Best country to establish the company in? - GoFuckYourself.com

sloppyjohn · 10-15-2012, 06:10 PM

Many parameters to consider, a tax haven for example has significant benefits, however in some of them adult industries are not allowed, in others it would be hard to process EU credit cards.
Popular contries for adult companies are Cyprus, Germany and the US, howevery, where would be the optimal spot?

LamboSV · 10-15-2012, 06:18 PM

I think Cyprus as it seems to be the hotspot for most adult companies. Very low tax rate

avrevenue · 10-15-2012, 06:43 PM

Cyprus is a very good solution. I know some good lawyer if you need one.

MaDalton · 10-15-2012, 06:46 PM

in case you speak german: http://www.zypern-kanzlei.com/

Chosen · 10-15-2012, 09:59 PM

Welcome to GFY

USA · 10-15-2012, 10:03 PM

Quote:

Originally Posted by LamboSV

I think Cyprus as it seems to be the hotspot for most adult companies. Very low tax rate

I agree

sloppyjohn · 10-15-2012, 10:52 PM

Thanks

Cyprus is indeed a nice option, trying to find out if there is a better site, see below criteria.
However, we are able to benefit from lower tax rates (inter-company planning) and not having to manage books (in some tax havens) is a nice bonus.
Big picture plan is to start a webcam site, eventually moving on from a white-label to standalone and doing payment processing, support, etc.

Do you (all?) still vote Cyprus?

Presnus · 10-15-2012, 11:28 PM

Definitely not Belgium.

freecartoonporn · 10-15-2012, 11:53 PM

barbados

sperbonzo · 10-16-2012, 02:57 PM

Panama is another good option, and you can still keep a "briefcase corp" in the UK in order to process in the EU without facing any tax liabilities by simply moving your funds to the Panama corp every day and showing no profits for the UK corp.

.

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BradBreakfast · 10-16-2012, 03:06 PM

I've been wondering this too, I was looking at all the DMCA agent filings for all the major tubes and they all seem to be out of Hong Kong... what's up with that? Hong Kong's tax rate from what I read is only 16.50%. I don't mind paying that.

How is Cyprus better? I hear the tax rate there is 4.25% but they don't allow bearer share corporations.

Thank you.

sperbonzo · 10-16-2012, 03:15 PM

Quote:

Originally Posted by BradBreakfast

I've been wondering this too, I was looking at all the DMCA agent filings for all the major tubes and they all seem to be out of Hong Kong... what's up with that? Hong Kong's tax rate from what I read is only 16.50% which sounds like a lot but that's only $1650 for ever $1 million. I don't mind paying that.

Actually, that's $165,000 out of every Million, not $1,650.

BUT that only applies to revenues produced from business carried on INSIDE of Hong Kong.

Just like Panama, there is no tax on foreign-sourced revenues in Hong Kong. I.E. if your money is produced from commerce occurring outside of the country, e.g. through a merchant account in the EU for internet related business, then you pay no corporate taxes when you sweep the revenues into your Hong Kong or Panamanian corp.

HOWEVER, be advised that if you are a US citizen, then simply living outside the US will not give you any protection from US personal income tax obligations on any income over 85k per year.

.

.

itto · 10-16-2012, 03:48 PM

St. Kitts and Nevis

.

Barry-xlovecam · 10-16-2012, 03:50 PM

Consult with a local tax attorney and/or a CPA. It's a major move and needs to be done right. If you live in the USA you are liable for taxes on your income repatriated here and some or all of your foreign earnings.

Don't make decisions based on board advise ...

FATCA
http://www.irs.gov/Businesses/Corpor...ct-%28FATCA%29

FBAR
http://www.irs.gov/Businesses/Small-...nts-%28FBAR%29

Startzone · 10-17-2012, 07:20 AM

Seychellen, set up a new company there this year, with bankaccount :-)

Cyprus is a big problem ;-)

Leif Robert · 10-17-2012, 07:23 AM

We use Belize...has been great so far.

VforVendetta · 10-17-2012, 09:03 AM

Quote:

Originally Posted by Startzone

Seychellen, set up a new company there this year, with bankaccount :-)

Cyprus is a big problem ;-)

which problems have cyprus ?

Startzone · 10-18-2012, 02:25 AM

Banks are a problem in Cyprus!

