Are you looking to launch a business that will offer/sell Crypto Tokens to the General public? Or are you looking to launch an ICO? Or are you looking to launch a Cryptocurrency Exchange?
Are you wanting to avoid to the hassle of, and the expense involved in, having to apply for some form of Special License?
If ease of set up, and/or tax minimisation and/or ownership privacy is important to you, you might want to incorporate your Company in a Low Regulation nil tax Privacy Haven (ie somewhere which typically does NOT have a public register of directors, shareholders or owners). Most people in that position choose to incorporate in one of these jurisdictions:
- Belize – For detailed information click on this link: http://offshoreincorporate.com/belize-offshore-companies/
- Nevis – For detailed information click on this link: http://offshoreincorporate.com/st-kitts-and-nevis-offshore-companies/
- Panama – For detailed information click on this link: http://offshoreincorporate.com/seychelles-offshore-companies/
- Dominica – For detailed information click on this link: https://offshoreincorporate.com/dominica-offshore-companies/
- Seychelles – For detailed information click on this link: https://offshoreincorporate.com/seychelles-offshore-companies/
- St Vincent– For detailed information, check this link: https://www.dropbox.com/s/66hidfkfz3abj8g/Saint%20Vincent%20IBCs%20Page.doc?dl=0
These jurisdictions are very popular with ICO, Blockchain focussed and Cryptocurrency Exchange startup enterprises as currently in these jurisdictions such activities are neither licenseable nor prohibited activities.
Cost there would be:
- For a Belize Company, including incorporation, registered/agent office service and one year’s basic admin: $1,000 (0r $1,400 if a Nominee Director is required – which would be advisable for tax purposes). 2nd and subsequent years $690 (or $1,090 if nominees are required)
- For a Nevis Company, including incorporation, registered/agent office service and one year’s basic admin: $1,200 (0r $1,700 if Nominee Directors are required – which would be advisable for tax purposes). 2nd and subsequent years $890 (or $1,390 if nominees are required)
- For a Panama Company, including incorporation, registered/agent office service and one year’s basic admin: $1,000 (+ $900 if Nominee Directors are required – which would be advisable for tax purposes – note Panama requires 3 Directors minimum). 2nd and subsequent years $690 (+ nominees if required)
- For a Seychelles Company, including incorporation, registered/agent office service and one year’s basic admin: $1,075 (0r $1,475 if a Nominee Director is required – which would be advisable for tax purposes). 2nd and subsequent years $765 (+ $400 if nominees are required)
- For a St Vincent Company – see attached
If you’re just looking to invest in Cryptocurrency/s or to Trade Cryptocurrencies do let us know because if that is all you intend to do then you would have a much wider choice of nil Company tax jurisdictions/entities (including Seychelles, HK, Samoa, Dominica, Gibraltar, Anguilla, Marshall Islands, American LLC States, Singapore Estonia, Scottish LPs and more). .
Once we know/can read some details re what kind of Crypto/Fintech business you intend to startup OCI can/will provide more definitive advice on where we think you could/should incorporate. If you’d like some free guidance/suggestions in regards to where to incorporate please email us a copy of, or a detailed summary of, your business plan (we’d be happy to sign a NDA to help facilitate that). We specialize in incorporating Crypto startups – every week we help to launch at least one new ICO or at least one new Exchange and hence are uniquely placed to help you.
Would you like to know more? Then please Contact Us:
info@offshorecompaniesinternational.com
DISCLAIMER: OCI is a Company/Trust/LLC/LP/Foundation Formation Agency. We are not tax advisers or legal advisers. You are advised to seek local legal/tax/financial advice in regards to your local reporting/tax requirements before committing to set up or use an Offshore Company or other entity.
