Setup for Onlyfans/adult income

[Mssquirrel]

So I moved to Paraguay last year because of the low taxes, cheap lifestyle and the low commitment to stay in the country. The problem is the banking situation is well”¦ worse than I expected.
When I did this I was making less money but now I had been consistently making 35k/40 k a month and I am thinking maybe I should move somewhere else or get a setup with better banking options.
I just don't know where to go I need somewhere with low tax, decent banking and where my activities are not illegal. If I can move creating a company instead of investing in real estate would be better for now.

 

[CyprusLawyer101]

Habibi, Come to Dubai ! J/k

 

[Expatgenie]

I think Panama can be a option. I seen on YT some manger for OF living there and sounds ok but I know to little, just an idea

 

[EliasIT]

Dubai may indeed be the best place for you and your business.

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[blancmon229]

EliasIT said:
Dubai may indeed be the best place for you and your business.
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If she is getting paid out from OF to her personal name, banks aren't going to like that in Dubai. In personal account they only want to see salary,dividends, rental income. Let alone, how are you going to explain the source of funds as OnlyFans to a bank in a Muslim country running on Sharia law.
Only solution is that the funds need to be indirectly paid out.

 

[Mssquirrel]

Expatgenie said:
I think Panama can be an option. I seen on YT some manger for OF living there and sounds ok but I know to little, just an idea
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Don't you have to pay taxes if you work from there?
I am a bit confused with terrotorial tax countries I think some of them consider if you work from there you should pay tax and others not (? I barely work tho

blancmon229 said:
If she is getting paid out from OF to her personal name, banks aren't going to like that in Dubai. In personal account they only want to see salary,dividends, rental income. Let alone, how are you going to explain the source of funds as OnlyFans to a bank in a Muslim country running on Sharia law.
Only solution is that the funds need to be indirectly paid out.
Click to expand...

I want to avoid Dubai. I prefer anything Latin America or Europe

 

[punkstar69]

mrsv said:
So I moved to Paraguay last year because of the low taxes, cheap lifestyle and the low commitment to stay in the country. The problem is the banking situation is well”¦ worse than I expected.
When I did this I was making less money but now I had been consistently making 35k/40 k a month and I am thinking maybe I should move somewhere else or get a setup with better banking options.
I just don't know where to go I need somewhere with low tax, decent banking and where my activities are not illegal. If I can move creating a company instead of investing in real estate would be better for now.
Click to expand...

Would you mind letting me know how you upscaled your OF, as part of this forum's sharing karma? I struggle here, even with legit content and daily updates 🙂

 

[Ancova]

Greetings!

I have many of those clients incorporated in Dubai. Reason for that is that the payments are not coming from "Only Fans" but from their mother company with a completely different name.

The only uncertainty is now the 9% Corporate Tax if your profits exceed 100K USD, but there are offshore solutions for that as well.

 

[Mssquirrel]

punkstar69 said:
Would you mind letting me know how you upscaled your OF, as part of this forum's sharing karma? I struggle here, even with legit content and daily updates 🙂
Click to expand...

Just keep going investing time and money to get more fans and of course assistants to chat them because if there is not people to reply most of the time the fans get mad and offended. It's not much about the content quality or do lots of stuff but about to get as much traffic as you can (my page is very lame tbh)

Ancova said:
Greetings!

I have many of those clients incorporated in Dubai. Reason for that is that the payments are not coming from "Only Fans" but from their mother company with a completely different name.

The only uncertainty is now the 9% Corporate Tax if your profits exceed 100K USD, but there are offshore solutions for that as well.
Click to expand...

Yes the payments come in name of Fenix international but I am hesitant about Dubai anyways.

 

[FreedomSearcher]

Ancova said:
The only uncertainty is now the 9% Corporate Tax if your profits exceed 100K USD, but there are offshore solutions for that as well.
Click to expand...

Can you tell us a bit about your offshore strategy to avoid the 9% tax?

 

[Ancova]

FreedomSearcher said:
Can you tell us a bit about your offshore strategy to avoid the 9% tax?
Click to expand...

I did not mean offshore strategies for "tax avoidance", but other jurisdictions where it would work to set up this kind of company. For more information, I would be glad to arrange a call.

mrsv said:
Just keep going investing time and money to get more fans and of course assistants to chat them because if there is not people to reply most of the time the fans get mad and offended. It's not much about the content quality or do lots of stuff but about to get as much traffic as you can (my page is very lame tbh)


Yes the payments come in name of Fenix international but I am hesitant about Dubai anyways.
Click to expand...

Yes, however you do not need to live here, only visit for once or twice a year to keep your residency active. You can then get paid in your Dubai Bank Account, but live anywhere in the world.

 

[punkstar69]

mrsv said:
Just keep going investing time and money to get more fans and of course assistants to chat them because if there is not people to reply most of the time the fans get mad and offended. It's not much about the content quality or do lots of stuff but about to get as much traffic as you can (my page is very lame tbh)
Click to expand...

Thanks mate.

Im interacting with fans, but the source of leads was always my pain. Im using some short teaser vids on PH to get subs, but traffic is not as expected.

BTW, if you feel like having a paid advise after reviewing the account, or have something specific to suggest, let me know. Always looking forward for valuable help and I believe that free time/consultation services need to be paid.

 

[blancmon229]

Ancova said:
Greetings!

I have many of those clients incorporated in Dubai. Reason for that is that the payments are not coming from "Only Fans" but from their mother company with a completely different name.
Click to expand...

I would highly disagree. OnlyFans pays out through Fenix Internet LLC or Fenix International LTD. One google search and the first thing that pops up is OnlyFans. I doubt banks are that stupid. Plus, how do you explain your SoF and occupation to Dubai banks and authorities.
Many banks already know Fenix Internet LLC is OnlyFans and reject incoming payments from them as so many people are doing OF.
It is a risky set up in a Muslim country and for that 9% CT not worth the risk.
There are many other countries with better structures.

mrsv said:
Yes the payments come in name of Fenix international but I am hesitant about Dubai anyways.
Click to expand...

Exactly

 

[Mssquirrel]

blancmon229 said:
I would highly disagree. OnlyFans pays out through Fenix Internet LLC or Fenix International LTD. One google search and the first thing that pops up is OnlyFans. I doubt banks are that stupid. Plus, how do you explain your SoF and occupation to Dubai banks and authorities.
Many banks already know Fenix Internet LLC is OnlyFans and reject incoming payments from them as so many people are doing OF.
It is a risky set up in a Muslim country and for that 9% CT not worth the risk.
There are many other countries with better structures.


Exactly
Click to expand...

Yes it's literally 5 minutes in google to find out. Maybe people is getting away with that now but might not last forever.

 

[myhand]

I have no clue about onlyfans, but how is it with crypto, no options to get paid?

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[blancmon229]

myhand said:
I have no clue about onlyfans, but how is it with crypto, no options to get paid?
Click to expand...

Not a direct option from OF. Unless, the girl converts the money received from OF to crypto to pay your management fee.

 

[Mssquirrel]

blancmon229 said:
Not a direct option from OF. Unless, the girl converts the money received from OF to crypto to pay your management fee.
Click to expand...

I think the only way is skrill to crypto, but they don't allow crypto withdrawals to wallet from all countries idk if I am correct or not tho