Would you use a offshore company for Adult or better go with onshore?

[buka]

We are planning to launch a new business (Adult business) and thinking if a offshore company will be good for this type of business or better to go with a UK or US company?

 

[JohnLocke]

Well, the problem will not be the company formation either offshore or onshore, but rather the banking. There are not many banks left who accept Adult business for banking.

 

[buka]

So that means that if I can find a bank who accept adult business then we can use a Cyprus or BVI offshore company for this purpose?

 

[JohnLocke]

You can use you company as you like, it doesn't matter if it is a BVI or Cyprus company, you just need to find a bank who accept adult business.

 

[plotoffshore]

I understand that it is not required to inform anyone about the company's activity. So why do we need to give this information during the order process?

 

[JohnLocke]

Because of International KYC / DD laws, it's part of a huge worldwide ranging policy in the fight of terrorism and money laundering.

 

[puntooffshore]

So everyone has to provide a passport copy and utility bill to order a offshore company, perfect. Who will get access to these documents? I mean does it require some court order or can every authority just request such information as they like?

 

[clemens]

All Agents involved will have access to the documents including the offshore banks. That's usual KYC compliancy

 

[buka]

All Agents involved will have access to the documents including the offshore banks. That's usual KYC compliancy

Thank you jpay... does that mean it is not anonymous any longer? and will the hand over documents to government or tax office by request?

 

[JohnLocke]

It will require several court orders to hand over any client information to any governement or tax office.. so far not happen yet!

 

[buka]

It's not gonna to be easy I guess then for anyone to retrieve ownership data for a Seychelles or Cyprus company? that's good.

 

[Spinat]

We are planning to launch a new business (Adult business) and thinking if a offshore company will be good for this type of business or better to go with a UK or US company?

Depends on where you live.. if you are from Europe, go with a UK or Cyprus company and use CCBILL for payment processing. For banking there must be some banks in latvia that may be able to help you.

 

[protain]

Depends on where you live.. if you are from Europe, go with a UK or Cyprus company and use CCBILL for payment processing. For banking there must be some banks in latvia that may be able to help you.

That would require that CCBILL accept European companies, do you knwo if they do? A UK company isn't considered offshore or is it?