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Hiring people in different countries can open up access to great talent, but paying everyone correctly is where things can become complicated. Different countries have their own tax rules, employment laws, currencies and payroll requirements, making international payroll far more difficult than simply sending a monthly payment.

Global payroll services take much of this administrative work off a company's hands. Depending on the provider, businesses can use them to pay international employees and contractors, manage taxes and deductions, handle local compliance and, in some cases, hire workers through an employer of record. This can make expanding a remote team much easier.

The right provider will usually depend on factors like where your team is based, how you hire and how much support you need. Some platforms focus on payroll, while others combine payroll with contractor management, benefits and HR tools. Below, we compare 15 global payroll services for remote teams, including what each offers and who they may suit best.

Also read: How companies run bulk payouts to international contractors

What is a global payroll service and how does it work?

A global payroll service helps businesses pay employees and contractors who work across different countries. Instead of managing every country's payroll rules separately, a company can use one provider to handle payments, tax requirements, payroll calculations and other administrative tasks across multiple locations. This becomes especially useful as a remote team grows.

Unlike domestic payroll, international payroll has to account for different tax systems, currencies, employment regulations, reporting requirements and payment schedules. A company paying someone in the UK, for example, may have very different obligations from one paying a worker in Brazil or Germany. A global payroll provider helps businesses manage these differences without building separate payroll processes for every country.

Some providers also offer Employer of Record (EOR) services. While payroll services primarily help manage payments and compliance, an EOR can legally employ workers on a company's behalf where the business does not have its own local entity. The two services can therefore work together, but they are not the same thing.

Read also: 5 red flags when choosing an international payment platform.

15 best global payroll providers for international teams

Deel: Comprehensive international hiring engine offering fast onboarding alongside powerful contractor management workflows.

• Strength: Rapid, automated global contractor onboarding and multi-currency payouts.
• Best fit: Fast-growing startups heavily relying on cross-border freelance teams.

Remote: Fully owned-entity legal infrastructure delivering highly stable, compliant cross-border payroll processing.

• Strength: Tighter risk management via direct entity ownership over third-party aggregators.
• Best fit: Compliance-focused organisations seeking transparent EOR and payroll combinations.

Rippling: Unified global workforce solution connecting localised payroll with domestic IT hardware provisioning.

• Strength: Deep cross-departmental automation linking employee data, applications, and hardware.
• Best fit: Tech companies wanting consolidated IT, finance, and global HR systems.

Papaya Global: Advanced fintech-driven engine delivering powerful gross-to-net reporting across global jurisdictions.

• Strength: Unified payments network automating direct cross-border worker bank deposits.
• Best fit: Mid-market and enterprise finance teams requiring deep accounting analytics.

ADP GlobalView: Heavy-duty global compliance network backed by unparalleled legacy payroll processing infrastructure.

• Strength: Robust governance designed to scale across complex multi-country operational structures.
• Best fit: Fortune 500 multinationals with existing domestic ADP infrastructure configurations.

Oyster HR: Dedicated international employment platform offering straightforward pricing and clear global onboarding.

• Strength: Intuitive, mission-driven dashboard minimising local worker misclassification risks.
• Best fit: Distributed remote-first companies expanding rapidly across diverse foreign markets.

Globalization Partners (G-P): Enterprise-grade employment framework providing high-touch legal guidance across many foreign jurisdictions.

• Strength: High-touch premium legal support reducing risks for multi-country expansions.
• Best fit: Established corporations prioritising strict risk management without local entities.

Multiplier: Highly cost-effective global platform delivering predictable flat-rate international employment service pricing.

• Strength: Instantly generated, fully localised benefits packages meeting specific country regulations.
• Best fit: Budget-conscious businesses requiring flat-rate multi-country employee management.

Remofirst: Budget-friendly international EOR provider omitting complex setup or costly onboarding fees.

• Strength: Exceptional cost transparency featuring lowest-in-industry baseline monthly service rates.
• Best fit: Capital-efficient early startups executing basic global remote hiring plans.

