How to Open Offshore Company for an Adult Business?

What is an Offshore Company for a Business?

Offshore Company for a Business means a company that is set up outside one’s national boundaries to promote your business at an international level.

Is it difficult to open an Offshore Company?

Forming an Offshore Company is easier compared to the onshore corporation due to the application of Tax and business regulation. Opening such company can be done just within a couple of days.

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But there are a few things to keep mind before you open an offshore company

The type of company you need.
To know about the best offshore jurisdiction.
The exact number of people to be involved in your company.
The different extra services like an Offshore Bank Account that you will require.

Even the offshore entities need not be illegal so that you can use them, like

Minimize certification after death.
Property in another country.
Your investment portfolio should be expanded internationally.
Asset protection to be provided

Offshore company will provide some assistance like.

Maintenance requirement will be minimum.
Strong lawsuit and asset protection.
Reduced tax bill is possible.

How to Open Offshore Company for an Adult Business?

In case you own an adult business and wish to have an offshore company, then you should keep in mind many important things such as:

How does the tax system work in the country you want to open an offshore company?
Which is the best country to offer you best services like protection legally, reduced taxes, privacy, etc?
How long will it take to get an address and phone number once the offshore company is ready, so that you update it on website?
And many other points to pay attention to.

But before all this the most important thing that you need to search for is the best merchant service provider who is capable of providing the best Merchant Account services to you. As it is difficult to get a Merchant Account for your adult business because Adult Merchant account is classified as High Risk Merchant Account.

Once you get hold of an Adult Merchant Account then opening an offshore company for your Adult Business is not much of a problem.

How to get an Adult Merchant Account?

The adult entertainment industry has always flourished despite the societal stigmas attached to it. It is a lucrative business avenue for merchants looking for an opportunity. However, the industry also faces its share of challenges especially in terms of finding good payment solutions to offer its consumers.

It is no secret that the adult entertainment industry is a point of contention when dealing with banks and financial institutions. Established businesses as well as new merchants find it difficult to Obtain Quality Merchant Account solutions with affordable rates.

If you are a merchant approaching a bank or a merchant account provider, do not be surprised if they shoo you away once you are done explaining what your business deals with.

Apply for a Instant Approval Adult Merchant Account

Opening an adult merchant account for credit card processing is difficult for merchants simply because the industry is tagged under High Risk.

How to obtain Adult Merchant Account Solutions?

Inspite of being a legal business, merchants will have trouble when dealing with majority of the processors.

Risky business nature, High chargebacks, Controversial business, Uncertain policies, Age restrictions, Subscription-based services, Frauds, etc are some of the reasons why a business may find it nearly impossible to get regular adult merchant account solutions.

But don’t lose hope! As much as it is difficult, obtaining Adult Merchant Account services is absolute possible for new as well as established merchants alike.

All a business needs to do it approach a High Risk Merchant Account provider like International Bank Services ( IBS ) who are willing and offer quality adult merchant account solutions with fair processing rates.

In order to ensure that your adult business gets approved quickly and easily, here are some of the key points that merchants need to take into consideration;

A long and clean positive credit history is always a plus for merchants. Bad credit will reflect poorly on your application.
Be honest. Do not give false information or hide details about your business. Always be transparent about your business services and products. If your merchant account provider uncovers the details later, your account is at a major risk of getting frozen or shut down.
Make sure your business is in compliance to the rules and regulations of the industry.
A provider may set up a reserve account on your behalf so be prepared for that.

No matter the type or size of adult business, there are plenty of top-rated adult merchant account providers that offer quality Adult Merchant Account Services to help grow your business.

Adult Merchant Accounts: Everything You Should Know

What Are Adult Merchant Accounts?

Adult Merchant Accounts are considered to be in the high risk category. Merchant accounts for most businesses are invariably different from the one required for the adult business.

Every business has its own characteristics, especially with relation to the risk profile it presents. As such, every individual business needs to have a unique merchant account to facilitate receiving online payments through credit cards and checks. The risk-proneness of adult service business tends to keep bulk of the merchant account providers (such as banks and credit card processors) away from adult service businesses.

Apply for a Adult Merchant Account

Payment Methods of Adult Businesses

Normally, there are two types of payment methods available in any adult businesses. These are:

* Monthly/periodical membership fees.

* One-off fees.

Both the types have their advantages and disadvantages. While the monthly membership fees ensure a guaranteed decent income every month, the one-off types help in building a sound client-base comprising of loyal customers, thus bringing quality and popularity to the business. The adult service providers, therefore, tend to allow both the versions in order to maximize their revenue.

Making the Adult Business More Profitable

At the initial stages, adoption of both types of payment methods may cause a little hiccup. Yet, subsequently and in the long run, it will prove useful for increasing one’s profitability. It is, however, essential that a strict vigil should always be maintained on the quality aspect. Once the business breaks even, the adult service provider can seek to expand through advertising on the Internet as well as in other media. This will also be the appropriate time to plan creating a merchant account to facilitate payments through Credit Card Processing.

As mentioned before, not a lot merchant account suppliers come forward to lend a helping hand to adult service providers. The few that may be inclined a little are likely to charge astronomically with their rates ranging up to 20%.

Paying the account provider 20% of its profit will cause the adult service provider make a number of compromises with respect to his price, quality and also, the bottom line. Since he is not likely to compromise on his quality and charge a higher price that is bound to make him lose many of his customers, the only option open to him is to cut down on his profit. However, no plan is likely to bring the desired results unless he finds a method to conveniently receive his payments online.

The Best Option for the Adult Business and Adult Merchant Accounts

Under these circumstances, the adult service provider should carry out a thorough research on the web to find an agency that can cater to his needs. There are a number of international/offshore agencies that can provide Adult Merchant Account with considerably fewer charges – ranging between 4 to 5%.

Since Internet is the order of the day, these agencies do not really bother as to where the business is located. The payments are quick and their system is meticulously streamlined. Moreover, they are known to provide merchant accounts to the adult services industry with an open mind and without any fanfare. Moreover, the adult service providers too find them most convenient to deal with.

With hordes of facilities and options, these agencies are the best bets for any adult service player. Some of the features offered by them are:

* Facilities for both one-off transactions as well as periodic billing.

* Variable billing/rebilling frequencies.

* An option to make use of Total Collect, an exclusive technology that assures to protect up to 10% more subscribers in a year.

* Employment of latest fraud prevention tools/software.