Thread: Business Doing business in the UK
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Old 01-08-2023, 02:46 PM  
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Join Date: Jun 2003
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Originally Posted by loveparade View Post
Hi! I'm a refuge from Ukraine and currently I'm in the UK. I have an adult website and get some money on my paxum account from AdultForce and a few more similar sponsors. Is it legal to withdraw cash from an ATM with Paxum card (UnionPay) here in the UK? Will financial monitoring be interested in me if I withdraw 10000 gbp per month for example? I think I should pay taxes. I'm here more than 6 months, so I guess I should be a tax resident already here. In fact, I don't mind paying taxes, I just don't know how to do it right. In fact, I want to be legal here, show income, pay taxes, I want to be able to buy some real estate in the future for example. To buy something or rent an apartment I need to have some legal income. Do you think it is possible to register some company and receive it to the bank account? Either directly by a wire transfer from sponsor or from Paxum account. Should I explain to the bank what exactly these translations are? I mean I don't think I will be able to explain this is porn business. Is it possible to receive it like a payment for the development of design or software? Or there is some easier way? So, in general, how do you do it here in the UK? Thanks!!!
You can get paxum to pay money into a UK bank account too if that helps.

You need to speak to an accountant before you do anything for advice.

I would suspect if you want to buy a house in the UK and plan you get a mortgage that you would need to show income and so on.

My friend purchased a house and they wanted to see evidence of everything.

They will probably want a copy of bank statements and all sorts.

But you need to speak to an accountant rather than take advise on this forum, as you do not want to mess up.
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