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from www.independent.ie – MANWIN, one of the world’s biggest porn companies, has opened an office in Dublin after setting up a low-tax intellectual property hub here only six months ago to handle its racy online content.
The Sunday Independent has confirmed that Manwin – owner of dozens of adult sites, from the globe’s most popular adult site YouPorn to the more specialist Tranny Surprise – has become the latest internet giant to open an office in Dublin’s Silicon Docks.
It has already hired 33 staff for its office which, is just yards from the entrance of Facebook, the IDA investment flagship, and close to other technology standard-bearers, Google and LinkedIn.
Manwin, which is owned by German-born ‘King of Porn’ Fabian Thylmann, is not, however, a client of the IDA and its presence here is relatively discreet. The company is located on one floor of a nondescript serviced office close to Grand Canal Quay but a visit by the Sunday Independent to its offices could find no outward sign of the company, which is estimated to make €100m a year from its online activities.
Manwin confirmed to the Sunday Independent that it had opened an office here in recent months and was looking to hire more people.
“We are in the midst of global expansion and very happy to be able to tap into the amazing local talent found in Ireland,” a company spokesperson said.
Manwin refused to comment in detail on what it does here or to discuss whether it had located here in part for tax purposes.
“Manwin is a private company and accordingly, matters pertaining to its operations are treated in the same manner,” the spokesperson said.
“Manwin is a leading international IT firm, and one of the top five bandwidth consumption companies in the world,” she added.
Manwin’s sites are estimated to receive 16 billion visitors per month and the company generates cash by selling advertising in a similar way to YouTube, the popular mainstream video search site.
Documents filed in Dublin’s Company Registration Office (CRO) show that Manwin has a complex corporate structure here with its interests in Dublin linked to its other businesses in Miami Beach, Florida and Boulevard Royal in Luxembourg.