Our valued sponsor

What country to form company for IDO? (US Citizen)

cryptogal

New member
Jul 15, 2021
6
1
3
44
united states
Register now
You must login or register to view hidden content on this page.
Hello all. I am a US citizen and need to form a company in a country that allows IDO Presale without complicated registrations. I was set on Caymans but they basically have same rules as US for ICO's so I believe IDO will be complicated as well. I just cannot find any information on Presales abroad so I have come here. On this board also, most members refer to crypto trading not much talk of IDO's.
So far I have an LLC registered in Wyoming, I will not be conducting trading-just an initial IDO and move some money back to the US to start building our platform and product. I know I will pay a tax on anything I bring back to the states, not worried about that. I have a few questions below, I'd appreciate any direct answers or advise. Thank you!

1. Which country/territory for LLC formation, simple and inexpensive? I like Cayman Islands, BVI, Nevis, Puerto Rico, Bermuda.
2. Where to hold funds? I want to stay away from any foreign banks, I'd much rather keep USDT in crypto wallet until ready to cash out to US bank account (I can also pay a few vendors with crypto). Is this possible or is an offshore bank account a must. Which wallet or EMI?
3. Is it possible for a US c corp from Delaware to own this international company and extract funds?
4. What other cash out methods do you all prefer? Im leaning towards having the foreign entity pouring into a crowdfunding campaign for my Wyoming LLC, or loaning it the money or as said before-extracting to parent company.
 
1. if you plan to raise trillions in IDO, why to look for a cheap formation? that's a good investment IMHO to structure everything in a way that will minimize your loss on taxes, irregards of how much initial setup will cost.
2. Monero :D because why not, it doesn't expose your finances for all to observe and trace.
3. Why you insist to put your $ into US and IRS? there's an option to renounce your citizenship and become unchained like Django cig-:,
4. Not sure it's legal to use tricks like same company crowdfund itself, smells like legal trouble later down the road o_Oo_Oo_O
 
1. if you plan to raise trillions in IDO, why to look for a cheap formation? that's a good investment IMHO to structure everything in a way that will minimize your loss on taxes, irregards of how much initial setup will cost.
2. Monero :D because why not, it doesn't expose your finances for all to observe and trace.
3. Why you insist to put your $ into US and IRS? there's an option to renounce your citizenship and become unchained like Django cig-:,
4. Not sure it's legal to use tricks like same company crowdfund itself, smells like legal trouble later down the road o_Oo_Oo_O
Why waste your time and mine? You answered one question- thank you for that. This board has a bunch of people that love to see themselves type.
 
  • Haha
Reactions: lavel
This board has a bunch of people that love to see themselves type.
if you don't like it why are you here!
 
Register now
You must login or register to view hidden content on this page.