Reply To: Setting up an Amazon Seller account – required info.

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Honor T
Participant

Hi Regan,

Thank you so much for your reply.  That does clear up some things.

Yes I intend to start selling in USA.

So I set up a Limited Company and a bank account in the UK with credit/debit card.

I set up an account with transferwise for Amazon to pay into and USD currency when time is right.

Can I ask do youi know if I need to be register for VAT or wait until £85,000 threshold?

If I do need to pay VAT I would need to account for this in my figures when sourcing products.

Do I need to pay/charge VAT when selling in other countries such as USA?

I am assuming I will have a company name for storefront and a brand name is that correct?  I would use the company name to set up the limited company and the Brand name will be a brand within that company?

I can open an Amazon.com professional seller account on Amazon.com around 2 weeks before my goods for my first order is being shipped.

I will then need an EIN from USA also just before goods are shipped.

With the EIN does that mean I will need to pay USA tax, just so I can include these in my figures?

Thanks again…will feel a whole lot better understanding these processes.

Honor

 

 

 

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