adult banking

[capribex]

in god we trust: what's your take on offshore banking in our industry?
the temptation is big: you get a cheque with your name printed on it... might as well deposit it in *any* bank account bearing your name... no???

[PornBroker]

Well having an offshore bank account in your name is defeating the purpose somewhat. It would normally be set up in the name of an offshore corporation that has nominee directors etc.
Before you went down any of these paths, I would check the new Patriot Act.

[gripcash]

Are we talking about offshore (off US) for the purpose of dealing with visa international instead of visa US?

[PornBroker]

Originally posted by gripcash
Are we talking about offshore (off US) for the purpose of dealing with visa international instead of visa US?

no

[rossiya2]

Originally posted by PornBroker
Well having an offshore bank account ...
paths, I would check the new Patriot Act.

And the new improved PATRIOT ACT II where Ms. Fourth Amendment is sodomized and left for dead by dirty old men.

I said 3 years ago that Bush Jr. changed when he met Putin. He realized it was simple to herd a semi-democracy into autocracy. After all Putin successfully stemmed the tide of democracy merely by restoring order. All Bush Jr. needed was an event to package. The CIA trained Osama filled the vacuum with boxcutter technology. Now the fair leader can detain and arrest a person for 15 days without a warrant or strip their citizenship for "unknowingly" being connected with a terrorist group. What is this connection? Perhaps breathing the same air? And the detentions have grossly exceeded 15 days in practice already.

The vice president was actually involved in offshore company formation in his career. However these are not the players who are targeted. Bush probably realized he doesn't need to give a fuck about the economy as long as the corporate leaders promise their allegiance onto him. The perception and ensuing reality is that people will not matter in the new economy. Corporations are the basic unit of the economy. Hunger, working 16 hours daily for $5.50, joblessness or rotting in prison without charges will be irrelevant. It is microeconomics. In fact this is exactly the structure the "Harvard economists" spammed to the Yeltsin administration all through the 90s using taxpayer $.

The American model was wealth by production. In Russia wealth is usually obtained by seizure. Bush Jr.'s choice is clear to me. But it will take decades to complete his goals, and I wonder if his rapidly aging supporters will last the course. His troupe may shrivel into a band of grumpy octagenerians while the younger set decides there's more to life than trusting trusts.

[capribex]

Originally posted by PornBroker
Well having an offshore bank account in your name is defeating the purpose somewhat. It would normally be set up in the name of an offshore corporation that has nominee directors etc.
Before you went down any of these paths, I would check the new Patriot Act.

when i said "in my name" i didn't mean given name... i mean a name i can "answer to"... i am asking if it makes sense to bank offshore or if it doesn't worth the hassle

[DutchTeenCash]

drop me a line at [email protected] if youre interested in offshore and yes it is interesting

[ronin]

Originally posted by thinkx
drop me a line at [email protected] if youre interested in offshore and yes it is interesting

oh, 7 posts and you have offshore solutions.

[PornBroker]

Originally posted by capribex
when i said "in my name" i didn't mean given name... i mean a name i can "answer to"... i am asking if it makes sense to bank offshore or if it doesn't worth the hassle

Ok, so if your billing account was set up in the name of your offshore corporation, and your bank account is in the name of this corporation, you would have an issue of cross border processing if you were using a US processor.

If it is simply an affiliate account that is paying you - well that could be a different story.

Let's say you got around the cross border processing someway (or you are talking about an affiliate account where the sponsor simply wires to a bank account), you still need to keep in mind the new Patriot Act, primarily set up to combat money laundering by terrorists, but something the IRS would not have been displeased about.

You can read more here:
http://www.gofuckyourself.com/showth...hreadid=114402

The advantages in setting anything up offshore, would need to be weighed up with the costs of doing it properly ie: how much you think you are going to actually earn.

I am sure there are many short cuts (the more short cuts = the easier it is to backfire ie:lose your money or a tax investigation finding the trail)

Set up:
Offshore Incorporation fee
Offshore bank account set up fee
Certificate of good standing fee
Certificate of Incumbency
Mastercard/Debit card fee

Annually:
Domiciliary fee for provision of local registered office, local resident agent and company secretary
Government tax (Tax Haven)
Provision of 3rd party directors/shareholders

Now, also in addition to the above, it was news recently that Mastercard had turned over all their records of offshore card holders to the Gov, so you had better have another way to get your money out - and hope that the next card coy doesn't do the same.

Alternatively, you could just set something up in Latvia - pay bugger all - and hope for the best!

[XXX_Jman]

Originally posted by PornBroker
Alternatively, you could just set something up in Latvia - pay bugger all - and hope for the best!

Yambo?

[HustlazConvention]

Originally posted by ronin



oh, 7 posts and you have offshore solutions.