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Will any difficulties arise if I move my U.S. based merchant account offshore to the Philippines?
harvey115
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Not sure exactly how you would do this, since you would need to have a local bank and to do that you would need an SEC formed company with the minimum prescribed 5 directors. The money coming into the Philippines would then go through this company and you would pay tax. So with the company formation and finding a merchant processor here, and paying more for merchant transactions, and paying tax, what's the point?