Success Stories: OnlyFans Webcam Models in Latin America Cut Taxes by Setting Up Companies in the U.S.

OnlyFans has revolutionized the digital industry, empowering webcam models to gain economic independence through erotic or sexual content. According to Colombia's National Directorate of Taxes and Customs (DIAN), the webcam business in Colombia alone generated nearly $600 million annually as of January 2023.

Typically, a content creator on OnlyFans earns around $180 per month, but some creators can make over $100,000 monthly, depending on their content and subscribers. Interested in learning how to make money on OnlyFans and reduce your taxes through a U.S.-based company?

This article will tell you how successful OnlyFans models have cut their taxes by setting up a company in the U.S.

Success Stories: OnlyFans Webcam Models in Latin America

• Kate Carvajal: Before setting up her company in the U.S., Kate faced a 30% tax burden in Colombia and an additional 10% in platform fees. By establishing her company in Wyoming, she reduced her tax burden to 21% and eliminated transfer fees, saving over $10,000 annually.
• Angélica Álvarez: This OnlyFans model from Mexico City used to face up to 35% in local taxes and bank fees. By forming her LLC in Delaware, she lowered her effective tax rate to 21% and eliminated transfer fees, saving over $15,000 annually.
• Keylin Johana: Keylin dealt with a 35% tax burden and 15% platform fees. By moving her business to Florida, she reduced her tax rate to 21% and eliminated transfer fees, saving over $12,000 annually.
• Antonella Cano: Antonella faced 35% in local taxes in Chile and additional bank fees of 12%. By establishing her company in Florida, she reduced her tax burden to 21% and eliminated platform fees, generating significant annual savings.
• Jessie Romero: With a 30% tax burden and 10% transfer fees in Colombia, Jessie saw an opportunity by setting up her LLC in Wyoming. She reduced her tax burden to 21% and eliminated transfer fees, allowing her to save over $8,000 annually.

Why Set Up a U.S. Company as an OnlyFans Webcam Model?

1. Favorable Tax Structure: Setting up a company in the U.S. offers OnlyFans webcam models in Latin America several fiscal and legal benefits that can significantly impact their financial situation. The U.S. has flexible business structures like the LLC (Limited Liability Company), which not only protects personal assets but also allows for more favorable taxation compared to other countries.
2. Tax Reduction: The taxation for income generated as an OnlyFans webcam model can vary greatly depending on the country of residence. The U.S. offers a more business-friendly tax environment, with competitive tax rates and the possibility of deducting a wide range of business-related expenses, from production equipment to promotional and travel expenses, resulting in a considerable tax burden reduction.
3. Greater Opportunities: Establishing a company in the U.S. not only brings tax benefits but also provides access to a global market and expanded business opportunities. OnlyFans webcam models can leverage the advanced financial and technological infrastructure of the U.S., as well as its reputation as a global hub for digital commerce and entertainment.

Frequently Asked Questions

1. Is it legal for OnlyFans webcam models in Latin America to set up companies in the U.S.? Yes, it is completely legal for OnlyFans webcam models to establish companies in the U.S., as long as they comply with local and federal laws.
2. What are the requirements for setting up a company in the U.S. as a foreigner? The requirements may vary by state, but generally include choosing an appropriate business structure, obtaining an EIN (Employer Identification Number), and complying with local tax obligations.
3. How can I open a U.S. bank account for my company from Latin America? It is possible to open a corporate bank account in the U.S. from Latin America, though the requirements may vary.

For OnlyFans webcam models in Latin America, setting up companies in the U.S. represents a smart strategy to optimize their fiscal and financial structure. By moving their business to a lower-tax environment and avoiding platform fees, these professionals not only increase their earnings but also ensure a more stable and profitable future in the digital industry.

At Prodezk, we offer personalized service at every step of the way, ensuring a hassle-free experience and successful registration for your company in the U.S.