Even if you incorporate a foreign company, you are still subject to the laws of where you live. If those laws forbid you from owning or operating a P**N website, it might not matter if the website is owned by a company in another country since you are the owner of that company. If the authorities find out it's you who operate it, you may still be found guilty. It depends on the severity of the laws and how strictly they are enforced.
In reality, the risk of being discovered are probably low, unless your website is actively targeting users in your country and the authorities decide to look into it. But if you go with for example Cyprus, I would suggest using nominee directors/shareholders, as otherwise your name will appear on public record.
I understood.Without looking at the entire puzzle, it's hard to say but the risk isn't zero. If the authorities in your home country are aggressive enough, they can try to compel your nominees to disclose the UBO, which would be you. They could contact the authorities in Belize and ask who the UBO is and say it's a tax/money laundering investigation, and Belize would most likely provide them with the information that they have (which they would obtain from your corporate service provider/registered agent).
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