Adult Entertainment Website - Thinking to Incorporate in Cyprus - Issues?

[vantmas]

Hi All,

My partners and I are starting a site based around adult entertainment. Due to it's litigious nature, we would like to incorporate offshore. Some of what would be our major competitors are based in Cyprus, so thinking it would probably be our best bet.

Is there any concern to this approach? Would we still have access to international banking, accepting forms of payment on our website such as Visa, Mastercard, etc?

Any guidance or tips would be greatly appreciated. Thank you

 

[Martin Everson]

vantmas said:
Is there any concern to this approach?
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It's high risk activity.

vantmas said:
Would we still have access to international banking, accepting forms of payment on our website such as Visa, Mastercard, etc?
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It's a high risk activity

P.S You may just want to speak to Paxum or similar before incorporating anything. Banking and payments for a mostly prohibited or at least high risk activity is not accepted by most banks and card companies sadly 😕. So do your homework before doing anything.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[cyprus123]

A bank in Cyprus will not open an account for your business, but as mentioned in previous answers there are specialized banks for adult services.

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https://virtualzonegeorgia.com/

 

[Largo]

vantmas said:
Hi All,

My partners and I are starting a site based around adult entertainment. Due to it's litigious nature, we would like to incorporate offshore. Some of what would be our major competitors are based in Cyprus, so thinking it would probably be our best bet.

Is there any concern to this approach? Would we still have access to international banking, accepting forms of payment on our website such as Visa, Mastercard, etc?

Any guidance or tips would be greatly appreciated. Thank you
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Are you going to use a popular payment processor like CCBill, Epoch, Verotel, Segpay?

 

[extremedox101]

cyprus123 said:
A bank in Cyprus will not open an account for your business, but as mentioned in previous answers there are specialized banks for adult services.
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can u name few real banks ?

 

[SimplyMaarten]

cyprus123 said:
A bank in Cyprus will not open an account for your business, but as mentioned in previous answers there are specialized banks for adult services.
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Which specialised banks are you talking about? I've been looking around for ages to find a bank for my adult business in Cyprus that offers dedicated USD accounts.

 

[tacokai]

SimplyMaarten said:
Which specialised banks are you talking about? I've been looking around for ages to find a bank for my adult business in Cyprus that offers dedicated USD accounts.
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second that, what bank would that be?

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[sus53321]

Is it possible to open up bank accounts in Cyprus for adult dating platforms?

 

[raverush]

cyprus123 said:
A bank in Cyprus will not open an account for your business, but as mentioned in previous answers there are specialized banks for adult services.
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Can you please help me with an example? Or a direction to look at? Thank you

 

[bibing]

Just my 2 cents, the hamster adult tube website (not going to write the url here) is incorporated in Cyprus....Not sure what bank/merchant they use