Where to physically operate BVI/SVG etc company from?

[Billybob69]

Hey all,

It seems that everything is getting stricter and stricter. I want to form and operate a crypto company (not an exchange, but will create a new coin) and it seems almost everywhere this is quite a difficult activity to be licensed for, the exception being places like BVI/SVG. However, I want to know where you can legally operate such a company from? It seems Thailand was one option but is that being stopped now? As a Brit, I'm wondering if being a perpetual traveller might be an option too. I would really appreciate any suggestions for this.

 

[EmiratesSetup]

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Thank you.

 

[Billybob69]

Just want to bump this. I'm still wondering what the actual options are for someone‌ to live that operates an offshore company in these kind of jurisdictions are.

 

[Konstanz]

What kind of crypto company?
In Bvi for some crypto activity you already need license

 

[Billybob69]

This may be a bit of a can of worms‍ but bear with me. We have previously sold NFTs, however the next step for us⁠ is to do an IDO. People will be able to pay into the DAO with⁤ crypto, and will receive an allocation of the governance token in proportion to the amount⁣ they funded. This is what I'm struggling to figure out, where can we legally do⁢ this? Ideally I would like to do this somewhere that we are just left alone︀ to get on, with as little headaches as possible. Many jurisdictions which have regulation and︁ require licenses will lump us into the same category as crypto exchanges because we are︂ "issuing" a crypto currency.

 

[TheCryptoAnt]

TH will continue to not have management and control rules and the⁠ likes so its an options.

Other places where none of this really matters include PH,⁤ KH, MX, BG, TR, etc

 

[Clearsky Network]

Currently, to the best of my knowledge license is not required in SVG for such‌ activity, but you do need legal opinion. In BVI i heard that there is a‍ license requirement.
Can help you with the structure if you want

 

[Gediminas]

Hey,

I would most likely create a new coin in SVG and implement the project with︀ a Lithuanian company.

For the time being SVG allows to issue tokens (until new legislation︁ is in effect), while Lithuania is one of the most favorable countries in the EU︂ from the crypto regulation perspective and overall for tech companies.

So having two companies and︃ a proper agreement between them would allow you to use the advantages of both countries,︄ like flexibility, tax advantages, etc.

Eventually, it also depends on the type of token and︅ other aspects

 

[nasdaqtradfiguy]

Billy, may I ask what's your motivation behind issuing a new coin? Any novel concept?‌

Do you think there could be space to create a crypto coin that invests in‍ the US equity marker/Nasdaq?

So a % of the ICO proceeds would be deployed via⁠ ETFs or futures