CloudPay: Specialised cloud-based treasury management platform organising multi-currency worker salary distributions.

• Strength: Integrated on-demand earned wage access feature for global payroll teams.
• Best fit: Mid-market operations requiring specialised global payroll and unified treasury apps

Safeguard Global:

• Strategic managed services provider blending modern software with regional payroll experts.
• Strength: Hybrid service architecture assisting companies navigating regional local tax regulations.
• Best fit: Mid-market organisations desiring an expert outsourced local payroll department.

Velocity Global: Advisory-led international growth firm providing tailored, high-touch workforce mobilisation solutions.

• Strength: Specialised human guidance assisting with complex corporate cross-border transition phases.
• Best Fit: Midsize firms seeking consultative advisory partnerships over basic self-serve software.

Lano: Modular multi-country network enabling unified management of existing local payroll providers.

• Strength: Aggregates disparate localised vendor dashboards into one centralised interface.
• Best fit: Businesses holding established local entities wishing to consolidate independent providers.

Atlas HXM: Direct international entity owner delivering centralised end-to-end global workforce management capabilities.

• Strength: Fully localised internal corporate compliance chain skipping volatile partner networks.
• Best fit: Middle-market companies seeking non-aggregated, single-source international workforce frameworks.

Justworks: Domestic payroll extension providing effortless, compliant cross-border independent contractor payments.

• Strength: Seamless international payment transitions for businesses already using Justworks domestically.
• Best fit: U.S. small businesses scaling globally by utilising international independent freelancers.

How to choose the right global payroll provider

• Countries covered: Check that the provider supports every country where your team currently works and any markets you plan to enter. Coverage matters if your remote workforce is likely to expand.
• Compliance support: Look for providers that keep up with local tax rules, employment regulations, reporting requirements and statutory payments. Strong compliance support can reduce mistakes and the risk of penalties.
• Pricing: Compare the full cost rather than looking only at the advertised starting price. Check transaction fees, employee charges, contractor costs, currency conversion fees and additional charges for extra services.
• Integrations: Choose a platform that connects with your existing HR, accounting, finance and time-tracking software. Good integrations can reduce duplicate data entry and make payroll administration much easier.
• Customer support: Consider how quickly you can reach the provider when something goes wrong. Responsive support is particularly important when dealing with payroll deadlines, international payments or country-specific compliance questions.

Do you need payroll to pay international contractors?

For a small business working with a few independent contractors, a full payroll service can sometimes be more than you actually need. If contractors are responsible for their own taxes and benefits, you may simply need a reliable way to pay them.

Direct contractor payments can make sense when you have a small, straightforward team, particularly if everyone works independently and you are not managing employees across multiple countries. In these cases, paying invoices directly can keep your setup simpler and reduce unnecessary payroll administration.

A full payroll service becomes more useful as your team grows or your hiring becomes more complex. If you are paying employees in several countries, managing tax requirements or dealing with different employment rules, specialist support can save considerable time and reduce compliance risks.

How to pay international contractors

Paying international contractors becomes more complicated as your team grows, especially when you have multiple contractors across different countries and need to make payments on a regular schedule. Businesses need a payment solution that can handle these payouts efficiently without creating a separate banking process for every contractor.

Grey Business helps companies simplify international contractor payments with bulk payouts, allowing businesses to pay multiple contractors across borders in one streamlined process. For example, a US company with contractors in the Philippines can use Grey Business to send payments in USD to its contractors, making it easier to manage recurring international payroll from one enabling businesses to pay multiple contractors across borders in a single, place.

This is particularly useful for businesses with distributed teams, agencies and companies working with contractors across multiple markets. Rather than processing each payment individually, finance teams can manage multiple contractor payments together, making international payroll faster and easier to manage.

Frequently asked questions on the best global payroll services for remote teams

What is global payroll?

Global payroll is the process of paying employees and contractors who work across different countries while managing the tax, reporting and employment requirements that apply in each location. A global payroll provider can bring these processes together, making it easier for businesses to manage international payments without running separate systems for every country.

