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

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May 26, 2009
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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.
 
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.
 
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.
 
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
 
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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?
 
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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!
 
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