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We have used VXS for a few of years very happily indeed. Needing the NL company is a total PITA, as it's just more paperwork and stuff to keep track of but it is not in any way avoidable.
Can't see many downsides to having a genuine presence in one of the few very porn tolerant countries in the EU. Needing a company for banking compliance is a totally different level of presence compared to an off the shelf brass plaque company that exists only for tax "efficiency"
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