Do I need payroll for contractors?

Not necessarily. If you only work with a small number of independent contractors, you may be able to pay them directly based on their invoices and agreed terms. A payroll service becomes more useful when your contractor network grows or you need help managing payments, compliance and records across multiple countries.

What is the difference from an EOR?

A payroll provider helps manage payments, tax requirements and payroll administration, while an Employer of Record (EOR) legally employs workers on your behalf in countries where you do not have a local entity. An EOR therefore handles employment responsibilities that go beyond simply processing someone's pay.

How much does global payroll cost?

Global payroll pricing varies depending on the provider, number of workers, countries covered and services included. Some charge per employee each month, while others use different pricing structures. Extra costs may apply for contractor payments, currency conversion, tax support, integrations or EOR services, so compare the complete cost.

How do contractors get paid?

Contractors usually submit an invoice or payment request based on the agreed work and payment schedule. Businesses can pay them through bank transfers or international payment platforms. For overseas contractors, services such as Grey can make it easier to receive international payments, manage supported currencies and move money.

What is the best option for a small team?

For a small team, the simplest option is often the most practical. If you only have a few contractors, paying them directly may be enough. As your team expands across countries, a payroll provider can reduce administrative work and help you manage international payments and compliance more efficiently.

Choosing a business structure can feel like a small decision until taxes, personal liability and registration requirements start affecting how you run your company. For international entrepreneurs setting up a business in the US, the choice between a sole proprietorship and an LLC can have important financial and legal implications.

A sole proprietorship may offer a simpler way to start, while an LLC provides a separate legal structure that can offer greater protection for your personal assets. The right option depends on your business activities, risk, tax situation and plans for growth.

Before registering your US business, it is worth understanding how each structure works and what it means for you as a business owner.

Also read: How to Register as Self-Employed: UK and US Guide

LLC vs sole proprietorship: the key differences at a glance

If you are deciding between keeping things simple or creating a separate legal business entity, these are the differences that matter most.

What is a sole proprietorship?

A sole proprietorship is the simplest business structure in the US. It is essentially you and your business under the same legal identity. If you start freelancing, sell products, offer consulting services or run a small business without registering another business entity, you may already be operating as a sole proprietor.

How does it starts?

Unlike an LLC, you generally do not create a sole proprietorship by filing formation documents with the state. It can arise automatically when you carry on a business by yourself without choosing a different legal structure. You may still need to register a trade name, obtain licences or permits and deal with local requirements depending on where you operate.

Why do people choose it?

The appeal is straightforward: less administration and lower setup costs.

• Easy to start
• Fewer ongoing formalities
• Simple tax reporting
• Complete control over business decisions

For someone testing a business idea or working independently, that simplicity can be valuable.

The biggest drawback is personal liability. Because the business and owner are not legally separate, business debts and certain claims can put your personal assets at risk. If the business grows or takes on greater financial or legal risk, an LLC may provide a more suitable structure.

What is an LLC and how is it different from a sole proprietorship?

If you are comparing an LLC vs sole proprietorship, the biggest difference is what happens when the business and the owner are treated as separate. A limited liability company (LLC) is a business entity created under state law. Unlike a sole proprietorship, the LLC generally creates a legal separation between you and the business.

How an LLC is formed

Setting one up usually involves a few practical steps:

• Choose an available business name that meets your state’s rules.
• Appoint a registered agent.
• File Articles of Organisation with the state.
• Pay the required formation fee.
• Create an operating agreement where appropriate.
• Apply for an Employer Identification Number (EIN) if needed.

For example, imagine you run a small web design business. As a sole proprietor, a business debt is generally your personal responsibility. With an LLC, the company generally stands separately, meaning your personal assets may receive protection from business debts and certain claims. That protection is not absolute, however, and personal guarantees, fraud and some other circumstances can still create personal liability.

How taxes work

For federal income tax purposes, a single-member LLC is generally treated as a disregarded entity by default, meaning its business income typically passes through to the owner's personal tax return. An LLC can also elect different tax treatment if eligible.

