Best County for Crypto Startups? | Bitcointalksearch.org

joshy23

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Quote from: Seeker#9 on February 11, 2019, 04:17:15 AM

One of the best place for crypto startups is Malta, an island country located in Southern Europe. It is the first nation to have a decentralized bank and stock exchange soon. There is already a regulatory framework that will make Malta as one of the bitcoin-friendly countries. In southeast asia, Singapore has also a high number of successful crypto startups because of its short distance to China and Japan. I hope that other countries in this diverse region will also catch up in blockchain technology soon.

Nice information about malta, if they already offer decentralized bank for sure crypto economy will be much stronger and if you are planning
to start business with crypto they are one of those best options, same with the list that already mentioned about countries who already caters
bitcoin / crypto transactions, best to choose those who already have knowledge about crypto so you won't encounter any issue.

Bitcoinstein

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Quote from: secattorney on December 20, 2017, 06:52:17 PM

I typically refer my clients to more traditional hedge fund jurisdictions: Cayman Islands, Cook Islands, Nevis, maybe Belize. Better privacy, tax regimes, easier bank account openings, etc.

Not sure I see the value of an Estonia; seems to be more crypto marketing than anything else.

https://youtu.be/hYRX09T-zKw

I welcome anyone's thoughts on the issue. Cheers

Depends on the type of startups, for example, a research company and a hedge fund are two different projects.

A research company, I would say easy of Europe can be a good option as you can save a lot of costs and still find the right talents.
Hedge funds, Malta and Estonia are currently popular as big corporates as Delloites helping STO/ICO legal solutions obtaining required licenses.

I think that emerging economies are the biggest potential for wise entrepaunrers.
This is just my opinion, you should be considering with a legal entity, but you might find some truth in my words.

Seeker#9

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One of the best place for crypto startups is Malta, an island country located in Southern Europe. It is the first nation to have a decentralized bank and stock exchange soon. There is already a regulatory framework that will make Malta as one of the bitcoin-friendly countries. In southeast asia, Singapore has also a high number of successful crypto startups because of its short distance to China and Japan. I hope that other countries in this diverse region will also catch up in blockchain technology soon.

Taki

hero member

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I do not know which country is the best for crypto startup. But I know that my country is not a such place. Russia. Politicians still didn't chose the direction they go about crypto currencies. As I heard from news crypto income still seen here as something illegal and a try to hide from taxes.

imstillthebest

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Quote from: BeGoods on January 24, 2019, 08:00:57 PM

Quote from: jaocoincrypto18 on June 25, 2018, 09:31:08 PM

Japan and Germany are the best countries for those who wants to establish a crypto business because Bitcoin is legal and fully supported by the government in which there is no Bitcoin tax as per regulation policy. With this tax exemption then i believed many people will adapt bitcoin currency in which in favor for those business enthusiast.

Suitable country conditions for crypto startup it might be like this. they legalize cryptocurrency in their countries, technology has become mainstream, people are open to technological developments. with all three things, startups crypto can grow and develop
maybe japan in the first place for this.

what about the electric cost and space cost ? i forgot the other factors but there many of them that should be considered before starting a crypto business on a certain country .

Quote

crypto business because Bitcoin is legal and fully supported by the government in which there is no Bitcoin tax as per regulation policy

just because they are approved does it also means that they are free from the rules ? no . every comercial establishments or business should comply to this tax law and other rules . the word approved means that they are allowed to run and open thier business on that area but they are not exempted from any charges

Thyristor

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There are many countries best for crypto startups. Because in those countries crypto legalization is successful in the last couple of years.
-Singapore,
-Indonesia,
-Dubai,
-Malaysia,
-Japan,
-Thailand,
-Switzerland,
-Japan,
-Germany,

BeGoods

legendary

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Quote from: jaocoincrypto18 on June 25, 2018, 09:31:08 PM

Japan and Germany are the best countries for those who wants to establish a crypto business because Bitcoin is legal and fully supported by the government in which there is no Bitcoin tax as per regulation policy. With this tax exemption then i believed many people will adapt bitcoin currency in which in favor for those business enthusiast.

Suitable country conditions for crypto startup it might be like this. they legalize cryptocurrency in their countries, technology has become mainstream, people are open to technological developments. with all three things, startups crypto can grow and develop
maybe japan in the first place for this.

tulpe12

newbie

Activity: 15

Merit: 5

Germany

-good only for private purporses ( buy hold and sell ) if you hold your coins more than 12 months your profit is tax free, if you sell within 12 month and your profit is +801 euro you pay taxes ( between 15-45% )
- crypto companys pay automaticly taxes of at least 25%
- mining is falling under the law of business = pay taxes of +25%

but its a stable country, not to be afraid of getting scammed by any point of view. However startup for exchanges need a bank license anyways.

