Do you plan to get paid from Argentine customers? If not, maybe you can consider opening a US entity through Stripe Atlas, get a quasi-bank US account through Mercury and send the received amount to Argentina via SWIFT.
No, my ucstomers would be in the US and Europe. This is a SaaS for developers. Create a US entity through Atlas is exactly what I want to avoid. I'd prefer something simpler, where I can get paid (even if they get a high cut like 5%), and then send that money to Paypal or a bank account.
Completely off topic, but developing products for developers (especially subscriptions) is difficult.
I say this as someone who has been selling to developers for 30 years as one of my core functions.
It's hard to sell to a group who premise their buying with "I could knock this up in a weekend , and do it better." Not to mention all the developers who have no work to do so code "alternatives" to Show HN.
I survived by finding an incredibly tiny niche - really a tiny niche in a tiny niche - plus doing a lot of other work while building a brand. My advice is - there are easier groups to sell to.
I don't want to invest money in a project that I am not sure is going to make any returns. Also, don't want to pay taxes in the US with Atlas, maintain a corporation there, etc.
> Running a smaller business takes the same amount of work as running a bigger one.
It does however, take a lot more capital to run the bigger one. From a personal perspective the opportunity cost of starting the bigger company is all the luxuries and security that cash-in-hand brings, not to mention the possibility of an even better business opportunity arising in the future.
Inadequate capital is a reason a lot of businesses are not viable. Thus a reason to forgo the idea.
But to be more direct, it takes as much effort to run an umdetcapitalized smaller business as iIt does to run an undercapitalized larger one and in both cases you are hoping for luck.
Not only is hope not a plan, the upside of good fortune with a smaller business is smaller than the upside of good fortunes with a larger one.
Finally, adequate capitalization is the high level bit of designing a business. Ideas are so abundant as to be worthless and cash is king.
> I don't want to invest money in a project that I am not sure is going to make any returns.
That's the underlying risk of being an entrepreneur. If it were a sure thing, everyone else would be doing it. This isn't a comment about Stripe Atlas but about the whole thing being a gamble. If you don't have the stomach for that kind of a gamble at large, being entrepreneur isn't for you.
It's easy to buy shares of Uber on the stock exchange after they went public, it's way harder to put down money on Uber in 2008. And you could be Flywheel instead of Uber.
Not OP, but- it seems OP is looking to test an idea and not paying unnecessary costs or setting up unnecessary entities abroad, exploring possible options for paying less does not mean she/he 'does not have the stomach for that kind of a gamble'- why pay more when you can pay less?
Not legally, according to my research (we run a UK Ltd). But it sucks a bit to not have a UK bank account, because for HMRC (tax office) we could not click next in an important dialogue until we entered a bank account to which tax repayments are to be paid out in the UK specific format ("account number and sort code"), which you only get with an UK bank account. This was 9 years ago.
If you open a UK Ltd fully remotely, you can get bank accounts with Wise and Revolut. Don't take only one of them, always have 2 banks. Because e.g. Revolut randomly held a medium sized customer payment (one of many, from the same long term customer) in lock for months for no good reason. We could not talk to a human to resolve it. Never rely on a single bank.