So, when weighing an LLC vs sole proprietorship, think beyond the registration fee: liability, administration, taxation and the level of risk your business carries all matter.

Also read: Freelancer vs Employee Tax: What You Owe Compared

What are the key differences between an LLC and a Sole Proprietorship?

Choosing between an LLC vs sole proprietorship often comes down to three practical questions: what happens if the business owes money, how will the income be taxed, and how much will the structure cost to maintain?

Personal liability

A sole proprietor and the business are legally the same. If the business cannot pay a supplier or faces a qualifying lawsuit, the owner’s personal assets can potentially be exposed.

An LLC generally creates a legal separation. For example, if your design business owes $20,000 in business debts, the LLC structure can generally protect your personal savings and property from those business obligations. That protection has limits, particularly where you personally guarantee a debt or engage in wrongful conduct.

Taxes

A sole proprietor normally reports business income on their personal tax return and generally pays self-employment tax on net earnings.

A single-member LLC is usually taxed similarly by default for federal income tax purposes, so forming an LLC does not automatically eliminate self-employment tax. However, an eligible LLC can choose a different tax classification, such as S corporation treatment, which may change how some income is taxed.

Cost

A sole proprietorship is usually the cheaper option because there is generally no state formation filing simply to create the structure.

An LLC normally involves a state filing fee and may have recurring annual or biennial fees, reports or taxes depending on the state. So while an LLC can provide valuable protection, it also comes with additional administrative costs and responsibilities.

Which is right for you: an LLC or sole proprietorship?

There is no universal winner in the LLC vs sole proprietorship decision. The better choice depends on what you are building, how much risk you are taking on and where you expect the business to go. A freelancer testing an idea with a few clients has different needs from someone signing large contracts or employing staff.

Start simple when the risk is low

A sole proprietorship can make sense when you are working alone, keeping costs down and testing whether your idea can make money. For example, a freelance writer earning modest income from a handful of clients may prefer the simpler setup while getting established.

Consider an LLC as things grow

An LLC may become more attractive when the business starts taking on greater financial or legal risk. You might consider one if you are:

• Signing larger contracts
• Hiring employees or contractors
• Taking on business debt
• Holding significant business assets
• Working in an industry where liability is a bigger concern

You do not necessarily have to start with an LLC. Some people begin as sole proprietors, prove that the business works, then form an LLC when their income, clients or exposure increases. The important thing is to review the decision as the business changes rather than choosing a structure and forgetting about it.

How to get paid as a US Based business

Once your business starts bringing in money, getting paid is only half the job; you also need a sensible place to receive, hold and move that money. A US business bank account can handle everyday expenses, payroll, subscriptions and payments from domestic customers while keeping business finances separate from personal spending.

International clients can make things slightly more complicated. A client in the UK, for example, may need to pay you in USD, while another client in Europe may prefer a different payment route. That is where having access to suitable foreign-currency payment options can make receiving international income easier.

[Grey](https://app.grey.co/auth/register?) can complement your business banking setup when you work with clients across borders. You can receive and manage supported currencies, including USD, through your Grey account, then convert or move funds when needed. This can be useful for freelancers, agencies and online businesses earning from international clients. Download the Grey app to create an account and check the currencies and services currently available to your business.

Frequently asked questions on LLC and sole proprietorship

Is an LLC better than a sole proprietorship?

Not necessarily. A sole proprietorship is usually simpler and cheaper, while an LLC generally offers personal liability protection and a more formal business structure. The better option depends on your business risk, income, plans for growth and willingness to handle additional state filings, fees and administrative requirements as your business develops.

Do I need an LLC to start?

No. You can start many small businesses as a sole proprietor without forming an LLC. For example, a freelancer testing an idea with a few clients may prefer the simpler route. You may still need local licences, permits or a registered business name depending on your location and activities.

Can I switch from sole proprietor to LLC?

Yes. Many business owners start as sole proprietors and later form an LLC as their income, clients or business risks increase. You generally create the LLC through your state, obtain any required tax identification numbers and update contracts, accounts, licences and registrations so the business operates under its new structure.

