Compare low-tax Stripe countries in 2023

pay fee by instalmentsbusiness setup without travelGuaranteed solutions
Tax Resident Companies with Stripe account Hong Kong Delaware Ireland UK LLP Estonia Malta
Summary at a glance
Legally tax-exempt structure? Yes Yes No Yes Yes, for re-invested No
Must have a Stripe account in this country? Yes Yes Yes Yes Yes Yes
Can have a Stripe account in another country? No No No No No No
Must rent a local office? No No No No No No
Must hire local employees? No No No No No No
Multi-currency payments allowed? Yes Yes Yes Yes Yes Yes
Minimum charge amount per currency? $4 50¢ €0.50 £0.30 €0.50 €0.50
3D secure payment authentication possible? Yes Yes Yes Yes Yes Yes
Chargeback protection possible? Yes Yes Yes Yes Yes Yes
Quickbooks/Xero/Expensify software integration possible? Yes Yes Yes Yes Yes Yes
API software solution available? Yes Yes Yes Yes Yes Yes
WeChat/AliPay billing available? Yes No No No No No
SEPA direct debit available? No No Yes Yes Yes Yes
Instant Debit Card Payout facility available? Yes Yes Yes Yes Yes Yes
International country-specific card charge fees? 3.4% + HK$2.35 2.9% + 30¢ 2.9% + €0.25 2.9% + 20p 2.9% + €0.25 2.9% + €0.25
Double tax treaties access? No Yes Yes No Yes Yes
Corporation tax? 0% 0% 12.5% 0% 0-20% 5-10%
VAT/GST/Sales tax rates 0% 0% 23% 20% 20% 18%
Type of company recommended? LLC Single person LLC LLC LLP LLC LLC
Personal travel required during the engagement? Yes No No No No No
Preferred country for e-commerce trade? Yes Yes Yes Yes Yes Yes
How soon can you have a certificate of incorporation? 1 week 1 week 3 weeks 1 week 3 weeks 3 weeks
How soon can you have corporate bank account numbers? 8 weeks 8 weeks 8 weeks 8 weeks 8 weeks 8 weeks
Stripe account available? 8 weeks 8 weeks 8 weeks 8 weeks 8 weeks 8 weeks
Total company engagement set up costs US$10,105 US$11,500 €8,355 £8,090 €10,400 €11,675
Legal & accounting and tax considerations
Resident shareholder or director required? No No No No No No
Minimum number of directors? 1 1 member 1 1 partner 1 1
International e-commerce transactions subject to VAT? No No No No No No
Minimum number of shareholders? 1 1 member 1 1 partner 1 1
Lease agreement required before company incorporation? No No No No No No
Public register of shareholders and directors Yes No Yes Yes Yes Yes
Paid-up share capital required? No No No No No No
Standard Corporate Tax Payable % 0% 0% 12.5% 0% 0-20% 5-10%
Access to Government grant/tax rebate programs Yes Yes Yes Yes Yes Yes
Must prepare annual financial statements? Yes Yes Yes Yes Yes Yes
Independent statutory audit required? Yes No No No No No
Annual tax return to be submitted Yes Yes Yes Yes Yes Yes
Access to how many double tax treaties 37 68 74 130 52 76
Local substance requirements, including staffed office? No No No No No No
Withholding tax on dividends paid to individuals 0% up to 30% up to 25% 0% 0-7% 0%
VAT/GST/Sales tax rates 0% 0% 23% 20% 20% 18%
Banking considerations
Does our Client need to travel to visit Bank? Yes No No No No No
Initial deposit for US$ corporate bank account US$50,000 US$10,000 €500 €1M €5,000 €10,000
Time taken to open corporate bank account 8 weeks 8 weeks 8 weeks 8 weeks 8 weeks 8 weeks
Multi-currency visa debit cards issued Yes Yes Yes Yes Yes Yes
Dedicated bank officer with cell phone contact Yes Yes Yes Yes Yes Yes
Fees for incoming wire transfers 0.125% 0.1% €12.5 £7.50 €25 Up to €100
Fees for outgoing wire transfers $5 $10 €5 £7 0 €20
Multi-currency visa debit cards issued Yes Yes Yes Yes Yes Yes
Logistics considerations
GDP per capita (US$, 2019) 48,713 60,745 68,090 30,625 18,686 24,628
Global Competitiveness Index Ranking 3 2 24 9 31 38
Ease of Doing Business Global Ranking 3 6 24 8 18 88
OECD member country? No Yes Yes Yes Yes No
CRS reporting obligations (click link)? Yes Yes Yes Yes Yes Yes
FATF blacklisted country? No No No No No No
Country credit rating? A+ AA+ AA- AA A+ A+
Estimate of engagement costs
Company formation fees? 3,350 2,890 1,935 1,150 3,250 3,200
Legal registered office fees? 1,550 1,400 1,200 1,200 1,200 2,200
Estimate Government fees? 255 310 270 40 250 375
Corporate bank account opening fees? 4,950 5,950 4,950 4,950 4,950 4,950
Tax and VAT/GST registration fees? 0 950 0 750 750 950
Estimate of total fees in Year 1? US$10,105 US$11,500 €8,355 £8,090 €10,400 €11,675
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