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>>Even if I set up a company in Europe and have my servers offshore and not in the US, I still will have to comply with US law as I am a citizen of the US.
This is where you're wrong. US has no control over things that are going in EU. EU countries do not have to share everything with your INS or whatever its called now. All you need to do is to comply with local EU laws, which are rather simple. For example our porn law says "Don't sell or advertise porn to minors and don't sell anything illegal (best or kiddie)" Thats it.
Low taxes, no income tax for companies.
Access to your bank account via Internet (good security) and the option of sending bank wires anywhere in the world without actually going to the bank.
And of corse you get Visa cards too.
This venture is especcially good for US based designers, because you my friends are in the deepest shit ever, you are not allowed to feature paysite thumbnails in your portfolios without having the records on every picture you got there.
If you want, I can provide more details, hit me up on ICQ or email shimausa at gmail.com
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