Anybody in here from Sweden or at least Europe?
I live in Sweden and my potential clients are all in the US, I don't know what will happen if I start getting payed and money starts coming in from the US if I don't have a company registered.
Would really apprieciate it if someone who knows anything about this, could tell me a bit about it?
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8 comments
• Jan '24
I live in Ireland and only starting my agency while doing the registration of my business here. I’m excited of the DR concept from Robb and plan to do it here targeting the Irish businesses rather than other country. Why target US if you are in Sweden? Your country has golden opportunity for you!
What type of business registration are you considering?
Be mindful of different regulations i.e.GDPR, tax compliance, business registration type such as sole trader or limited company, business location, etc.
How do you intend to get paid? I assume via Stripe? Stripe requires business info if you opened an account as a business, correct? They will enquire business registration, tax info of your business and your business bank account. If in the future your getting paid huge amount, you may encounter issues withdrawing the money even with Stripe if you aren’t verified business.
I only learned that tax alone is complex in business if you are a limited company based in IE. There’s VAT within the country where the business is based and VIES VAT when doing business within EU. There’s also another consideration if trading and doing business outside of EU. I suggest consult with an accountant or local business support office. Sweden might have a different way of doing business.
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• Jan '24
Thanks a lot, I want to do business with US companies cause there's a lot more of them lol.
As for the business registration, I have no clue
I've already created a stripe account connected to my bank account, I didn't have any issues with that.
Thanks for helping me out, I appreciate it!
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• Jan '24
You probably won’t have issues to start with. When your transactions go big, they will start those reviews for you.
Is it with Swedish bank account by the way? If so, prepare yourself for long term sustainable way of doing things as a business. Even banks monitor transactions in and out especially in the EU. However, if your intention is for short-term goal you may not have any issues.
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• Jan '24
SWAS and no not too fimiliar with those things
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Simon Mol
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Anybody in here from Sweden or at least Europe?
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