I am new member to the forum and I really thank everyone to be part of the forum and helping others…
I am about to start a new firm sitting here in India and registering in USA( I am taking care of the registration with help of my uncle in USA).
Its a E- learning industry where US citizens pays me online(through payment gateway) and use my videos/materials etc.
The big problem is “” HOW TO BRING THE MONEY BACK TO INDIA"???
The money gets into the bank account when my customers make the payment… Now for me to bring the money back to India legally, should I show the Indian Registration. If so, then i am ending up with
- Taxes in USA
- Taxes in India
I have to pay salaries to my team in India who are working, I am sure I can contact an experienced lawyers but they just take care of the registration and move away.
I dont want to be in a hectic situation down the line.
I am sure, there are similar startups and they would have known the procedure… Thanks in advance.