Quote:
Originally posted by PureMeds
This is what Ive gathered so far:
You will pay 500-750 to get an account
You will pay an anual fee to keep the account
If based outside the us, you will need to form an entity, which as I understand from setting up investment corps, can be done in a file cabinet in nevada for example. This would cost around 750 to have a lawyer set it up.
The big downfall is being double taxed on your income, but im sure there may be a way around this. So, all in all webmasters who wish to have high-risk processing need to pay around 2,000 dollars to continue.
Not that bad in my estimation.. but seems like a precursor to tougher times ahead.
Visa simply wants to ensure that people running a website are also capable of running a business. Makes sense.. kind of
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the question of what canadian base webmasters is not a small one. there are more than a few of us hanging around. And, as usual, it's more than a little irritating to see rules implemented for the US market where it's obvious no thought has been given to the fact that there is an entire world outside of the US borders.
we live in interesting times. hopefully there will be a solution and hopefully that solution will a simple one.
and as to puremeds quote above... as a canadian why would setting up a 'presence' in the US with all the tax ramifications show that I am cabable of running a business? we can set up corporations here in our little igloos too, you know.