How are they taxed differently?

A sole proprietor generally reports business income on their personal federal tax return and pays self-employment tax on net earnings. A single-member LLC is usually taxed the same way by default. However, an LLC may be eligible to elect different tax treatment, potentially changing how some income is taxed.

Which is cheaper?

A sole proprietorship is generally cheaper because you typically do not pay a state formation fee simply to create the structure. An LLC usually requires an initial filing fee and may have recurring state fees, reports or taxes. The exact cost varies significantly by state, so check local requirements before deciding.

Does an LLC protect my personal assets?

Generally, yes. An LLC creates a legal separation between the business and its owners, which can protect personal assets from many business debts and claims. However, protection is not absolute. Personal guarantees, fraud, certain taxes and wrongful acts can still create personal liability, so an LLC is not complete immunity.

With the rise of remote work, freelancing, and global trade, receiving international payments securely in Mexico is more important than ever. Many traditional payment methods have high fees, slow processing times, and security risks. Choosing the right international payment solution ensures you receive funds quickly, affordably, and without unnecessary complications.

In 2023, international remittances to Mexico reached $63 billion, reflecting the increasing reliance on cross-border transactions. As global transactions grow, so does the need for secure and efficient payment solutions.

In this article, I’ll explore why secure payment methods matter, the best options available in Mexico, and why Grey is the ideal choice for hassle-free international transactions.

Why you need a secure way to receive international payments

Avoid scams:  International transactions can be vulnerable to fraud. Using secure platforms ensures your payments are protected from unauthorized access and scams.

Fast and reliable transactions: Delayed payments can disrupt cash flow, especially for freelancers and businesses relying on timely income. A secure payment system ensures quick and consistent transactions.

Lower transaction costs:  Some payment methods have hidden fees and unfavourable exchange rates. Choosing a secure and cost-effective option helps maximize your earnings.

Regulatory compliance: Mexico has strict financial regulations. Secure international payment platforms comply with legal requirements, ensuring smooth transactions without legal issues.

Also read: How to get an instant USD debit card in Mexico

Ways to receive international payments in Mexico

Regular bank transfers: Major banks like BBVA, Santander, and Banorte allow international wire transfers, but they often come with high fees and slow processing times.

PayPal:  This is a popular option for freelancers and e-commerce businesses, but currency conversion rates can reduce your earnings.

Western Union & MoneyGram: These services are useful for receiving cash quickly, but fees and in-person pickups may not be ideal for regular transactions.

Grey: It provides multi-currency accounts in USD, GBP, and EUR, making it easy to receive international payments and convert funds at competitive exchange rates. With Grey, you can withdraw directly to your local bank account hassle-free.

Why Grey is the best way to receive international payments in Mexico

Multi-currency accounts: Receive payments in USD, GBP, and EUR without worrying about high conversion fees.

Fast processing: Payments are credited quickly, ensuring steady cash flow.

Competitive exchange rates: Convert and withdraw your funds without losing money on poor exchange rates.

User-friendly platform: The app and web platform make it easy to manage your transactions.

Also read: Best virtual Mastercards for online payments in Egypt

Steps to set up your Grey account

1. Sign up

Register on the Grey website or download the mobile app. Click “Sign Up” and enter your details to create an account.

2. Verify your identity

Upload the required documents, such as your passport, national ID, or driver’s license, for verification. Grey may also request proof of address to enhance security.

3. Create a foreign account

Once verified, you can request a USD, GBP, or EUR account, allowing you to receive international payments directly from clients and businesses. Grey provides official account details, including IBAN, SWIFT code, and account number.

4. Share your payment details

Provide your Grey account details to international clients, employers, or payment platforms like Upwork, Fiverr, Payoneer, or Stripe.

5. Withdraw your funds

Log in to your Grey dashboard to check your balance. Convert your USD, GBP, or EUR to Mexican Pesos (MXN) at competitive exchange rates. Once converted, withdraw your funds directly to your local bank account.

