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You can incorporate anywhere and do as you suggest. Tho why not stay clear of the problematic North American banking region and incorporate in another banking region which currently looks a damned sight more secure than US processing at present.
EG.. You can incorporate in Europe and use CCBillEU blah - it'd forget iBillEU, but can't remember why :-)
BTW.. You also save VISA blah fees - there are none. Least that would pay for your corp! :-)
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XXX TLD's - Another mosquito to swat.
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