Want to know how to setup Bitcoins with offshore company for trading?

[Houdini]

I want to know how I can setup a offshore company for trading bitcoins? Is there any regulations, license or government rules I need to consider before I start my business?

It seems it is some of the best investment opportunities at the moment with high profit returns and low risk so I want to enter into this business with a new registered offshore company.

Can someone please tell me how it's possible?

 

[negon]

No license required. Incorportae your business in the Seychelles, that's cheap, easy and fast!

 

[Houdini]

thanks for your fast response @auric do you know if the Seychelles will require a‌ license or something to conduct bitcoin investment business there?

 

[negon]

I guarantee you that no one will come after you if you just start your‌ business! It is a different topic if you want to obtain a bank account and‍ trade using the bankign system. They won't accept it, but that's a different story!

 

[Houdini]

You sure!? Sorry but I don't want to waste money on an company registration! I‌ read that financial service companies at least need to get a CSL Company in the‍ Seychelles?

 

[JohnLocke]

Actually you won't need a CSL compan in the Seychelles nor will you need any‌ license since it is not a recognized currency there. If you trade public and exchange‍ BitCoins it is different you will be required a license, however, it is very expensive⁠ and complicated to get. I would not recommend the Seychelles for this purpose.

 

[Houdini]

Thank you. it was a business I wanted to open for exchange of Bitcoins from‌ EUR/USD/GBP to Bitcoins visaversa!?

 

[PluT0]

Which bitcoin OTC market you are‍ into ? May you share the requirement to join OTC trading.
Thanks

 

[hungryit]

What is OTC? I Wonder, bitcoin Exchange is not regulated is it?

 

[Houdini]

I just want to do simply exchange‍ business using some software I found that works together with BitStamp. It's not legal as⁠ I have researched. The exchange between the different currencies is done manual.

 

[PluT0]

OTC = Over The Counter. Buy/Sell/Trade in huge quantity. Sometimes start with 50‌ btc / trade.

 

[hungryit]

You mean 50 btc = 38,7K Euro ?

 

[PluT0]

Yes, could‌ be more...
Introducing: BitX Bitcoin OTC Desk <<< they start with 250 btc.
Bitcoin OTC‍ Trading | itBit <<< 100 btc

 

[hungryit]

ohh okay thank you. will have a look at this and ask questions 🙂

 

[negon]

I believe it is no some mandatory requirement to have that many bitcoins. You could‌ start slow with the exchange business and only take on small amounts and a limited‍ number of customers in the beginning. So the cash flow required is limited.

Sure you⁠ will not make that much money to start with but it is better to grow⁤ your business slowly.

 

[cosmo]

What software did you find and⁠ you are sure it is reliable?

I would say if you are in a startup⁤ situation and don't even know the business you are entering really good (which sounds to⁣ me to be the case) you want to simply register a Belize or Seychelles corp.⁢

 

[cosmo]

I don't‌ believe that you need that much Money to start with if you start out small‍ and grow your business.

 

[CoinMaster]

What kind of investment company are you plan to do?

 

[maxmoney]

I read to register a company for this business is not the issue. The problems‌ comes when you want banking for your operation!