Quote:
Originally Posted by oskarru
Ok, thanks for your logic. But why is it that pornsites even smaller ones, have their businesses registered in cyprus, I doubt they reside there? 
Since we are doing online business I don't think I'm limited to registering my business in the country I reside in but I don't know thats why I'm asking. |
That simply isnt correct, it is only the bigger companies that do this. you need a decent bit of income to make this worth it (it also has a specific set of rules)
with a few hundred bucks i would just up a company in your own country and pay your taxes normally.
how i blieve it works +-
You setup a company in your own country (you have to).
and have your company in cyprus own the domain name + software and charge a fee for letting your local company use it (fee beeing about the amount your profit would otherwise be)
But you would need to get everything setup, have accountants, have your books checked, have bankaccounts for it. couple of thousand a year of extra costs for this