Offshore Company for Adult Business

[mlee]

some updates: I contacted several different incorporators, lawyers and banks and seems they do not‌ want to accept adult business because it is to risky. now I'm wondering how the‍ hundreds of thousands of adult websites are coping with thsi issues expecially

1. which jurisdictions⁠ do they use to advertise Escort Services.

2. in which bank do they have the⁤ bank account if they declared the type of business to the bank or not (because⁣ a lawyer sggested to prepare a differen website for the bank to open the account⁢ than work with the other one, still I prefer to do the things clean and︀ open air.

any suggestions from you guys?

 

[JohnLocke]

Well if you want it clean you may visit a few banks to explain to‌ them who you are and what business you are into.Not in all countries Escort services‍ is illegal. Some countries could be Netherlands or Denmark. There are as well alternatives.

 

[dotbloup]

According to the Cyprus criminal code it is forbidden to live on prostitution fully or‌ partly.
Then, the issue is related to a possible audit in Cyprus if you make‍ a lot of money. If the auditors ask for the origin of money. Ok, you⁠ can hide behind a payment processor from germany, Switzerland or Netherlands but they can always⁤ ask you directly the source of income.

 

[James Turner]

Hi,

You are correct that despite where a company may be formed in your case‌ the banking issue will always be the problem, due to your nature of business. There‍ are banking options but generally in less reputable locations. If you can accept that banking⁠ will be in less respectable places then forming a company with zero local taxes and⁤ structuring it so it is not an issue for you in your country of residence⁣ is most likely possible.

 

[FinTech Avenger]

Paxum is one of not so many options available for your occupation. While payouts from‌ Onlyfans are generally OK for Paxum, my advice would be to channel donation/tribute payments through‍ other venues like cryptocurrency or some sort of cryptovouchers that can be bought via CC,⁠ as otherwise you may face account termination very soon.

 

[dariav]

Hi guys,

Thank you for both of your answers.

@James Working fully online I am‌ quite mobile and flexible, working with "less reputable locations" wouldn't be a big issue for‍ me as long as it doesn't create issues to receive the different types of income⁠ I generate. I would like to know more about the possibilities.

@Incorporator Interesting idea, but⁤ how would I deal with the cryptovouchers once I receive them? Send them into a⁣ cryptowallet and then back into cash?

 

[user9823671]

What EU country do you live in. Are you citizen / resident there. That can‌ have some effects on what you can do

 

[dariav]

France for both citizenship and residence. However I am willing to be resident anywhere else.‌

 

[onemansomewhere]

You need to move your residency to some other country‍ with a territorial tax system. And you need to incorporate some tax transparent entity somwehere..⁠ Maybe US LLC or UK LLP..