The Ultimate Guide To Launching Into Europe And Accepting International Payments
CONTENTS:
FIVE THINGS YOU
NEED TO DO IN
ORDER TO
PREPARE FOR
YOUR
EUROPEAN
LAUNCH
1. DOCUMENTATION TO APPLY FOR AN EEA MERCHANT ACCOUNT
Make sure you have all required
personal and company
documentation needed for a
cross border EEA Merchant &
Bank account.
This will include valid photo ID from all company directors, shareholders, previous processing statements and proof of address
2. A LOCAL MERCHANT PAYMENT AND PROCESSING PARTNER
Card processing options /
acquiring other solution
providers depending on
perceived risk of the
business.
Based upon your
business model and your
level of risk in terms of
what you provide.
You may want to consider
which providers will be
likely to offer you an EU
merchant account whilst
making your decision.
3. COMPLIANCE WITH LOCAL TRADING REGULATIONS
Ensure that your products or
services abide by trading
country laws and regulations
as these may differ from your
home country.
Depending on the
products or services you
provide, it is vital you carry out background checks.
This in turn will speed up
and increase the efficiency of your EU launch
4. A CLEAR & CONCISE BUSINESS PLAN, IF REQUESTED
Ensure you have a clear
and concise business plan
alongside financial
projections.
The business model &
the delivery of your
products or services
needs to be consistent.
They will have to comply
with the expectations of
the acquirer & your
potential customers.
5. UNDERSTANDING LOCAL FISCAL AND TAX LAW
Understand the regional
fiscal laws and
regulations which would
cover Corporation Tax
and VAT.
It is essential to develop
an understanding on the
tax rates & laws associated
to the country of
company incorporation.
We will be able to
introduce to accountants
that are very familiar to
cross border e-commerce
businesses.