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Originally Posted by Toni
Is it allowed by Gibraltar law to run adult sites, register domains under the Gibraltar company name and host adult porn content on those domains? Some countries donhahaha8217;t allow porn at all or only using an AVS system. How is that in Gibraltar?
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It's not an issue Toni - a corp for the purpose intended (unless you are actually going to live there), is a non-resident corporation.
There is no law that says a non-resident corp in Gib (or anywhere else) can't conduct it's legal business anywhere in the world. Gibraltar is not interested in the paper-shuffling of adult or gambling operations and has little interest what a corp may own in respect of domains.
Legal issues may be more relevant for the beneficial owners/shareholder/s, depending on the laws of the jurisdiction where they reside - and also where hosting is actually based.
Obviously if there were gross violations of laws - like CP stuff - this would be traced, probably on an international basis to the "home camp" of the instigator/s and prosecuted there. The relevance of a corp would be incidental under these circumstances.
The other main issue is more personal and varies according to where you are actually resident. There presumably will be, in most instances, a requirement to comply with your "home country" tax laws as regards profits or salaries from eg a Gib corporation. Basically - bottom line is, it's better to pay whatever taxes are due within your "home country" and save the hassle. Any decent lawyer/offshore accountant will give guidance on this - there are plently professionals in Gibraltar who can help.
The total flip side to the last para is if you are not resident in a high tax regime country and live offshore or in a jurisdiction with low or no taxes payable and are not a US citizen, - the previous paragraph is irrelevant and provides considerable more freedom to operate with offshore structures.
Bottom line, there are plenty legitimate options to play with, however these options depend on personal circumstances such as where you are resident.
PS Better add, since this is the exception to almost all other countries. From a US angle, there is a requirement to disclose to the IRS, interest in international corps even where these corps show little activity. This defeats the whole concept of offshore privacy. The flip side is there is an allowance of around $80K for non-resident US folks - but still a requirement for annual reporting of all interests, whether a citizen lives outside the US or not. This is really an issue which needs addressing by an "onshore" US accountant/lawyer.