Compare low-tax Stripe countries in 2021

Tax Resident Companies with Stripe accountHong KongDelawareIrelandUK LLPEstoniaMalta
Summary at a glance
Legally tax-exempt structure?YesYesNoYesYes, for re-investedNo
Must have a Stripe account in this country?YesYesYesYesYesYes
Can have a Stripe account in another country?NoNoNoNoNoNo
Must rent a local office?NoNoNoNoNoNo
Must hire local employees?NoNoNoNoNoNo
Multi-currency payments allowed?YesYesYesYesYesYes
Minimum charge amount per currency?$450¢€0.50£0.30€0.50€0.50
3D secure payment authentication possible?YesYesYesYesYesYes
Chargeback protection possible?YesYesYesYesYesYes
Quickbooks/Xero/Expensify software integration possible?YesYesYesYesYesYes
API software solution available?YesYesYesYesYesYes
WeChat/AliPay billing available?YesNoNoNoNoNo
SEPA direct debit available?NoNoYesYesYesYes
Instant Debit Card Payout facility available?YesYesYesYesYesYes
International country-specific card charge fees?3.4% + HK$2.352.9% + 30¢2.9% + €0.252.9% + 20p2.9% + €0.252.9% + €0.25
Double tax treaties access?NoYesYesNoYesYes
Corporation tax?0%0%12.5%0%0-20%5-10%
VAT/GST/Sales tax rates0%0%23%20%20%18%
Type of company recommended?LLCSingle person LLCLLCLLPLLCLLC
Personal travel required during the engagement?YesNoNoNoNoNo
Preferred country for e-commerce trade?YesYesYesYesYesYes
How soon can you have a certificate of incorporation?1 week1 week3 weeks1 week3 weeks3 weeks
How soon can you have corporate bank account numbers?8 weeks8 weeks8 weeks8 weeks8 weeks8 weeks
Stripe account available?8 weeks8 weeks8 weeks8 weeks8 weeks8 weeks
Total company engagement set up costsUS$8,655US$9,000€8,355£8,090€10,400€11,675
Legal & accounting and tax considerations
Resident shareholder or director required?NoNoNoNoNoNo
Minimum number of directors?11 member11 partner11
International e-commerce transactions subject to VAT?NoNoNoNoNoNo
Minimum number of shareholders?11 member11 partner11
Lease agreement required before company incorporation?NoNoNoNoNoNo
Public register of shareholders and directorsYesNoYesYesYesYes
Paid-up share capital required?NoNoNoNoNoNo
Standard Corporate Tax Payable %0%0%12.5%0%0-20%5-10%
Access to Government grant/tax rebate programsYesYesYesYesYesYes
Must prepare annual financial statements?YesYesYesYesYesYes
Independent statutory audit required?YesNoNoNoNoNo
Annual tax return to be submittedYesYesYesYesYesYes
Access to how many double tax treaties3768741305276
Local substance requirements, including staffed office?NoNoNoNoNoNo
Withholding tax on dividends paid to individuals0%up to 30%up to 25%0%0-7%0%
VAT/GST/Sales tax rates0%0%23%20%20%18%
Banking considerations
Does our Client need to travel to visit Bank?YesNoNoNoNoNo
Initial deposit for US$ corporate bank accountUS$50,000US$10,000€500€1M€5,000€10,000
Time taken to open corporate bank account8 weeks8 weeks8 weeks8 weeks8 weeks8 weeks
Multi-currency visa debit cards issuedYesYesYesYesYesYes
Dedicated bank officer with cell phone contactYesYesYesYesYesYes
Fees for incoming wire transfers0.125%0.1%€12.5£7.50€25Up to €100
Fees for outgoing wire transfers$5$10€5£70€20
Multi-currency visa debit cards issuedYesYesYesYesYesYes
Logistics considerations
GDP per capita (US$, 2019)48,71360,74568,09030,62518,68624,628
Global Competitiveness Index Ranking322493138
Ease of Doing Business Global Ranking362481888
OECD member country?NoYesYesYesYesNo
CRS reporting obligations (click link)?YesYesYesYesYesYes
FATF blacklisted country?NoNoNoNoNoNo
Country credit rating?A+AA+AA-AAA+A+
Estimate of engagement costs
Company formation fees?2,3501,5901,9351,1503,2503,200
Legal registered office fees?1,1001,2001,2001,2001,2002,200
Estimate Government fees?25531027040250375
Corporate bank account opening fees?4,9504,9504,9504,9504,9504,950
Tax and VAT/GST registration fees?09500750750950
Estimate of total fees in Year 1?US$8,655US$9,000€8,355£8,090€10,400€11,675
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