> in most countries, it's much more expensive to pay yourself as a freelance than operate a corporation than can easily reinvest profits into itself.
Maybe. I've found people in my country tend to assume a corporation has stuff to spend on and/or be doing expenses fraud, and actually if you're doing things properly the all-in tax rate is potentially worse for a corporation by the time you actually have the money in your personal account.
> if you're hoping to process payments on Stripe, you need to be banked, and the banked entity will undergo KYB.
Perhaps, but you absolutely don't need to be a corporation for that. You give them your name and (personal) tax number and maybe a one-line description of what business you're in and that's that.
Maybe. I've found people in my country tend to assume a corporation has stuff to spend on and/or be doing expenses fraud, and actually if you're doing things properly the all-in tax rate is potentially worse for a corporation by the time you actually have the money in your personal account.
> if you're hoping to process payments on Stripe, you need to be banked, and the banked entity will undergo KYB.
Perhaps, but you absolutely don't need to be a corporation for that. You give them your name and (personal) tax number and maybe a one-line description of what business you're in and that's that.