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BIGTYMER 10-27-2010 01:46 AM

UK Limited
 
Why are so many porn sites owned by UK Limited companies?

What are the advantages?

TheDA 10-27-2010 01:49 AM

If it's what I think you are seeing then it is a European billing requirement in some cases, and it is just an address at the end of the day.

247mg 10-27-2010 01:53 AM

I think bcz of 2257

xato 10-27-2010 02:13 AM

It's also pretty attractive to people, because minimum founding capital is only 1 GBP. Opposed to for example 25'000 EUR in Germany or 20'000 CHF in Switzerland.

Klen 10-27-2010 02:13 AM

see this: http://www.companiesmadesimple.com/

mafia_man 10-27-2010 02:54 AM

It's very easy and cheap to set up a UK Ltd, other European nations (such as Italy) are a pain in the arse.

DVTimes 10-27-2010 04:52 AM

One of the BIG reasons is so you can go around and tell people your a director of a company.

Its often an ego buzz.

I know a few UK webmasters who do this.

Also I think they do it in order to give the ipreshion they are making big bucks.

I know a few who bank on about being a company, yet make sod all cash.

Klen 10-27-2010 08:01 AM

Quote:

Originally Posted by mafia_man (Post 17644505)
It's very easy and cheap to set up a UK Ltd, other European nations (such as Italy) are a pain in the arse.

This is why London is world wide financial center,while others are not even close.Almost every other europe company to making a company is royal pain in ass,starting from Croatia,Austria,Czech Republic etc...

redwhiteandblue 10-27-2010 08:50 AM

Quote:

Originally Posted by DVTimes (Post 17644676)
One of the BIG reasons is so you can go around and tell people your a director of a company.

Its often an ego buzz.

I know a few UK webmasters who do this.

Also I think they do it in order to give the ipreshion they are making big bucks.

I know a few who bank on about being a company, yet make sod all cash.

That's got fuck all to do with the question, go back to mowing people's lawns.

mafia_man 10-27-2010 02:38 PM

Quote:

Originally Posted by KlenTelaris (Post 17645074)
This is why London is world wide financial center,while others are not even close.Almost every other europe company to making a company is royal pain in ass,starting from Croatia,Austria,Czech Republic etc...

That's why we're 5th on the doingbusiness website:

http://www.doingbusiness.org/rankings

TheDA 10-27-2010 03:20 PM

Quote:

Originally Posted by DVTimes (Post 17644676)
One of the BIG reasons is so you can go around and tell people your a director of a company.

Its often an ego buzz.

I know a few UK webmasters who do this.

Also I think they do it in order to give the ipreshion they are making big bucks.

I know a few who bank on about being a company, yet make sod all cash.

Yes. That's why they do it, you fucking simpleton.

Ethersync 10-27-2010 03:26 PM

There were huge tax benefits, but I think that has changed a bit. Not really sure though.

DVTimes 10-27-2010 04:42 PM

Quote:

Originally Posted by TheDA (Post 17646553)
Yes. That's why they do it, you fucking simpleton.

hay

i have know a few who do it for that reason.

they love to sound like a big player.

ArsewithClass 10-27-2010 05:05 PM

Quote:

Originally Posted by BIGTYMER (Post 17644411)
Why are so many porn sites owned by UK Limited companies?

What are the advantages?

Anyone speaking about being a director is bollocks.. A limited company usually has shares & makes it easier to start another business. Anyone that runs a business is a director so its nothing to do with that.

The DA is right in saying its easy to start a British limited company, however, its just as easy to start a business in a country such as Bulgaria :2 cents:

The main advantages of having your business base as a UK company would be the taxable expense advantages & a limited company, your house is not touched if the company goes under.

Ethersync 10-27-2010 05:16 PM

Quote:

Originally Posted by ArsewithClass (Post 17646916)
The main advantages of having your business base as a UK company would be the taxable expense advantages & a limited company, your house is not touched if the company goes under.

There are (or were?) further tax benefits for non-residents with UK companies operating outside of the UK as I recall.

Adraco 10-27-2010 05:33 PM

My UK company is able to pay me dividends 12 times per year, once per month. Which means that I can receive a good amount monthly which is only taxed as capital. A monthly salary would be taxed as income and would need social taxes and employer fees added to them. So it's a way to tax-plan and keep a bit more as compared to having to pay it to government.

Besides, I do not reside in the UK, I do not have a UK passport. Yet, the company was setup for me, filed with all the proper authorities and so on in a day or two. I never have to visit UK, everything can be handled for me by a remote agent. Convinient.

ArsewithClass 10-27-2010 06:07 PM

Quote:

Originally Posted by Ethersync (Post 17646927)
There are (or were?) further tax benefits for non-residents with UK companies operating outside of the UK as I recall.

Yeah, I think youre right. It is taxable benefits that is the main attribute. Also, I think, having a British limited companies give a more rewarding benefit to offshore accounts in Jersey.
I also think you have to have a turnover of 50k or more for a limited company.

DVTimes 10-27-2010 06:13 PM

Quote:

Originally Posted by ArsewithClass (Post 17646916)
Anyone speaking about being a director is bollocks.. A limited company usually has shares & makes it easier to start another business. Anyone that runs a business is a director so its nothing to do with that.

The DA is right in saying its easy to start a British limited company, however, its just as easy to start a business in a country such as Bulgaria :2 cents:

The main advantages of having your business base as a UK company would be the taxable expense advantages & a limited company, your house is not touched if the company goes under.

Quote:

Originally Posted by DVTimes (Post 17620816)



do uk pimps like yourself who pimp there wife for bareback/unprotected sex for £50 form ltd company?

ArsewithClass 10-27-2010 09:26 PM

Quote:

Originally Posted by DVTimes (Post 17647020)
do uk pimps like yourself who pimp there wife for bareback/unprotected sex for £50 form ltd company?

Troll....

Seriously.. You need to grow up. You are meant to run an adult business not a nursery :2 cents:


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