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Offshore Merchant Accounts are one of the most cost-efficient ways for your business to reach the bigger competition. The High-Risk Sectors are the most affected business because many banks deny them Merchant Accounts. On the other hand, eMerchantPro accepts them with open arms. We understand the need of the market and work to get your High-Risk Business Instant Approval so that you can start with your business as soon as possible.
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Misconception 1: Tax is eradicated Truth 1: Offshore Merchant Account can significantly lower the tax charges for the business. It does not necessarily remove the tax completely for your business but it will reduce the taxes. Different Countries have different rules regarding business. Thus, eMerchantPro offers Offshore Merchant Account that is settled in countries with no business tax whatsoever.
Misconception 2: Offshore Business is untrustworthy Truth 2: Offshore business provide a great deal of advantage over the other types of businesses it is a trustworthy process. It keeps all the transactions safe and secure based on the service provider that offers the services for the company. Simply think about those huge eCommerce chains. They have a set up in the offshore countries and are regulating from those distant lands. Yet their reputation follows.
Misconception 3: Offshore Account is a Secret Account Truth 3: all the personal and business details will be with the bank and can be used for official purposes if needed. Though it is a secure and a private account in a distant land, it is in no way a secret account.
Misconception 4: Offshore Investing is the Worst Truth 3: the misconception is complete contrary to the benefits of an offshore merchant account. Investing in an offshore merchant account significantly reduces that taxes and protects your asset on top of it.
Misconception 5: Physical presence is necessary for opening an account Truth 5: Most international banks allow you to open an offshore merchant account without reaching the bank physically. Moreover, you may reach out to professional merchant account providers like eMerchantPro to take you through the process. We will also handle the opening of the offshore merchant account for your business.
Misconception 6: It is expensive to open an offshore merchant account Truth 6: The offshore Merchant Account is a cost-efficient way to start with a business. The number of benefits that it has to offer compensates to the fees a company asks for.
Misconception 7: It is illegal to have an offshore merchant account Truth 7: it is simply not illegal to attain an offshore merchant account in a Tax Haven Country. However, you cannot commit any illicit practices with a merchant account no matter what. Frauds or scams will lead to immediate penal steps against you.
Misconception 8: Nobody Needs to Invest in Offshore Merchant Account Truth 8: for a long-term working of a company it becomes inevitable to work offshore. Starting with an offshore merchant account means you can start your business in two countries from the very beginning. A worldwide reach comes faster when you are working with an foreign relationship based merchant account
Misconception 9: Merchant Accounts are only for the Big Companies Truth 9: Being a big company is not a criterion of selection. The feasibility of the company, the potential, reach, and sales of a company are some of the criteria. There is more to consider than just being a big gun in the market. The Risk sector is also one of the parameters that define the Merchant Account for your business.
