Which would be the best jurisdiction in terms of taxes for registering an NFT Project

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fortunespeculator

Entrepreneur
Hi
I have a client who is planning an NFT project which would be the best jurisdiction for registering the same so as to minimise taxes and also have good banking options .Two Founders are Belgian and Lebanese nationality.
 

CyprusLawyer101

Mentor Group Gold
Cyprus maybe. And once they scale up they can go for a " crypto asset provider " license.
 

CyprusLaw

Mentor Group Gold
Cyprus is a good option, but please note the following:

(a) The NFT project would fall under the crypto asset service provider registration requirement.

(b) Registration as a CASP is required prior to engaging into regulated activities.

(c) This can be avoided to some extent with proper structuring.
 
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