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]

It's high risk‌ activity.

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.

 

[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.

 

[Largo]

Are you⁢ going to use a popular payment processor like CCBill, Epoch, Verotel, Segpay?

 

[extremedox101]

can u name few real banks ?

 

[SimplyMaarten]

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]

second that, what bank would that be?

 

[sus53321]

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

 

[raverush]

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