Hi guys. I like to start an affiliate business in gambling and sports betting. I know how to get traffic via organic search but the legal stuff is where I'm a bit lost.
What is a recommended setup to start the business nowadays? I was thinking about an offshore company (Belize, seychelles...) with EMI like transferwise or similar to receive payments. Now I know in 2019 that's tricky if not impossible cause of kyc, anti money laundering rules etc. Accounts are getting shut down, documents need to be provided to unblock accounts etc. it is impossible right now, or do you have working solutions? Maybe on a small scale?
Or can I just do the whole gambling affiliation thing as a private person (I actually saw that option on some affiliate programs)? I am a resident of a banana republic, so I won't be bothered by my government.
Is an Estonian company with e residency an option?
Target markets would be German speaking countries and maybe LATAM.
Looking forward to your experiences and advice.
What is a recommended setup to start the business nowadays? I was thinking about an offshore company (Belize, seychelles...) with EMI like transferwise or similar to receive payments. Now I know in 2019 that's tricky if not impossible cause of kyc, anti money laundering rules etc. Accounts are getting shut down, documents need to be provided to unblock accounts etc. it is impossible right now, or do you have working solutions? Maybe on a small scale?
Or can I just do the whole gambling affiliation thing as a private person (I actually saw that option on some affiliate programs)? I am a resident of a banana republic, so I won't be bothered by my government.
Is an Estonian company with e residency an option?
Target markets would be German speaking countries and maybe LATAM.
Looking forward to your experiences and advice.