GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Pros and Cons Offshore Company Cyprus or elsewhere

tol120 · 09-09-2013, 05:20 PM

hi there,

several EU merchants provide a better rate for EU based companies. So I was wondering what exactly the pros and cons of offshore companies are.

Pros
- better rates, usually more flexibility re fraud rules, integration, etc
- better corporate tax rates

Cons
- more accounting requirements and maintenance costs
- will your resident country have an issue with this setup? if they see large sums of money coming in from Cyprus for example will they think you're evading tax when in fact it's more about getting a better rate or even being able to get a merchant account in the first place?

Also
1) Cyprus has had banking issues recently? Is this is still a problem and how?
2) What EU country would be the best to setup in?
3) Are banks requiring actual residence of the director in said country?
4) other pros and cons re offshore companies/ tax havens?

09-09-2013, 05:20 PM
tol120 Registered User Join Date: Sep 2008 Posts: 38	Pros and Cons Offshore Company Cyprus or elsewhere hi there, several EU merchants provide a better rate for EU based companies. So I was wondering what exactly the pros and cons of offshore companies are. Pros - better rates, usually more flexibility re fraud rules, integration, etc - better corporate tax rates Cons - more accounting requirements and maintenance costs - will your resident country have an issue with this setup? if they see large sums of money coming in from Cyprus for example will they think you're evading tax when in fact it's more about getting a better rate or even being able to get a merchant account in the first place? Also 1) Cyprus has had banking issues recently? Is this is still a problem and how? 2) What EU country would be the best to setup in? 3) Are banks requiring actual residence of the director in said country? 4) other pros and cons re offshore companies/ tax havens?