Afghanistan has a very restricted market and it’s always challenging to do business out of the Afghan territory especially when you don’t have the permit to travel outside Afghanistan and to countries like the U.S. If you are planning to accept payments online from Google Adsense, an online shop, Amazon or even your own website through master debit/credit card then you must have a bank account in the U.S. or in the Europe, an EIN and have your business legally registered.
Almost all countries need you to be present in order to open a bank account for you or to register your business. That means most people can’t do that and they can’t have access to the global market. But there is a solution to the problem.
Stripe has been known for one of the best payment processors around the world but it still does not have any presence in Afghanistan or nearby countries. I approached them many times to convince them to come to Afghanistan but they have no plans to do that yet. However, they have come up with a creative way to solve this big problem for millions of people around the world.
Stripe has recently announced their new program called Stripe Atlas where they register a company on your behalf in the U.S., open a bank account for you and provide you with an EIN. In addition to that, they also allow you to open a merchant account on stripe to be able to accept payments online.
What’s included in Stripe Atlas?
Form a company
Form your new company as either an LLC or C Corporation in Delaware. Stripe Atlas legal documents have been designed by Orrick for internet and technology businesses. You’ll use Stripe Atlas to generate the documents, file the paperwork, and obtain your Tax ID number. Our goal is to have you up and running within a couple days. This includes:
- Entity incorporated in Delaware—LLC or C Corporation
- Signed documents to establish company rules, founder ownership, and IP ownership
- Registered agent service, renewed annually
- IRS Employer Identification Number
- Free templates for common legal needs after formation
Bank account and debit card
Open a bank account—complete with a debit card—without visiting a branch in person or faxing in paperwork. You’ll be able to log in to your account after signing documents.
We set up a Stripe account that you can use to start accepting payments from customers in 100+ currencies right away. You can take advantage of the complete Stripe product suite, including Connect, Subscriptions, and Radar.
Issue stock to founders
C Corporations can generate and sign documents to issue stock to the founding team, with templates from Orrick and standard legal terms used by many top startups—for free!
Special offers on startup services
Stripe Atlas users can receive up to $5,000 of free credits from Amazon Web Services, and access flat-rate packages from our partners for legal and tax advice.
How much does it cost?
Stripe Atlas charges a flat fee for all of the above which is $500, you can apply for Stripe Atlas using the following link; https://stripe.com/atlas
- Formation of a Stripe Atlas LLC or C Corporation in Delaware
- Delaware state filing fees ($189 fee included)
- Signed documents to establish company rules and protect IP
- Tool to issue stock to founders (for C Corporation)
- First year of registered agent fees
- Tax ID (EIN) filing
- Bank account opening
- Access to the Stripe Atlas Community
- Free templates for post-formation legal needs