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offshore company with an US bank account or not?

         

shenbo

3:45 pm on Aug 9, 2007 (gmt 0)

10+ Year Member



I run an e-biz in Asia, most of my customers come from USA. If I start an offshore company, say in BVI, is it better to have an US bank account (for the offshore company) or non-us bank account? I prefer US bank account because PayPal and many credit card processing companies deposit funds to US bank accounts for free. But is there any tax issues?

shenbo

3:27 pm on Aug 12, 2007 (gmt 0)

10+ Year Member



Can someone here help me? thanks

Corey Bryant

6:54 pm on Aug 13, 2007 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



People are probably hesitant to give you advice on your tax question, since you really cannot rely on it.

You might consider talking to your attorney or your CPA for profession advice and have a relationship with them

-Corey