Bitcoin Forum

I m planning to invest in ICO projects. I need to know which country in the world allows cryptocurrency as well as allows foreigners to establish business company in that country. Any lead.

 Hi,

   For now I think Switzerland is one of the best countries for ICO.

   Look into that area.

 

Japan is very open with foreigners to establish business and crypto.

Iceland is best for the mining rigs and yes Switzerland, Russia, and Japan is coming up with some of the best Coins available in the market.

Really good

Keep your eye on the United States.  Don't count America out of this revolution!

It might seem like we're a sea of red tape, and in some sense we are right now, but that's going to be changing.  Many state governments are about to undertake "regulatory arbitrage" to encourage blockchain projects in their states.  It will be interesting to watch it unfold.

I formed my organization BTRIC (Blockchain Technology Research Innovations Corporation), which is a 501(c)(3) non-profit charity business incubator for Internet 3.0 projects (which will then be spun-off as for-profits, either as ICO or VC funding methods) in the United States after considering many other jurisdictions and seeking advice of some attorneys that specialize in FinTech and securities law.

One of the biggest problems here, finding crypto business friendly banks (necessary evil to be able to interface with the legacy financial structure), is one of the first projects we're going to tackle.

Hi. As per my research Japan and Russia are the best countries to initialize an ICO. 

I heard singapore is also a crypto friendly and so is Dubai

You can check in ICO rating and see many project come from Russia, Estonia. Japan, Korea and Singapore are openminded to Crypocurrency too.

Put your ICO on "Japan and Philippines", they highly supports cryptocurrency.
But, America, China, Vietnam and Russia it can not anymore.
They's central bank is prohibiting the use of bitcoin and other cryptocurrencies in payments.

Canada and Japan would be a big asset to start your business about crypto they are really an open city for that kind of businesses. Aside from that they're legalities in terms of crypto is vast as well as traders. Indonesia is a big country too on ICO rating. Oh! I forgot Thailand is on the run too, you can check it.

Easily Japan, one of the best places.

This is not true regarding the United States.  Yes, it is more red tape, but it is very possible to structure an ICO/ITO and be compliant with all applicable laws and regulations.

No love for Estonia?

I read an article about China and how it is beginning to accept cryptocurrencies. Keep an eye on China guys!

China and Switzerland

Japan and India are two must cryptocurrencies friendly countries to lunch and ico project as this two countries has a great potential for cryptocurrencies development. China could have been recommended but the government, especially the current regulations agency are not dispose to cryptocurrencies development and their have come up with alot of law to criminalize cryptocurrencies activities and investment.

Probably any country in the world that hasn't banned/prohibited cryptocurrency/ICO. So beware some parts of the country in Asia like India, Africa, China, etc. there were news circulating before that their government seize any company that is using any cryptocurrency to build an ICO. It is better to invest an ICO on such countries like Japan, Philippines, South Korea, Denmark, Estonia, USA, Finland and any most part of the cities in the Europe.

Who told you that only some countries are best to launch ICO. There is nothing like that unless its government has banned it. I have heard that US citizens and Chinese cannot take part in ICO. So naturally people from these two countries cannot initialize ICO project and people from rest of the countries in this world can initialize the ICO and establish company.

Maybe Estonia.
You can easily establish a company with eresidency.
They even want to launch their own cryptocurrency 'estcoin'.

Estonia and Switzerland, safest are offshore banking and companies havens like Malta, isle of man, bermuda, virgin islands ...

China is a 20% supply holder of BTC. but the Government forbids ICO. possible to protect Investors from fraud.
One of the countries that encourage advances in crypto. China has a bright future.

I'm looking into Singapore myself, how easy is it to become a resident?

Georgia is one of the best.
It allows cryptocurrency, you can open your company in 1 hour, country is super safe,  it also has free trade zone so you can avoid government taxes if you have income from foreign countries.

opening company - https://www.investingeorgia.org/en/ajax/downloadFile/564/The_Guide_-_How_to_Register_a_Business
free trade zone - https://freezone.hualingfiz.ge
safe country - https://www.georgianjournal.ge/society/32791-georgia-is-3rd-among-118-safest-countries-of-the-world.html

mate is right lots of issue is going on those country regarding the policy
for crypto currencies,not loke japan and philippines government isn't interfering
in any crypto activities.

And try to search it for yourself so u can see the difference about those countries
 that hadmentioned

You can do it any Country if your business complies with their laws and regulations.My personal opinion would be Russia.Lot of ICO's are based out of Russia if you have noticed.That also means you have a fierce competition and need local contacts to set your office offshore.
Again it depends on what your ICO does,if it something related to Gambling/Adult Swing the rules will be entirely different.

For now yes it still possible on Philippines since Bitcoin isn't really too big on here not like just on Japan on which it did really regulate and adopted it fully.I would say its better to make crypto-related business on japan or on other countries which adopted bitcoin fully without any strict compliance because those would really be the sweet spot.Never ever go to those countries which do ban or tried to prohibit bitcoin because you would really have a serious problem and its not possible to execute your plan there.

Maybe Japan, but I doubt India. They are still in the gray area, so we don't know if by sudden turn of events they will banned bitcoin or crypto or ICO just like China did. As opposed to Japan who have already embrace bitcoin like their own. Taiwan is a good options as well as they are very open about crypto. Switzerland if you are in Europe and Estonia somewhere between Russia. There is one thread that I replied asking info for India though, maybe he is opting to open ICO there. ICO's are also a way to earn for the government, so I guess if you are going to open to a crypto friendly country, I'm sure you will get an approval in an instant.

As per the news that I have followed so far Japan, Switzerland, Philipines and Russia are big supporters of cryptos

Slovenia made its first 100% compliant ICO few days ago. All 4 regulatories oppened green light and Slovenia is now European country with full ICO friendly legislation/rules.
As phisical person you evan do not have tax on crypto gains. I think Slovenia is one of interesting ones...

China and Japan must indeed be a paradise for bitcoin to judge from the great number of crypto which are manufactured there.
Unfortunately, the news was disappointing.
China didn't like putting Bitcoin in its country, it`s the same as Russia and America.

Switzerland, Estonia, Russia, Japan

Japan, Switzerland, Australia are some of the countries that are very friendly to cryptocurrency projects. However you still have to do your own due diligence when choosing the countries.
You could ask questions like whether your project is needed and whether it would be appreciated and accepted. If the country doesn't need your project, it might as well be a waste of time establishing there.

What if you do ICO by credit cards and not by BTC/ETH? Is switzerland still more relevant?

I advise  Republic of georgia,In this  country you can create your firm like LLc or another only in a few minutes without any documents .the price of this service is symbolic and the main reason is ,that,there are not strict regulations about ICO projects if you do this within law,you have a free space and You are free to do business.Also if you  have already a company in your country you can create a branch(Documents would be necessary in this situation)by submit application about this.