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What should I do if Stripe is not available in my country?

What should I do if Stripe is not available in my country?

Table of Contents

Why Stripe and in which countries is it available?

Reasons for choosing Stripe

  1. Comprehensive payment options Stripe accepts a variety of payment methods including credit and debit cards (worldwide), Apple Pay, Google Pay and more. This diversity allows businesses to offer their customers a convenient and flexible payment experience.
  2. International presence
    Stripe is available in over 40 countries, including the USACanada, the United Kingdom, GermanyAustralia and many more. This global presence allows companies to expand across borders and reach customers worldwide.
  3. User-friendly integration Stripe offers a user-friendly API and numerous plugins for e-commerce platforms such as Shopify, WooCommerce and Magento. This facilitates the seamless integration of Stripe into existing websites and online stores.
  4. Attractive pricing Stripe is characterized by fair and transparent pricing. There are no monthly fees or set-up costs. Instead, a small transaction fee of around 2.9% plus a small fixed fee per successful payment is charged.
  5. Solid security measures Stripe places great emphasis on security and data protection. It meets the strictest industry standards such as PCI compliance and uses advanced fraud detection systems to prevent fraud.

What should I do if Stripe is not available in my own country?

Step 1: Establishing a US company with a registered agent

Through the foundation of a LLC (Limited Liability Company) in states such as Wyoming, New Mexico, Nevada or Delaware foreign entrepreneurs can gain access to US banking services. This involves a Registered Agent as the official address for the company.

Step 2: Obtaining an EIN (Employer Identification Number)

Once the US company is incorporated, you can apply for an EIN from the Internal Revenue Service (IRS). The EIN serves as a tax identification number for your company.

Step 3: Opening a US bank account

With the EIN, you can open a US bank account with an online bank. This will provide you with a US bank account, which is required to create a Stripe account.

Step 4: Register with Stripe

Once you have a US bank account and an EIN, you can easily sign up with Stripe and use the payment processor's services to accept payments from customers worldwide.


There are some countries whose citizens are not allowed to incorporate and register a business in the US. Here is a list of countries that are subject to these restrictions:

  • Cuba
  • Iran
  • North Korea
  • Syria
  • Russia (since 2022 due to sanctions in connection with the war in Ukraine)
  • Sudan
  • Crimean territory of Ukraine

For Citizens of these countries, it is extremely difficult or impossible to obtain a company registration or a Bank account in the USA. The reasons for this are mainly sanctions and embargo regulations imposed by the US government on these countries.

There may be a few additional countries with similar restrictions, but the above are the main countries to which restrictions apply. For nationals of all other countries, it is generally possible to incorporate a business in the US as long as the necessary steps are taken correctly.

Advantages of this solution

By taking these steps, foreign entrepreneurs can gain access to Stripe's cost-effective and user-friendly services despite the restrictions in their own countries. At the same time, they benefit from several attractive tax advantages of a US corporate structure:

  1. No corporate and business tax for foreign companies and company founders in states such as Wyoming, New Mexico, Nevada, etc.
  2. No state income taxes as a rule.
  3. No reporting obligations on the use of company funds.
  4. exemption from the payment of VAT, as the USA does not participate in the Automatic Exchange of information (AIA) of the OECD. This facilitates financial administration.
  5. Liberal regulation for foreign companies in these states.
  6. Very low annual costs of less than 200 - 350 USD for annual financial statements, etc.

The USA's non-participation in the OECD's common reporting standard (AEOI) eliminates the need to pay VAT. This considerably simplifies financial administration and reporting for foreign companies. Together with the absence of corporate, business and income tax in certain states and business-friendly regulation at minimal cost, entrepreneurs can optimally expand their business to international markets.

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Disclaimer: Please note that the above dates, tax rates and regulations may change over time. Do not make any independent decisions without first consulting an expert for your individual situation. It is in your interest to always receive individual information from an experienced expert who knows your situation.

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