Also read: How to pay for online courses from Mexico with Grey

Secure international payments with Grey

As global transactions continue to grow, having a secure, fast, and cost-effective way to receive international payments in Mexico is essential. Grey offers a seamless solution with multi-currency accounts, competitive exchange rates, and instant withdrawals, ensuring you get paid without hassle.

Create your Grey account today or download the app to enjoy inclusive global banking, designed to carry your dreams across borders.

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International money transfers are a frequent target for scammers looking to exploit unsuspecting people.

Fortunately, secure platforms like Grey provide a safe and transparent way to send money, minimising risks and ensuring peace of mind. This guide highlights common scams, red flags to watch for, and practical tips to help keep your transactions secure.

Also read: How to receive payments from Guru in South Africa in 2025

Common scams targeting money transfers to South Africa

Here are some of the most common scams affecting international money transfers:

1. Romance scams

Fraudsters create fake online profiles and build emotional connections, eventually requesting money for emergencies, travel, or financial hardships.

2. Business opportunity scams

Scammers pose as businesspeople, offering investment deals or franchises in South Africa. They typically request upfront payments for “permits” or “processing fees.”

3. Fake inheritance scams

Victims receive emails or messages claiming they have inherited a large sum of money from a relative in South Africa, but must pay “legal fees” to access it.

4. Family emergency scams

Scammers impersonate distressed relatives or friends, claiming to need urgent financial help for medical emergencies or legal troubles.

5. Online shopping scams

Fraudulent sellers advertise goods on fake e-commerce sites or social media, take payment, and never deliver the promised items.

Also read: How to get an instant USD debit card in South Africa

Red flags to watch out for when sending money to South Africa

Recognising these warning signs can help prevent fraud:

• Urgency: Scammers pressure you to act immediately.
• Unusual payment methods: Requests for payments via unconventional methods should raise suspicion.
• Poor grammar and communication: Many scam messages have spelling errors and inconsistencies.
• Refusal to meet or provide identification: Fraudsters avoid video calls or in-person meetings.
• Too good to be true promises: Unrealistic investment returns or deeply discounted goods are likely scams.
• Lack of verifiable online presence: Legitimate businesses and individuals usually have traceable records.

Also read: How to receive Amazon payments in South Africa

Practical tips for sending money safely to South Africa

1. Verify recipient identity

Before transferring money, confirm the recipient’s details through official channels.

2. Choose secure platforms like Grey

Grey ensures secure transactions, protecting your funds from fraudsters.

3. Research investment opportunities

Before investing in South Africa, verify business credentials, consult financial experts, and check regulatory approvals.

4. Use secure payment methods

Avoid cash transactions or payment platforms without fraud protection.

5. Confirm emergencies independently

Contact family members directly if someone claims to need urgent financial help.

6. Ignore unsolicited financial requests

Be sceptical of unexpected messages asking for money or personal information.

7. Understand payment risks

Avoid risky transactions that lack tracking or refund options. Grey provides a secure, traceable method for payments.

8. Protect personal information

Never share sensitive banking details with unverified contacts.

9. Report suspected scams

If you suspect fraudulent activity, report it immediately to local authorities, your bank, or the transfer service used.

Also read: How to avoid scams when sending money to Algeria

Choose Grey for secure money transfers to South Africa

Scammers are constantly evolving their tactics, but using a trusted platform like Grey significantly reduces the risk. With multi-currency support, secure transactions, and competitive exchange rates, Grey ensures that your money safely reaches its intended destination.

Create your Grey account today or download the app to enjoy inclusive global banking, designed to carry your dreams across borders.

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Financial freedom has never been more important than it is today. Everyone is looking for the best way to manage their finances. It doesn’t matter who you are: a freelancer juggling international clients, a remote startup founder, or a digital nomad hopping time zones.

Many countries now offer the option of offshore bank accounts with relatively low tax implications, remote access, and minimal setup requirements. It’s great for global citizens.

