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Shark · 11-06-2002, 01:01 PM

As advised by my Ibill rep, I filled in the VISA online form with my Australian info and will change it before Nov.15.

I am setting up a European company at the moment and my accountant has advised me to use my Australian Company as the corporate director for my European Company.

I rang Ibill to see what I should put in the fields under the principles details in this situation.

My rep didn't seem to understand that its possible to have a corporate director and went back and forth in instructions from telling me to put my Australian Company Details in there as the principle, (I wasn't sure on this, as it requires a first and last name be filled in) to putting my own details in there (Even though I am not the principle of the European company, I am the principle of the Australian company directing the European company), to putting my personal name and the registered address of the European Company in there.

She then said "the principles address must be in the same region as the company"

so I said, everyone setting up a business overseas because of the visa problem must be in the same boat, if they put down their real address they will not comply with VISA and if they put down the formation companies registered address they will be lying on the form and if VISA does a check on who runs the EU company it will all be exposed.

Going back through some of the posts by the other billing companies here, it appears that they are requiring you to either have a U.S. based business OR Principle.

There has been talk about using a third party director's details on the form also, but I cannot see this as being very safe as its possible that a large number of webmasters may all be submitting the same guys name to VISA.

Has anybody else set up a company in another VISA region to comply with the regs using a corporate director ?

If so what did you put in the principle's section of the form ?

I have a hard time understanding that VISA would have a problem with companies using corporate directors across international borders, I cant see how its any of their business as to how you run your company as long as the company handling the billing is based in the same region as the acquiring bank....

11-06-2002, 01:01 PM
Shark Confirmed User Industry Role: Join Date: Feb 2002 Posts: 205	Ibill- VISA Registration - Corporate Director As Principle? As advised by my Ibill rep, I filled in the VISA online form with my Australian info and will change it before Nov.15. I am setting up a European company at the moment and my accountant has advised me to use my Australian Company as the corporate director for my European Company. I rang Ibill to see what I should put in the fields under the principles details in this situation. My rep didn't seem to understand that its possible to have a corporate director and went back and forth in instructions from telling me to put my Australian Company Details in there as the principle, (I wasn't sure on this, as it requires a first and last name be filled in) to putting my own details in there (Even though I am not the principle of the European company, I am the principle of the Australian company directing the European company), to putting my personal name and the registered address of the European Company in there. She then said "the principles address must be in the same region as the company" so I said, everyone setting up a business overseas because of the visa problem must be in the same boat, if they put down their real address they will not comply with VISA and if they put down the formation companies registered address they will be lying on the form and if VISA does a check on who runs the EU company it will all be exposed. Going back through some of the posts by the other billing companies here, it appears that they are requiring you to either have a U.S. based business OR Principle. There has been talk about using a third party director's details on the form also, but I cannot see this as being very safe as its possible that a large number of webmasters may all be submitting the same guys name to VISA. Has anybody else set up a company in another VISA region to comply with the regs using a corporate director ? If so what did you put in the principle's section of the form ? I have a hard time understanding that VISA would have a problem with companies using corporate directors across international borders, I cant see how its any of their business as to how you run your company as long as the company handling the billing is based in the same region as the acquiring bank....