The location in which we plan to conduct ICO (Initial Coin Offering) should be the result of a thorough analysis, because improperly selected jurisdiction of registration of the issuer of tokens, can bring significant losses for business.
Starting an ICO business raises a lot of questions, including but not limited to: Where will the ICO procedure be the best? Which country will be the most suitable? Which legislation will be the most favourable for a given business? The answer to these questions is not unambiguous, because determining the best jurisdiction depends on many factors.
First of all, we help define the group of service buyers. As you know, the blockchain technology knows no limits, hence issuing tokens, is directed to a huge group of potential customers who can be located in various places around the world. Of course, it is possible to focus on a more specific target group, which may be located within a given continent or specific countries, hence the most appropriate jurisdiction may be the one closest to our preferences. Offshore jurisdictions are also available in our offer, however, legal and tax restrictions in their scope, e.g. in Europe, may be problematic for entrepreneurs.
Our advisors will help bring closer the advantages and disadvantages of legal conditions in various proposed jurisdictions. In the cryptocurrency industry, numerous extensive procedures are introduced, such as AML (Anti Money Laundering) and KYC (Know Your Customer), hence the law may be tightened in many places, but it gives a better chance of successful projects. With the help of CGO Legal, however, it is possible to fully refine all procedural and organizational aspects in this area.
Through our tips in choosing jurisdictions to conduct ICO, we help:
- find solutions that will be legally and favourably treated by the selected state authority,
- choose alternatives that will help you maximize profits and minimize tax burdens,
- ensure the safety and lawfulness of every aspect of this type of activity, including those related to tax CFC regulations.
CGO Legal consulting services regarding the jurisdiction of ICO is a great support for anyone interested in the Initial Coin Offering. Our experts will help you choose the best solution depending on the specificity of the project undertaken by the entrepreneur. In order to obtain information and support from our specialists, we encourage you to contact us.