In this guide, we’ll explore some of the best countries to open an offshore bank account, especially if you're after low taxes, flexible access, and global convenience. Then I’ll show you how Grey offers a modern solution to multi-currency banking.

What are the advantages of an offshore bank account?

There are several reasons why opening a bank account abroad makes financial sense:

• Asset protection: Safeguard your funds from economic instability in your home country.
• Currency diversification: Hold and manage funds in multiple stable currencies.
• International access: Spend, save, or invest globally without relying solely on your local bank.
• Remote setup: Many modern offshore accounts can be opened online without physical presence.

Now, let’s break down the top countries worth considering.

Also read: The easiest way to open an offshore bank account online for free

Top countries to open an offshore bank account

1. Belize

Belize is one of the most popular offshore banking destinations in the world — and for good reason. It offers political stability, strict banking secrecy laws, and favourable tax regulations. The account opening process is relatively simple, and you can often apply remotely.

Most Belizean banks don’t require large opening deposits (some start as low as $1,000), and there are no exchange controls. Importantly, there are no capital gains or inheritance taxes, making Belize a preferred choice for individuals and small businesses looking for tax efficiency.

2. Cayman Islands

The Cayman Islands offers a high level of privacy, stability, and zero direct taxes — including income, capital gains, and corporate taxes. It’s no surprise that investors and high-net-worth individuals favour it.

Banks in the Caymans are extremely secure, but opening an account may require more documentation and a higher minimum deposit. Still, for anyone looking to preserve wealth or manage investments, it’s a top-tier option.

3. Singapore

Singapore is Asia’s leading financial centre and is known for its robust regulations and excellent digital infrastructure. Offshore banking in Singapore is great for freelancers and business owners who want a secure base in Asia.

You can open a multi-currency account here and benefit from fast transfers, low taxes on foreign income, and competitive interest rates. Although the process is stricter than in some jurisdictions, the financial security is unmatched.

4. British Virgin Islands (BVI)

The British Virgin Islands is a top destination for forming offshore companies and holding bank accounts. It offers strong asset protection, no personal or corporate income taxes, and minimal reporting requirements.

If you're a digital entrepreneur or remote consultant, the British Virgin Islands is particularly attractive for separating your personal and business finances and accessing international markets.

5. Switzerland

Switzerland is synonymous with private banking. Opening a Swiss account offers long-term stability, privacy, and competitive interest rates. While not the cheapest option, it’s ideal for those focused on security and international investment.

6. Mauritius

Mauritius is emerging as a fintech and offshore hub, especially for African entrepreneurs. The government has made it easy for foreigners to open accounts, and taxes are low, with a corporate tax rate of just 15%, and exemptions on foreign income under specific conditions.

Mauritius offers a convenient and strategic location with strong banking infrastructure for digital nomads and businesses operating from Africa.

7. Estonia

Estonia revolutionised the concept of digital citizenship with its e-Residency programme. This allows you to register a business and open a bank account entirely online.

It’s an attractive destination for freelancers and small business owners. Estonian banks are secure and support multi-currency accounts, and the government offers tax breaks on reinvested profits.

Also read: The easiest way to get a virtual dollar account for AdSense earnings

Grey: a modern alternative to traditional offshore banking

While opening an account in any of these countries has its benefits, it can also come with red tape, high deposit requirements, and long approval times. That’s where Grey comes in.

Grey gives you access to virtual foreign bank accounts without the need to travel or file endless paperwork. It’s the fastest way to enjoy many of the perks of offshore banking — right from your phone.

What you get with Grey

• Multi-currency accounts: Instantly receive USD, GBP, and EUR payments.
• Hold and convert when you choose: No forced conversions — convert your funds when exchange rates are favourable.
• Local withdrawals: Easily convert to local currency (e.g., NGN, KES, ZAR) and withdraw to your bank or mobile wallet.
• No excessive fees: Enjoy low conversion fees and competitive exchange rates.
• Trusted platform: Built for freelancers, remote workers, and global professionals.

