1. honestperson

    honestperson New Member


    I am an entrepreneur from India planning to do my ico.

    I was searching countries where I can do my ICO.

    Till now the following angles have reached me

    1. Allowed legally
    2. Crypto Friendly bank
    3. Structure supported in the country
    4. Not blacklisted
    5. Tax on proceeds
    6. Low Budget

    I have seen that Estonia comes closest when i consider legal framework.

    When I see crypto friendly bank then cayman comes closest.

    Structure wise the Nevis or vincent look best.

    Tax is almost good in all island countries.

    Cashing out is stage 2 problem. The first problem is that how the country should be positive towards ico launch and should not change the plan in next 3-4 months.

    Its should be easy to register. (1 day)

    Anonymity is not that important. Legal liability is very important in case the crypto gets lost or something unforeseeable happens. Ex: somebody hacks the main account or crypto company fails or some terrorist laundered the money by buying my tokens.
    blizz likes this.
  2. lookingforward

    lookingforward Building Trust Entrepreneur

    Not a pro in ICOS, but can say for sure, that this one is almost unreal = "Its should be easy to register. (1 day)"
  3. honestperson

    honestperson New Member

    Agree to this. Lets say 0-15 days.
  4. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    0-15 days to get regulated :(
  5. Bizfiling

    Bizfiling Active Member

    We did 4 ICO's with clients in HK ( not advisable) , Estonia-No problems and affordable , Switzerland -Best , but expensive and Cayman Islands - no problems so far. Bank accounts in Estonia and Switzerland no problem
  6. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    How easy was Estonia FIU out of interest? They say that have to grant or dismiss a license application within 30 days.
  7. Bizfiling

    Bizfiling Active Member

    well to be honest our EE client decided not to apply for a license .
    check the website: Activity licence for the provision of financial services | Eesti.ee
    You need to apply for an activity licence if you wish to operate in the following fields of activity:

    • operating as a financial institution (including operating as a provider of currency exchange services)
    • providing trust and company services;
    • providing pawnbroking services;
    • providing services of exchanging a virtual currency against a fiat currency;
    • providing a virtual currency wallet service;
    • buying-in or wholesale of precious metals, precious metal articles or precious stones.
  8. theman78

    theman78 Active Member

    Does anyone here know how to setup a emi wallet service like mistertango? maybe with estonia bank?
  9. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    Whats this got to do with this thread? Start a new thread with the appropriate subject line :)
  10. honestperson

    honestperson New Member

    In terms of Founder liability, Do you think one should go for island countries or Estonia would be fine?
  11. blizz

    blizz Trusted Member Mentor Group Business Angel

    so you simply spam your service and spread nonsense? How can you say 4 clients and say they didn't apply for a license?