How to Create Stripe Account in Pakistan | Start Using Strip in Pakistan

Last Updated on: 30th April 2023, 05:40 pm

While it may not be as straightforward as creating a Stripe account in some other countries, it is still possible to create a Stripe account in Pakistan. However, there may be some additional steps involved due to the country’s regulatory environment and the limitations imposed by Stripe.

You can still start using a Strip account in Pakistan by reading this. We made it easy for you to open Stripe Pakistan.

Is Stripe Available In Pakistan

As of now, Stripe is not officially available in Pakistan. However, there are still ways to use Stripe in Pakistan by using alternative methods. Stripe is available in several countries, but Pakistan is not on the list.

Despite not being officially available in Pakistan, there are still ways for Pakistani businesses to use Stripe.

One of the most common ways to use Stripe in Pakistan is by using third-party services that act as intermediaries between Stripe and Pakistani businesses.

These services can set up and manage a Stripe account on behalf of a business in Pakistan, and they may charge a fee for their services.

If Stripe Does not Work in Pakistan

If Stripe is not currently available in Pakistan, one option for Pakistani businesses is to set up a business entity in a country where Stripe is available.

This may require significant effort and expense, but it could be a viable option for businesses that plan to operate globally.

Here are some steps that Pakistani businesses can follow to set up a business entity in a country where Stripe is available.

Research countries where Stripe is available: Start by researching countries where Stripe is currently available for businesses to use. Some popular options include the United States, Canada, Australia, and the United Kingdom.

Choose a country: Once you have identified the countries where Stripe is available, choose the one that is most suitable for your business needs. Consider factors such as the ease of doing business, tax rates, and regulatory requirements.

Set up a business entity: Once you have chosen a country, you will need to set up a business entity there. This may require hiring a lawyer or consultant to help you navigate the legal and regulatory requirements.

Obtain necessary licenses and permits: Depending on the country, you may need to obtain certain licenses and permits to operate your business legally. Make sure you research the requirements and obtain all necessary documentation.

Open a bank account: You will need to open a bank account in the country where your business entity is located. This will allow you to receive payments from Stripe and manage your finances.

Sign up for Stripe: Once your business entity is set up and you have a bank account, you can sign up for Stripe using your new business details. Make sure you provide accurate and up-to-date information to avoid any issues later on.

Integrate Stripe with your website or app: Finally, integrate Stripe with your website or app to start accepting payments from customers. Stripe provides detailed documentation and support to help you get started.

See also: How to create Paypal Account in Pakistan?

How to Setup a Business Entity From Pakistan To The USA

This could be a long process for a Strip account to create in Pakistan because it is not available in your country.

The process might seem daunting, but with the right guidance, it can be done efficiently and effectively.

Understand The Types of Business Entities

The first step to setting up a business entity in the USA is to understand the different types of business entities available. The most common types of business entities in the US are sole proprietorship, partnership, limited liability company (LLC), and corporation.

As a Pakistani entrepreneur, the best option for you might be an LLC, as it is relatively easy to set up and has lower tax requirements.

Choose a State

Once you’ve decided on the type of business entity, the next step is to choose the state where you want to set up your business. Delaware, Nevada, and Wyoming are popular choices because they have business-friendly tax laws and offer asset protection to business owners.

You can also choose any other state in the USA that suits your business needs.

Find a Registered Agent

To set up a business entity in the USA, you need to have a registered agent who can receive legal documents and notifications on behalf of your company. A registered agent can be a person or a company.

It is important to choose a registered agent who is reliable, trustworthy, and has experience in handling legal matters.

Just go to Google and write “Registered Agents [Country name Or Cirty Nmae]”

As a Non-resident, you can register your LLC in any state of the USA if you have the following:

1. Passport /photo ID
2. US address (You can use a virtual address)
3. US phone number ( Use Skype or VYKE to buy a USA phone number)
4. Business e-mail
5. Visa / Master card for the payments (Pakistani Card are also fine)
6. Services provider/agent

File for Formation

The next step is to file for formation in the state where you want to set up your business entity. This involves submitting the necessary documents and paying the required fees.

The documents required vary by state but typically include Articles of Organization or Certificate of Formation. Once the state approves your documents, you’ll receive a certificate of formation, which confirms the legal existence of your business entity.

Obtain an EIN

An EIN (Employer Identification Number) is a unique nine-digit number that is assigned to your business entity by the IRS. It is necessary for tax purposes, opening a bank account, and hiring employees. As a Pakistani entrepreneur, you can apply for an EIN online by filling out an SS-4 form on the IRS website.

Open a US Bank Account

To operate your business entity in the USA, you need to have a US bank account. However, as a non-resident of the US, opening a US bank account can be challenging. You can choose to work with a bank that has a presence in Pakistan and the USA, or you can work with a payment gateway provider that specializes in helping non-residents set up a US bank account.

Comply with Tax Obligations

Once you’ve set up your business entity in the USA, you need to comply with all tax obligations. This includes federal, state, and local taxes. You may need to file income tax returns, pay sales tax, and withhold taxes from employee paychecks.

Stripe supported countries

Currently, Stripe is supported in 46 countries.

• Australia
• Austria
• Belgium
• Brazil
• Bulgaria
• Canada
• France
• Germany
• India
• Italy
• United Kingdom
• United States
• more

Stripe Alternatives In Pakistan

1. Payoneer
2. Skrill
3. Payza
4. Wise

How to Open Stripe Account

Keep the above discussion in mind before creating a stripe account in Pakistan. As we know Pakistan is not listed among the approved countries.

Start Setup Strip Account NOW!

Go to the Stripe website

Open your web browser and go to Stripe (stripe.com).

Click on “Create account”

Click on the “Create account” button on the homepage. This will take you to the account creation page.

Enter your email and password

On the account creation page, you will need to enter your email address and create a password. Make sure to use a secure password that you can remember.

Enter your business details

Now, you will need to enter your business details, such as your business name, address, and phone number. If you are creating an account as an individual, you can enter your personal information.

Verify your email address

Stripe will send you an email to the address you provided. Click on the link in the email to verify your email address.

Provide additional information

After verifying your email address, you will need to provide additional information about your business, such as your industry, website, and business type. You will also need to provide your bank account information so that Stripe can deposit payments into your account.

Submit your application

Once you have provided all of the necessary information, review your application and click the “Submit” button.

Wait for verification

Stripe will review your application and may ask you for additional information. Once your account is approved, you will receive an email from Stripe letting you know that you can start using your account.

Start accepting payments

Now that your Stripe account is set up and you can start accepting payments from customers. You can integrate Stripe into your website or mobile app to allow customers to pay with a credit card or other payment method.

Note: Stripe may also require additional information from you depending on your business type, location, and processing volume. Make sure to provide accurate and up-to-date information to ensure a smooth account setup process.