Quote:
Originally posted by WendyB
This is a situation/discussion, as I recall, that was predicted this past fall.
The formation of a U.S. Corporation is simply not enough to pass the test, that Visa and other credit card issuers use to determine a company's business location.
Additionally, the card company will and does want to know about the business principals, including their location.
In my opinion, back in November, many of those web site owners who disclosed to VISA their location outside of the USA, in reality may have shot themselves in the foot.
Maybe they were naive, or simply not farsighted enough to see the writing on the wall.
Now back to the current corporation formation issue. If you are a foreign national, and choose to incorporate... there are additional elements you must put in place, to make this a successful workaround for the Visa issue. Corporate Presence is the KEY!
This means your company will need a business address, telephone number listed in company name, which is answered during normal business hours. Yes, there is the EIN/tax ID, business license, and local banking account.
The state of Nevada is a corporate haven...PERIOD.
You as a foreign website owner would greatly benefit from being able to use "contract corporate officers" who are U.S. Citizens.
These are the people who, for a fee, will appear as the visible officers of your corporation. Just having the contract officers will open doors for you, accomplishing almost overnight, what you would never be able to do.
This is a serious and professional arrangement. It is imperative that you choose the contract officers carefully. The use of a "friend" or "porn star" in this capacity, might not be the brightest idea at the table.
I took the liberty of looking up a couple of past threads on this matter:
http://www.gofuckyourself.com/showth...ghlight=wendyb
http://www.gofuckyourself.com/showth...ghlight=wendyb
In reality, the dollar amount to properly achieve a viable US business presence, is in the neighborhood of US$3000 to start. The monthly fees for telephone & "office presence" would be in the neighborhood of US$200.00 monthly.
There are a couple of VoIP solutons that would give you a local Las Vegas telephone service. If you need help with this, contact me and I will point you to the same people who set my corporation presence up.
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You are right on the above. I had just explained , as stated, the first step; I also opened the door to the future problem. You can go with " paid officers" in Nevada, but I wonder how long will Visa accept that. This solution also defeats the goals that Visa is establishing.
On the other hand, if you have a real american " associate" that is involved in the busibness, I doubt that Visa can refuse this.
Time will show what will happen, but nothing good is coming....