10-15-2012, 06:10 PM	#1
sloppyjohn Registered User Industry Role: Join Date: Oct 2012 Posts: 2	Best country to establish the company in? Many parameters to consider, a tax haven for example has significant benefits, however in some of them adult industries are not allowed, in others it would be hard to process EU credit cards. Popular contries for adult companies are Cyprus, Germany and the US, howevery, where would be the optimal spot?

10-15-2012, 06:43 PM	#3
avrevenue Confirmed User Industry Role: Join Date: Apr 2004 Posts: 1,890	Cyprus is a very good solution. I know some good lawyer if you need one. __________________ AV Revenue High Quality Sites to Promote Official Twitter account Official Telegram account Skype: avrevenue Telegram: avrevenue

10-15-2012, 06:46 PM	#4
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,822	in case you speak german: http://www.zypern-kanzlei.com/ __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

10-15-2012, 11:53 PM	#9
freecartoonporn Confirmed User Industry Role: Join Date: Jan 2012 Location: NC Posts: 7,683	barbados __________________ SSD Cloud Server, VPS Server, Simple Cloud Hosting \| DigitalOcean

10-16-2012, 02:57 PM	#10
sperbonzo I'd rather be on my boat. Industry Role: Join Date: May 2003 Location: Miami, FL Posts: 9,747	Panama is another good option, and you can still keep a "briefcase corp" in the UK in order to process in the EU without facing any tax liabilities by simply moving your funds to the Panama corp every day and showing no profits for the UK corp. . . __________________ Michael Sperber / Acella Financial LLC/ Online Payment Processing [email protected] / http://Acellafinancial.com/ ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

10-15-2012, 06:18 PM	#2
LamboSV Confirmed User Join Date: Oct 2003 Posts: 205	I think Cyprus as it seems to be the hotspot for most adult companies. Very low tax rate

10-15-2012, 09:59 PM	#5
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	Welcome to GFY

10-15-2012, 10:52 PM	#7
sloppyjohn Registered User Industry Role: Join Date: Oct 2012 Posts: 2	Thanks Cyprus is indeed a nice option, trying to find out if there is a better site, see below criteria. However, we are able to benefit from lower tax rates (inter-company planning) and not having to manage books (in some tax havens) is a nice bonus. Big picture plan is to start a webcam site, eventually moving on from a white-label to standalone and doing payment processing, support, etc. Do you (all?) still vote Cyprus?

10-15-2012, 11:28 PM	#8
Presnus Confirmed User Industry Role: Join Date: May 2011 Posts: 1,087	Definitely not Belgium.

10-16-2012, 03:06 PM	#11
BradBreakfast Confirmed User Join Date: Feb 2008 Posts: 415	I've been wondering this too, I was looking at all the DMCA agent filings for all the major tubes and they all seem to be out of Hong Kong... what's up with that? Hong Kong's tax rate from what I read is only 16.50%. I don't mind paying that. How is Cyprus better? I hear the tax rate there is 4.25% but they don't allow bearer share corporations. Thank you. __________________ GetClicky - The World's Most Advanced Real Time Ajax-based Analytics Last edited by BradBreakfast; 10-16-2012 at 03:10 PM..

10-16-2012, 03:48 PM	#13
itto Confirmed User Industry Role: Join Date: Jul 2006 Location: world wide Posts: 1,363	St. Kitts and Nevis . __________________

10-16-2012, 03:50 PM	#14
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Consult with a local tax attorney and/or a CPA. It's a major move and needs to be done right. If you live in the USA you are liable for taxes on your income repatriated here and some or all of your foreign earnings. Don't make decisions based on board advise ... FATCA http://www.irs.gov/Businesses/Corpor...ct-%28FATCA%29 FBAR http://www.irs.gov/Businesses/Small-...nts-%28FBAR%29

10-17-2012, 07:20 AM	#15
Startzone Confirmed User Join Date: Dec 2006 Location: Down up! Posts: 1,063	Seychellen, set up a new company there this year, with bankaccount :-) Cyprus is a big problem ;-) __________________ Check this...... Gammae.com & DDF Cash & FetishWealth

10-17-2012, 07:23 AM	#16
Leif Robert Registered User Industry Role: Join Date: Oct 2012 Posts: 40	We use Belize...has been great so far.

10-18-2012, 02:25 AM	#18
Startzone Confirmed User Join Date: Dec 2006 Location: Down up! Posts: 1,063	Banks are a problem in Cyprus! __________________ Check this...... Gammae.com & DDF Cash & FetishWealth