Recent content by slade991

Thanks! At the moment we are looking into different options. But i'll let you know if we need. I appreciate the offer. I agree that he is right, i noted his comments and will definitely consider them. However the setup he is referring too doesn't change the core of the problem which is KYC for...

Thank you i will look into it.

When you go to a brick and mortar shop, there is no customer information. I am not familiar with scandinavia but it might be that they are able to use receipt instead of invoices, the same as how the brick and mortar shops usually do.

Yes they do. But not because they have to, but because as you said it's widely spread and accepted. Mostly to prevent fraud. As far as i am aware there is no law in EEA and US at the moment to force IAAS to do KYC, apart for the one that might pass in the US. We don't have our own ASN at the...

Regarding the invoices, so that is one thing which is interesting in Singapore. As it is possible to use receipt, without customer information instead of invoices. So you're basically saying that the US entity would bill the foreign entity which will not be considered reselling the servers /...

Thing is that law apply to US server as well not only to US entity. Even for reseller. So even if technically a KYCed entity is renting the servers, this entity will resell the server as VPS to customers which will need to be KYCed as well. Except if lying and saying the servers are not resold...

Issue is US might pass a law to require IAAS to gather KYC for customer as i linked earlier.

i succesfully opened an ibkr account as a us llc non resident.

It seems singapore allow to do accounting with receipt. And those don't require any customer information. So it seems that would probably be our best / affordable option at the moment. Any crypto friendly bank in SG ? We are renting atm. Infrastructure is in NA and Europe. We invoice in euros...

Thank you for the recommendations guys. So just to clarify : The issue is that we want to incorporate in a place where we can legally operate ( and pay taxes ) without having to disclose our customers information. The core of our business is that we do not ask for any information ( beside an...

there is a new law incoming : U.S. Department of Commerce Publishes Proposed Rule Imposing “Know Your Customer” and Reporting Requirements on U.S. Infrastructure as a Service Providers The issue is when reporting income for tax purpose, often invoices are necessary and require customer...

issue with this kind of setup is that it start to get real expensive really fast. Would rather have everything in one spot. I was looking at singapore ? But i'm not 100% sure about the compliance.

At the moment it is not required everywhere so i'd like some place where i can incorporate that doesn't require it still. If it change in the future we'll see.

I want to be fully legit and also the money doesn't stay in crypto it is converted to fiat and go to business bank account.

Hello all, I currently own a us llc, however a new law for IAAS will soon require providers to ask customers for KYC information. Problem is our niche is exactly the opposite, not requiring any KYC and 90% of our customers pay with crypto. The current setup is that the crypto is converted to...