Recent content by mustscience

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    VAT & Import Fee When DropShipping to Europe?

    Of course, I have been pissed off many times myself, having to go to a customs office at the other end of the city at 8 AM in the morning, to wait in line for 90 minutes, in order to pay a 5$ fee. But honestly, I was annoyed at the customs office more than anything else. Not the seller's fault...
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    Australian bank for international transactions. Australia based dropshippers.

    (1) Maybe I misunderstood the question, but wasn't the goal to find a replacement for a bank? Transferwise and Stripe do something completely different, and you can't replace Transferwise by Stripe. (2) @Direct Webstore: The "new little startup" Transferwise is valued at 3.5b$, has 4 million...
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    Australian bank for international transactions. Australia based dropshippers.

    TransferWise is now offering their Borderless account for Australians. You can receive and keep money in AUD and send it to where you need it. Should be much cheaper than what your regular bank is charging. They have both personal and business accounts. I think the best way to go about it, is...
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    Yaros can you please tell us more about LLC and USA?

    Running your business via a US LLC will not help you to save taxes, as long as you are still a resident of Canada. Canada will treat your CFC as a corporation. https://www.bnncpa.com/resources/library/the_unusual_tax_treatment_of_u.s._llcs_in_canada And even if you could avoid paying CIT (which...
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    Taxes In Drop Shipping for LLC non resident owners

    A US LLC owned and operated by a Non-Resident Alien, is a pass-through entity and not liable to pay taxes in the US. All that is required for that is, (1) The person is actually a non-resident alien, and (2) You are not “engaged in a trade or business in the United States“, short “ETBUS” You...
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    VAT & Import Fee When DropShipping to Europe?

    Your customers will often have to pay import duties. In Germany for example, once the value of a good exceeds 26€ (~30 USD as of today), the customer might have to pick up the item at customs and pay import duties.
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