Recent content by kagein

Your right a company would suit our needs, the problem is collective investment companies (closed ended funds) have to obtain a license in many jurisdictions, Seychelles and BVI for example. While we could use an IBC, if authorities find out there are generally hefty fines. With regards to tax...

Brokers wont open crypto derivative accounts for us companies / citizens.

I don’t know how a DAO would work for us. We trade crypto derivatives so we need an account with a broker under the name of the company. So if there’s ever an issue, we each have legal claim for the funds sat at the broker. We don’t do any on chain trading.

Four friends are looking for the best jurisdiction to set up a closed ended private fund. The fund will be trading crypto derivatives, all profits will be distributed in crypto so we wont need any banking. Our main aims are no corp tax, no need to have a license and minimal reporting...