Cyprus company, why?
 

I see a few porn sites registered to cyprus, why is this? I notice quite a lot actually, and a lot in uk too

Im based in uk too, not made a company yet but someone suggested making one in cyprus, any idea why?

I mean as long as Im based in .uk, I will always have to pay income tax no matter what

because lemon

for the taxes :)

:1orglaugh

You never asked him why when he suggested it?

Limassol is said to be the Russian capital of cyprus, it's no shock to learn that some of them could be adult webmasters.

they are SCARED.

~10% taxes.

Ask a good accountant or tax lawyer and they will explain it to you. The best reason is to help you to be Tax efficient.

Various locations around the world have different tax laws. For example, if you are a hosting company in Quebec, you are forced to charge GST and PST (15%) to your customers world wide. If those customers are business owners they can get those taxes back but doing so is a serious headache. There are ways to have your Internet based business setup legally that saves you taxes. It's best to consult a tax lawyer on this to help you get setup properly.