Netherlands:

- good for private purporses ( buy hold sell ) , no taxes but you pay neverless a fix tax per year on your crypto ( 1-5% )
- good for cypto startups , but you need to know which kind of legal business you want to open

latvia:

- right now they have no law of regulating bitcoins due to taxes, so all incomes are tax free! They plan to do a fix tax of 13% no matter how much you do as profit its fixed! less paper work!
- open a SIA ( company ) cost you only 2500 euro ( can pay in 1 time payment or 50% first year and 50% second year )
- low taxes on business average 10-17%
- if you generate 300.000 Euro within 1 year you can also get a permit resident card and apply for a citizienshoip after 5 years

goaldigger

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Im living in the Philippines and although we dont have that advanced technology to support bitcoin purchases, our people has freedom using it and investing in it. In fact, there is this one ultimate app for crypto which you can pay bills directly with your BYC, ETH, XRP and BCH. So i consider my place as one of the best crypto places to start up

natagor

newbie

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In terms of legal regulation - Switzerland would be the best one. Singapore is No.2 as the government set the guidelines in November 2017. I personally used the guidelines for a number of projects, they are pretty clear and precise.

Kemarit

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Quote from: greeklogos on December 28, 2018, 05:14:48 PM

I think Ukraine will try her best to take the number one place. I have heard that they are really trying to attract investments and attention on anyway and crypto legalization or freedom is one of them. Well, let's see how it will be in the final.

I try to search about Ukraine as I'm not familiar how crypto country they are.

https://cointelegraph.com/news/ukraine-to-legalize-cryptocurrencies-invites-citizens-to-comment-on-proposed-regulations

And it looks like you are right and might be a good candidate for a crypto startup. Singapore is slowly gaining some grounds as well as I have seen ICO being HQ in that country. Although we have seen the market conditions is not that good for project developments right now because of the bearish trend, it seems though that many country are not deterred but willing to be friendly to crypto space.

greeklogos

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I think Ukraine will try her best to take the number one place. I have heard that they are really trying to attract investments and attention on anyway and crypto legalization or freedom is one of them. Well, let's see how it will be in the final.

deppil

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Quote from: tomodachi on June 25, 2018, 05:59:32 PM

I think that Japan, Korea and Switzerland the best countries for crypto startups. Moreover, Japan support crypto market.

Moreover there are developed countries. very sophisticated technology coming from that country and it seems people there are very open to technological developments? bitcoin also thrives there. if there are no obstacles like prohibitions. crypto startups will be used a lot on there

jademaxxiss012

member

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Well usually small countries will be a good environment for crypto start ups. This would be serve as a training ground and will be a learning in the near future as one grows and continue his/her endeavor to cryptocurrency in a larger base community like relating to other countries as well from around the world. Just try small amount first when investing in cryptocurrency.

izanagi narukami

legendary

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As long as the government legalize crypto, they will suport for any crypto start up.
IMO, it's a great opportunity because crypto start up still a few around the world so make sure that you've mastered your knowledge about crypto tech so you can earn more ealier than who want to start this industry in the future !

aftermkt

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I enjoy your youtube channel btw

I would be curious as to your thoughts on Cook Isnalds??

WHYofficial

newbie

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Decentralized platform for food delivery.

Japan, there you can already pay with crypto money for purchases in stores.

Soots

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Quote from: Flor1982 on August 11, 2018, 12:31:31 AM

Quote from: secattorney on December 20, 2017, 06:52:17 PM

I typically refer my clients to more traditional hedge fund jurisdictions: Cayman Islands, Cook Islands, Nevis, maybe Belize. Better privacy, tax regimes, easier bank account openings, etc.

Not sure I see the value of an Estonia; seems to be more crypto marketing than anything else.

https://youtu.be/hYRX09T-zKw

I welcome anyone's thoughts on the issue. Cheers

For me the best country will be Germany because of free of Bitcoin tax and we can use Bitcoin currency for spending in most of their establishments. Hopefully all country will be the same of Germany regulation policies in which we could enjoy Bitcoin benefits anytime and anywhere for free.

If all the countries will have that mindsef on crypto, that could provide every people an opportunity to be more stabe on their finances. With respect to Germany, the adoption could help the cryptocurrencies economy grow much higher in demands and could toss up the value of each coins. There's a lot of prospected countries seem to be similar with Germany that has greater potentials on crypto to start over, and to begin was just a matter of motivations specially the residents who will study cryptocurrencies in order to gain knowledge.

Flor1982

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Quote from: secattorney on December 20, 2017, 06:52:17 PM

I typically refer my clients to more traditional hedge fund jurisdictions: Cayman Islands, Cook Islands, Nevis, maybe Belize. Better privacy, tax regimes, easier bank account openings, etc.

Not sure I see the value of an Estonia; seems to be more crypto marketing than anything else.

https://youtu.be/hYRX09T-zKw

I welcome anyone's thoughts on the issue. Cheers

For me the best country will be Germany because earning Bitcoin is tax free and we can use Bitcoin currency for spending in most of their establishments. Hopefully all country will be the same of Germany regulation policies in which we could enjoy Bitcoin benefits anytime and anywhere for free.

BasttikKosterr

newbie

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Merit: 0

Estonia remains the best country for crypto startups.

Topic: Best County for Crypto Startups? (Read 23588 times)