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E-Commerce Gold
This is for clients that want to accept credit card payment for products or services that are available on their web-site. Possible applications include pre-paid reservations for hotels, golf, fishing, tours etc., as well as purchasing various products.
Clients can make thousands of dollars in new sales every month, improve their cash flow, and manage their resources with more confidence. In addition, companies pay 0% corporate tax on their earnings at source*.
How it works
We transfer your site to our Web server. We setup an automated system that is integrated into your website so that after your customer has selected his purchase, he can order it, enter his credit card info and pay for it at that moment. He will receive a copy of the transaction via e-mail, as will you. The money is deposited into an offshore account which we have setup for you. You can access your money through the use of international wire transfers with no restrictions.
Requirements
1. Switch to Caboshops.com Secure Server for all hosting and credit card payment services.
2. Bermuda incorporated company with Bermuda address (we can arrange)
3. Bermuda Bank account (we will arrange)
Costs
Startup
Due Diligence Test: cost to be determined after application
Any company or individual wishing to do business from Bermuda is required to undergo certain investigations to ensure that they are not involved in any illicit activities or activities which may be legal in their own jurisdiction but are proscribed under Bermuda regulations. This investigation includes but may not be limited to criminal and civil background checks on individuals or beneficial owners on companies, as well as credit reporting and business practice investigations
Initial setup: $2,000. This includes the establishment of an electronic shopping cart, credit card verification, authorization
Incorporation with Bermuda address: $300.
Establishment of Bermuda bank account: $100
Annual Bank Fee $2000
Monthly Fees
E-Commerce management - $250
Bank Fees
Discount Rate - 3.25% - 6.5%
Transaction Cost: 30 to 40 cents
Other bank charges may apply such as monthly fees, wire tranfers
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