Offshore company in Cyprus for Adult Entertainment business, is it possible?

tax-haven

Corporate Services
Business Angel
Hi


I have a friend who has a Adult Entertainment website (actually it is a porn site) now he is considering to incorporate offshore actually in Cyprus, the question is if there are any problem for him to open a company in Cyprus considering his business activities?


Also can he open a bank account in Cyprus for the company there?


If above ifsn't possible will it be possible to do so in any other offshore jurisdiction?


Thank you for your attention.
 

Admin

Forum Moderator
Staff member
I don't see any problems why you shouldn't be able to form a company in Cyprus, as long as it is legit Adult stuff he is selling there are no problems.


In regards to the bank account opening, it can be a little more difficult, many of the banks in Cyprus do no like the Adult Entertainment biz, therefore it can be complicated, however there are a few alternatives available.
 

pluma

Corporate Services
Business Angel
Second that, we have a Cyprus company for our Adult biz and it works like a chame, no problems at all, have run the biz for almost 6 months now, never has anyone asked any questions.
 

sonato

Offshore Agent
May I ask which bank it is you have your bank account now ? Pretty interesting since most of the Adult webmasters I know have opened their accounts in Latvia for some reason I cant figure out.
 

clemens

Corporate Services
Business Angel
Mentor Group
It is very easy, you put up a website with some e-com stuff and apply as an e-commerce business, the money entering the account will in anyway not come from people that buy porn but from some payment processor, so actually it is not a lie :D
 

bizman

Corporate Services
Business Angel
There is also another easy way, you simply have the offshore company only for offline activities, no one will ask questions in regards to website.
 

clemens

Corporate Services
Business Angel
Mentor Group
lol - seems you guys know the game ;)
 

cangarooo

Offshore Agent
I've opened a company in Cyprus for one of my customer involved in the online porn activities.


As mentioned by someone, the company it's just an off-shore for the offline activities.


The payments come only via web using credit cards and the bank is accepting it without any problem.


Additionally, the server where the site is, it's not located in Cyprus but outside EU area in order to avoid any possible restriction.


The bank we used for this action is Societe General in Cyprus. If you need more info, contact me via private message.


Bye bye
 

clemens

Corporate Services
Business Angel
Mentor Group
Thank you very much cangarooo, valuable information you offer here..
 

drillbill

Offshore Agent
Business Angel
Some of the banks as I know have stopped opening bank accounts for Adult, even they closed already opened accounts, this was the case for one of my partners which has an bank account with USB bank.
 

clemens

Corporate Services
Business Angel
Mentor Group
Not all banks in Cyprus mind about opening bank accounts for Adult. I know at least of 2 which do this.
 

MarvinZzz

New Member
Not all banks in Cyprus mind about opening bank accounts for Adult. I know at least of 2 which do this.
Which 2 banks do not mind for Adult?

I don't see any problems why you shouldn't be able to form a company in Cyprus, as long as it is legit Adult stuff he is selling there are no problems.


In regards to the bank account opening, it can be a little more difficult, many of the banks in Cyprus do no like the Adult Entertainment biz, therefore it can be complicated, however there are a few alternatives available.
Any alternatives recommend?
 
Last edited by a moderator:

Admin

Forum Moderator
Staff member
Try to Google search the forum and you will find a lot of replies rather than reopening a thread that is 9 years old.

There is not real answer on the forum about any bank that accept adult business without a cover business!
 

clemens

Corporate Services
Business Angel
Mentor Group
Which 2 banks do not mind for Adult?


Any alternatives recommend?
lol you reopened a thread 9 years old!!! there is no bank any longer, every business into adult has setup professional cover businesses.
 

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