Stripe Atlas

A new way to start an internet business anywhere

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Bala S. — www.angelhunt.in
With Stripe Atlas, entrepreneurs can easily incorporate a U.S. company, set up a U.S. bank account, and start accepting payments with Stripe.
Christien — Managing Partner of SellPersonal.com
@leanux_bala this is strong!
Pulkit Agrawal — Building Better Onboarding @trychameleon
@leanux_bala this is awesome - i know so many companies in the UK that wonder whether incorporating in the US will help them raise capital so this seems like this will help spur the startup industry in other places and help even out all the venture density from the US to other parts of the world! great going Stripe!
Ross Currie — Founder, CrowdLoot
@leanux_bala This is pretty awesome. I run my company from Australia and as modern as our banking system is, there are some real challenges in being an AU company targeting US customers and suppliers:
- With this, I will no longer need to convert $US sales into $AU for my bank account before I put it back into $US to pay my suppliers
- With this, I won't get charged the extra 1.25% when a purchase is made using a non-Australian card (ie, 90% of my customers) - (Edit: Looks like I'll still be paying 2.9% + 30c per transaction. This is odd, as with Stripe AU it's 1.75% + 30c for domestic cards)
- With this, I could potentially run my next Kickstarter in USD rather than AUD (which is a real problem with our currency disparity)

These three things make a huge difference to my business. I've looked at registering a US entity before, but there's no turnkey way to do it.. until now.
Ahmad Awais — Full Stack WordPress Dev & UI/UX Guy!
@leanux_bala I cannot tell you how stocked I am, after reading about Stripe Atlas. It just might be the solution to every f***ing payment problem my team have been dealing with for past five years (being in a 3rd world country).

We are huge fans of Stripe! It's integration the user experience and overall simplicity.
Kamil — Growth Entrepreneur. Was @Hootsuitelabs
@leanux_bala Game changer
Ross Blankenship — AngelKings.com, CEO and Partner
@leanux_bala Tons of potential here for @stripe's growth and impact on entrepreneurs + startups worldwide.

We're looking forward to adding Atlas to our portfolio companies... and our own products too.

Keep up the great work @BestOfLuk and Stripe growth team!

Ross D. Blankenship
Angel Investor & Builder | http://angelkings.com
Charles Jo — Creator, Startup Study Group (SSG)
@leanux_bala very interesting for global startups at SSG.
Ricard Panadès Nadal — Web & Graphic designer.
This looks awsome, but i have a question: I'm from Spain (terrible place for entrepreneurs, lot of taxes only for accept payments, make invoices etc), if I use Stripe Atlas, is this tax evasion? Thanks!
M
Michael Schade — Stripe
@ricardpanades Nope, you'll still need to pay taxes locally wherever applicable. I don't have much advice on the specifics for Spain, but we partnered with PwC who can assist from a U.S. perspective and introduce you to the cross-border tax considerations when setting up with Atlas. This should help make sure you stay compliant with local laws.
Ricard Panadès Nadal — Web & Graphic designer.
@sch Thanks!
Borja Rojano — Founder at TapeWrite
@ricardpanades I am from Spain too. No it is not.
Thomas K. Running — Nomad, Teleport
@ricardpanades While using Stripe Atlas to incorporate in the US isn't tax evasion, the company would still need to report to the tax authorities in Spain (and the US) and pay tax there. Failing to do so would be tax evasion.

While I understand this can be very useful to process payments, you need to understand the Pandora's box of international tax complexities you are opening by running a US incorporated entity from Spain (or any other country). After all, Stripe is already available in Spain, so why bother. You will not pay less tax (you might even pay more), but instead increase your cost of tax compliance by an order of magnitude. Not to mention all the extra work.

I'm not saying Atlas isn't suitable for anyone. For high-growth, VC-funded startups, having a US presence might make sense (investors like investing in Delaware C-corps). The same for someone from a third world country lacking access to decent payment processing, etc. But in the latter case it might be better to look at other jurisdictions than the US, for example Estonia.

But most small to decent-sized businesses in reasonably developed countries should think at least twice (i.e. talk it over with a qualified international tax professional in your home country) before signing up for Atlas or otherwise incorporating in the US. If you think your own tax code is bad/complex/insane, you haven't seen the US one.
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