As a US resident, I'm locked out of a number of ICOs, unless I wish to apply as an accredited investor and share a tremendous amount of financial information.
I'm considering whether an offshore corporation or LLC might be the best way to handle this. I don't anticipate actually needing a bank account - this would be for qualifying for token purchases, which eventually would be transferred directly to me, and I'd pay all my US taxes on them when they are converted to some other currency.
I was hoping that the simpler requirements would make the choice of country for the IBC easier, and perhaps less expensive, but my initial research has me quite confused.
Am I overthinking this? Would there be much of a difference in choice between say, BVI, Nevis, Belize? Which would be least expensive to form and maintain?
And who are some recommended service providers?
Thanks-
P
I'm considering whether an offshore corporation or LLC might be the best way to handle this. I don't anticipate actually needing a bank account - this would be for qualifying for token purchases, which eventually would be transferred directly to me, and I'd pay all my US taxes on them when they are converted to some other currency.
I was hoping that the simpler requirements would make the choice of country for the IBC easier, and perhaps less expensive, but my initial research has me quite confused.
Am I overthinking this? Would there be much of a difference in choice between say, BVI, Nevis, Belize? Which would be least expensive to form and maintain?
And who are some recommended service providers?
Thanks-
P
