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Originally Posted by RegUser
For those of you esp. from Canada and Oz and have incorporated in the EU, what should I be careful about while incorporating in EU.
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First of all there are different definitions of illegal porn in the EU. You should be aware of it.
There are different laws for distributing porn to minors as well. In Austria the legal age is 16 for example, while in Germany it is 18 and you need adult verification systems to protect your sites. Though the german legal system is one of the best for incorporations, itīs not the best country for porn companies.
Depending on your volume of sales, a combination of a billing company in The Netherlands with a parent company in Switzerland (not EU) is worth a serious consideration.
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It is pretty expensive affair but I am sick n tired of being looted by the small billing processors who almost always inevitably run away with my money and lack of VISA processing.
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The solution mentioned above is helpful for an own merchant account and you can legally transfer your profits to a low-tax country, e.g. Zug/Switzerland.
Before setting up incorporations, you should get information about double tax agreements between those countries and Canada.
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But before I take the plunge what is it that I am getting into, any pitfalls or musts that I should insist on?
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So there are three major project issues to take into consideration: legal requirements regarding porn and incorporation, taxes and billing options.