Starting an Offshore Company for Your Adult Business

Sep 05, 2017

There is nothing illegal about incorporating a company in an offshore financial center as long as you follow US tax rules. Many well-established companies use offshore financial centers to conduct their business efficiently, and many wealthy families often use foreign entities for estate planning purposes.

Opening an Offshore Company

Offshore company formation is generally much easier as compared to onshore incorporation because of lax legislation and business-friendly regulation. You can open it in as little as a couple of days from payment to your offshore service provider.

Here are several important things to focus on before starting your offshore company:

  • The company form you need
  • The number of people to be involved in your company
  • Which offshore jurisdiction is the best?
  • Extra services that you’ll need (offshore bank account, nominees, etc.)

So, the most important things to know about offshore entities is that they aren’t illegal and that you can use them to:

  • Hold property in another country
  • Minimize probate when you die
  • Provide some asset protection
  • Diversify your investment portfolio internationally
  • Operate an active business

Finally, offshore companies offer a number of benefits such as:

  • The potential to reduce a tax bill
  • Minimal maintenance requirements
  • Avoid being listed in public records
  • Strong lawsuit and asset protection

Starting an Offshore Company for Adult Business    

If you’re involved in the adult industry and want to open an offshore company, there are several important things to take into account such as:

  1. Which country is the best for incorporation in terms of your privacy, tax savings, legal protection etc.?
  2. Once the offshore company is ready, will you be given some address and phone number that you can put on the website?
  3. How does US tax system work if you have an offshore company?

And more.

One of the key issues concerning opening an offshore company for your adult business has to do with setting up an offshore adult merchant account. As you may already know, adult businesses are classified as high risk so you should find a reputable payment processor that offers premium offshore merchant account services for high risk businesses. Consider turning to emerchantbroker.com (EMB) to get an offshore adult merchant account that charges little to no taxes.

EMB is voted the #1 high risk payment processor in the US and has an A+ rating with the BBB. Moreover, emerchantbroker.com is rated A by Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016.

EMB’s services include:

  • Unmatched chargeback protection and chargeback prevention programs
  • Fast approvals in 24 – 48 hours
  • High volume solutions: load balancing gateways and multiple MIDS
  • iCheck check processing service, featuring quick payments
  • No setup fees for most merchants
  • High risk merchants approved

And more.

Applying to a respectable offshore merchant services provider is crucial to starting an offshore company for your adult business. Find the true professionals in the field like EMB and don’t let traditional banks and other processors say “No” to your offshore adult merchant account.

 

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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