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Great things in business are never done one. They're done by a team of people.
Great things in business are never done one. They're done by a team of people.
Great things in business are never done one. They're done by a team of people.
Setting up your revenue collection hub in Europe
Despite its complexity, expansion into international markets is often a sound business growth strategy. However, businesses need to consider transaction fees and other cross-border costs that can significantly impact their yield. Bank transaction fees are just the tip of the iceberg.
International revenue collection costs could go up to 7 percent depending on the currency, payment service provider, and payment method.
Success requires proper planning and investing in the right sales process.
Procedure
Dutch advisor should comment on tax/and legal requirements of intended set-up.
Timing
10 business days
Executer
Dutch (tax) advisory firm
Procedure
Engage with Dutch notary, who will draft PoA for incorporating person or body and draft the articles of the to be incorporated company.
Timing
5 to 10 business days
Executer
Dutch notary
Procedure
Provide local director(s) to enable the local company to comply with local substance requirements (at least 50% of board should consist of resident directors).
Timing
5 to 10 business days
Executer
First European
Procedure
Current merchant agreements with US PSP’s may need to be amended or appendices need to be added to ensure the local entity will be collecting local revenue at regional interchange rates.
Timing
10 to 30 business days
Executer
US payments team and First European Gateway Services can assist
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