditing is not required
  • Anonymity of shareholders      
  • Entrance to international markets 
  • Possibility to sell your services or products all over the world
  • Diversity of customers

In this section we the client will be able to learn about bases of e-commerce and ways to implement it to its traditional way of selling.

What is a virtual POS terminal?

An offshore virtual POS is used to charge debit and credit cards websites or by phone outside the country of residence of the beneficial owner or the country of registration of the company with the corresponding tax savings. Depending on the type of business, the offshore payment gateway can be considered low risk, such as a book sale, or high risk business, such as a travel agency, pharmacy, and casino.

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Charge customers from Peru by PayPal

Yes, you can open an offshore bank account in any country to accept PayPal payments. Keep in mind that PayPal has many restrictions and you will have to find a country where PayPal also operates. Greetings

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What is an offshore hosting?

The offshore hosting servers are located outside the country of residence of the owner of an online business to avoid any problems of licensing, legality or formalities that governments submit to online businesses. Offshore hosting can be located in tax havens or in high tax countries. As in finance, servers located in tax havens will have greater opacity than those of a high taxation country, since as a general rule the owner of offshore hosting will not be resident in the country and will have more favorable laws than in his country of residence. When an individual hires an offshore hosting he has to take into account the country's internet communications and technology to avoid any type of errors generated in the transmission of data.

Offshore hosti

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What is a Chargeback or Reversed transaction?

A chargeback can be defined as a monetary claim to a virtual POS or merchant made by the financial institution that issued a debit or credit card. Chargebacks can be fraudulent or legitimate. That is to say, an individual who has made a purchase with his credit or debit card can request a chargeback claiming that the transaction was fraudulent. The aim of this request in not to pay for the purchase made with his card. The client can claim before the issuer of his credit card, that he did not make the purchase or he can argue any minimum defect of the product or service purchased with the objective of receiving the money back. The situation when the customer claims that he has not made the purchase can be avoided by using 3D Secure anti-fraud security pr

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Offshore software development

An offshore software developer is a programmer specialized in php, C, or C+ programming languages and who works outside the country where the company or individual who has contracted their services is registered.

The offshore software developers are usually autonomous. They are also known in the world of programming as "Freelance". However, we can also find serious companies with very large programmer templates. The best countries to hire offshore software developers are: Armenia, Russia, Ukraine, Romania, Bulgaria, Hungary, Latvia, Czech Republic and Slovakia. The worst countries to hire software developers would be India, China, the Philippines, Pakistan and Indonesia.

Offshore

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