Cyprus company, why?

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  • marktruman
    Confirmed User
    • Aug 2004
    • 1026
    #1

    Cyprus company, why?

    I see a few porn sites registered to cyprus, why is this? I notice quite a lot actually, and a lot in uk too

    Im based in uk too, not made a company yet but someone suggested making one in cyprus, any idea why?

    I mean as long as Im based in .uk, I will always have to pay income tax no matter what
    Tags: None
    • TeenCat
      Too lazy to set a koala
      • Jan 2007
      • 16139
      #2
      because lemon

      6bot       / Coming again very soon!
      Svit Zlin Radio 24/7!

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        • MasterM
          Confirmed User
          • Oct 2002
          • 248
          #3
          for the taxes

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            • Chosen
              VIPPay.com | AdultWebSponsors.com
              • Aug 2001
              • 63151
              #4
              Originally posted by TeenCat
              because lemon

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                • zeuse
                  Confirmed User
                  • Oct 2005
                  • 499
                  #5
                  Originally posted by marktruman
                  Im based in uk too, not made a company yet but someone suggested making one in cyprus, any idea why?
                  You never asked him why when he suggested it?

                  Limassol is said to be the Russian capital of cyprus, it's no shock to learn that some of them could be adult webmasters.

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                    • pristine
                      So Fucking Banned
                      • Dec 2010
                      • 1176
                      #6
                      they are SCARED.

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                        • Emil
                          Confirmed User
                          • Feb 2007
                          • 5658
                          #7
                          ~10% taxes.
                          Free 🅑🅘🅣🅒🅞🅘🅝🅢 Every Hour (Yes, really. Free ₿itCoins.)
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                            • 2MuchMark
                              Mark of 2Much.net
                              • Aug 2004
                              • 50990
                              #8
                              Ask a good accountant or tax lawyer and they will explain it to you. The best reason is to help you to be Tax efficient.

                              Various locations around the world have different tax laws. For example, if you are a hosting company in Quebec, you are forced to charge GST and PST (15%) to your customers world wide. If those customers are business owners they can get those taxes back but doing so is a serious headache. There are ways to have your Internet based business setup legally that saves you taxes. It's best to consult a tax lawyer on this to help you get setup properly.
                              Last edited by 2MuchMark; 12-22-2010, 03:43 AM.

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