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The trouble with setting up in Luxembourg is straight away the taxman is wondering, what have you got to hide!
and the admin costs would be extremely high.
Germany's got some bad laws regarding porn, if you had an affiliate registered there, could they demand that your sites followed their laws.
I'll go and talk to my accountant in the morning and see what he says about it, I've read some articles and it says that a company from outside the EU can have a subsidiary or other affiliate act on its behalf.
Maybe I can set up a registered office for US companies here.
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