Best County for Crypto Startups?

[secattorney]

I typically refer my clients to more traditional hedge fund jurisdictions: Cayman Islands, Cook Islands, Nevis, maybe Belize. Better privacy, tax regimes, easier bank account openings, etc.

Not sure I see the value of an Estonia; seems to be more crypto marketing than anything else.

https://youtu.be/hYRX09T-zKw

I welcome anyone's thoughts on the issue. Cheers

[1714124882]

1714124882

[1714124882]

1714124882

[Fire Rabbit]

Hey can you work as a legal advisor for one of my friends ICO. My friend is planning to launch an ICO by the first week of march 2018. But he doesn't know anything about it. He has the idea. But doesnt know about its legal side. Can you help him regarding that. He can only pay you in bounty and a percentage after the successful completion of ICO as fee.

[secattorney]

NP - feel free email me at@tracyfirm.com thx!

[Granxis]

If you are interested in mining, Estonia will be great for you, because Estonia is the country with the fastest internet in Europe and you are less costly to cool mining equipment due to the coolness of the climate.

[Kemarit]

There is a new kid in town. BELARUS. The President just announced that they are legalizing bitcoin and all related to crypto's (ICO, mining farms and tradings), and read this, will be tax-free for the next five years.. So there's no question now at to what country is the best for all things crypto's. Here's the full article:

https://news.bitcoin.com/belarus-legalizes-cryptocurrencies-icos-tax-free/

The government is trying to built a crypto haven there. I'm expecting a exodus of companies to Belarus and starting their ICO because of this incentives. This is positive news for all of us. Another country has joined Japan and Australia as the only nation so far who have legalized bitcoin.

[marcbitcoins]

I typically refer my clients to more traditional hedge fund jurisdictions: Cayman Islands, Cook Islands, Nevis, maybe Belize. Better privacy, tax regimes, easier bank account openings, etc.

Not sure I see the value of an Estonia; seems to be more crypto marketing than anything else.

https://youtu.be/hYRX09T-zKw

I welcome anyone's thoughts on the issue. Cheers

Come here in the Philippines in which bitcoin and other digital currencies are not declared legal but not ban and have the support of our Central Bank and other top local banks. It could be regulated soon but still Philippines is friendly to all foreign investors as long as their business is not involved in illegal activities.

[juddtrump]

The best countries for cyrpto startups would be
Japan
Germany
Holland
Canada

[reidospiratas]

Interesting answers,
I will launch the startup in 2018 too

[cynical]

There is a new kid in town. BELARUS. The President just announced that they are legalizing bitcoin and all related to crypto's (ICO, mining farms and tradings), and read this, will be tax-free for the next five years.. So there's no question now at to what country is the best for all things crypto's. Here's the full article:

https://news.bitcoin.com/belarus-legalizes-cryptocurrencies-icos-tax-free/

The government is trying to built a crypto haven there. I'm expecting a exodus of companies to Belarus and starting their ICO because of this incentives. This is positive news for all of us. Another country has joined Japan and Australia as the only nation so far who have legalized bitcoin.

Belarus can obviously see a benefit in the crypto industry to its economy.
i can imagine it wants to attract high end tech jobs to its country.
does it have the infrastructure in place for the next 5 years though?

[PeterKh]

Here is a little research I did on jurisdictions. https://www.scribd.com/document/366368587/Incremint-ICO-Jurisdiction-Survey-December-2017

It does not of course answer the question of what is the best one. Considering Cayman's zero tax approach and generally good reputation, it's hard to beat them, imho. It would be nice though if Cayman Island's authorities added some official clarity on KYC/AML requirements for ICOs.

Thanks!
P

[LilibethSantos]

You may also consider Panama, Costa Rica or Paraguay.

This map shows countries that only tax locally sourced income.

[tee-rex]

The best countries for cyrpto startups would be
Japan
Germany
Holland
Canada

What about Switzerland? Does it cut it as a crypto startup paradise?

Also, there are rumors that Belarus is going to fully embrace bitcoin in about three months or so, something like no mining or possession taxes whatsoever till 2022, though I don't really know if anyone is going to move or register their bitcoin business there. It make take plenty of time to see what is actually on their government's mind.

[PatelKartel]

I herd a lot of startup ICOs are starting from Slovenia. Very good for crypto stuff (for now) I herd estonia and germany also very good.

[wladsem555]

If you are interested in mining, Estonia will be great for you, because Estonia is the country with the fastest internet in Europe and you are less costly to cool mining equipment due to the coolness of the climate.

Probably, for the rapid development of IT-technologies, Estonia is really among the first ...

[PeterKh]

Estonia is pretty good indeed. And I'm pretty sure corporate tax is only applied at distribution.

[lili song]

I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.

[tee-rex]

I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.

I think you are a tad misinformed. Bitcoin is officially illegal in Indonesia, so I don't really know how you could ever consider this country as one of the best countries for crypto startups. Thailand doesn't look very pleased with bitcoin either. Singapore seems to be a better choice, though, in my opinion, it is Japan and South Korea which are most friendly toward bitcoin among all Asian countries.

[Kola]

Belarus accepted all of crypto, Japan is super technology but high taxes there so, HongKong too is good too

[kimochidesh]

I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.

Asia is the most unsuitable country for crypto-related startups. Countries like Indonesia, Bangladesh, Nepal declared Bitcoin and crypto's illegal, even Thailand and Singapore also not seem to be much positive on Bitcoin usage.
Japan or European country like UK is best for crypto-startup. Japan recognize BTC as legal tender and support crypto market. Even awareness about crypto is also quite more in these in countries than Asian countries.

[splat44]

Japan, SIngapore, Russia and Honkong i believe that they are cryptofriendly. just what Japan and Russia have done they are crypto lovers and it will help to boost the economy with the help of blockchain they created their own currency and soon will launch in the market.