UK offshore company for adult business?
 

Hello everyone?
Does anybody know if UK offshore companies are okay for running adult websites today?
I heard there were some troubles with EU offshore companies and adult industry... Dispel my fears.
Thank in advance!

leave the idea - I had some contruction (Uk based company owned by offshore ) and also run offshore for years - lot of troubles + no actual profit

We looked into this a while back from a tax point of view but theyve clamped down a lot on UK residents registering their companies in the EU

Basically we were told that we were liable for UK VAT for any sales to European based users even if our biz was registered elsewhere in the EU

With regards to adult, its pretty much standardised laws accross the EU now

And where would you recommend to register an offshore company for adult nowadays then?

bump.........

Cyprus my friend. 10% income tax

what ^^ said

Cyrpus if it was 1998
in 2012, maybe Bermuda, maybe Panama.

Hong Kong

this is was cool :)

St Kitts, Seysheles.

Saint Vincent and the Grenadines (SVG)

I recommend: Belize

Russia...

Forget anywhere in the EU if you are based in the UK

There may still be a few safe havens but they are apparently being closed down fast.

You might just aswell register in the UK

If you based in the elsewhere, e.g. The US, then being incorporated in the UK can make sense in order to be in compliance with cross border acquiring regulations and do your processing with an EU bank. On the other hand if you are based in the UK to start with then Panama makes sense. However, if you are processing through an EU bank then you will need to retain your UK entity and then sweep the funds to your Panamanian entity as the Ultimate Benificial Owner.

In any event, if you reside in the UK and bring funds into the country to spend them, you will be liable for taxes owing on them. The only way to truly avoid, (not evade), your tax exposure is to change your residence to another country with a lower tax rate for externally earned revenues.


.

How come so many people fail to realize you can organize anywhere but you're still paying income taxes where you live?

A paxum account won't cut it then :winkwink:

Btw, new tax heaven is Georgia

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