Also read: Avoid these costly mistakes while applying for remote jobs worldwide

How to open a Grey account

Getting started with Grey is as simple as it gets:

1. Sign up: Visit the Grey website or download the app.
2. Verify your identity: Upload a valid ID, selfie, and proof of address.
3. Create your account: Once verified, you’ll receive your virtual USD, GBP, and EUR account details.
4. Start receiving payments: Use these account details for platforms like Amazon, Upwork, Fiverr, Payoneer, and direct clients.
5. Convert and withdraw: Convert when you’re ready and withdraw to your local bank.

It’s everything you need to manage cross-border income. Offshore banking is a powerful tool for financial independence, whether you’re looking to reduce taxes, expand globally, or diversify your income sources. Countries like Belize, Singapore, Mauritius, and Estonia offer fantastic options, depending on your goals.

But if you want a fast, flexible, and regulation-compliant alternative, Grey is your best bet. It gives you instant access to international currencies, smart FX tools, and local withdrawals — no flights, no forms, no waiting.

Create your free Grey account today or download the app to enjoy inclusive global banking, designed for you to carry your dreams across borders.

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Etsy is a global marketplace for creatives, offering a platform to sell handmade items, vintage products, and craft supplies to millions of buyers worldwide. This is a unique opportunity for Australian creatives to showcase their unique products and tap into a global audience.

In this article, I’ll show you how to streamline your Etsy payments and manage your finances seamlessly using Grey.

Why selling on Etsy is worth it

Etsy is a favourite among buyers and sellers for several reasons:

• Global reach: Reach millions of buyers worldwide who value handmade and vintage products.
• Diverse product categories: From jewellery and clothing to art and home decor, there’s space for nearly every creative passion.
• Supportive community: Etsy provides a network of sellers and buyers who appreciate craftsmanship.

Also read: How to receive USD payments on Etsy as a seller in the UK

How to receive Etsy payments as a seller in Australia

Grey is an easy solution for receiving international payments as an Australian Etsy seller. Follow these steps to get started:

1. Open your Grey app

Log in to your Grey account or create one on the Grey website or download the mobile app to access international bank accounts in USD, GBP, or EUR.

2. Link your Grey account to Etsy

• Log in to your Etsy seller account.To learn how to set up an Etsy account, read How to set up an Etsy account for beginners
• Choose how you get paid.

• Select your bank’s country

• Choose whether you’re registering as an individual or a business

• Enter your personal information, i.e. name and address.

• Add your Grey US, EU, or UK bank account details, depending on your preference.

• Etsy will process payments to your Grey account, making it easy to manage your earnings.

With your Grey account linked, you can receive Etsy payouts directly into your international bank account.It is important to note that depending on the location you pick, you may have to fill in a valid address and social security number for your account to be verified.

Also read: How to receive USD payments on Etsy as a seller in Poland

Why use Grey for Etsy payments?

Grey simplifies the payment process for Australian Etsy sellers. Here’s why it’s the best choice:

• Access to multiple currencies: Receive payments in USD, GBP, or EUR, depending on your buyers’ preferences.
• Competitive exchange rates: Maximise your earnings when converting to MXN.
• Secure transactions: Grey’s robust security features ensure your funds are protected.
• Hassle-free withdrawals: Transfer your earnings to your local bank account with ease.

Also read: How to withdraw to your local bank account on Grey

Tips for succeeding as an Australian seller on Etsy

• Optimise your listings: Always use high-quality photos and detailed descriptions to make your products stand out.
• Offer international shipping: Expand your customer base by providing global shipping options.
• Respond quickly: Engage with buyers by answering queries promptly and addressing concerns professionally.
• Leverage social media: Promote your products on platforms like Instagram and Pinterest to drive traffic to your Etsy shop.

Also read: How to receive payments on Etsy as a seller in South Africa

Simplify Etsy payments with Grey

With Grey, you can stop worrying about receiving payments or converting your earnings from Etsy. Manage your finances seamlessly and focus on growing your creative business.

Sign up for a Grey account today and unlock a world of possibilities for your Etsy shop in Australia.

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