Topic: Double Citizenship. What to do when joining ICO Illegible is 1 of the countries (Read 196 times)
May 09, 2018, 02:43:59 PM
This should really not be too hard to figure out even if you are a world citizen, you are bound by the rule of the society you live in the only difference is your allegiance is not in any government or country other than that, you operate in their economy, they provide for your healtcasre, your security, might even provide you with a job why won't you abide by their rules so if the country you are residing is against the rule, you are sure not getting any exemption because its not going to happen.
May 07, 2018, 12:05:49 PM
That is very easy to solve. Even if you are a dual citizenship, you can only reside in one country. So if you are residing on the country where your able to join the ICO then everything is good but if not then it depends on you if you are willing to fly back to that other place.
As from OP's statement he will stay 9 months in USA and 3 months in Brazil but I think he needs to ask about these to that particular team because each ICO have different terms so getting common suggestion might not help.But I think he already got the answer because this thread is older than one month so better to lock the thread from further posts. May 07, 2018, 06:49:07 AM
That is very easy to solve. Even if you are a dual citizenship, you can only reside in one country. So if you are residing on the country where your able to join the ICO then everything is good but if not then it depends on you if you are willing to fly back to that other place.
April 04, 2018, 03:48:28 AM
In the absence of a clear ruling on this question, I am sure that many ICO projects would choose not to let anyone having double citizenship participate in the said ICO. We all know how entangled can things be when dealing with USA and some other countries and projects are avoiding that possibility now and in the future. This can be the reason why we should be pushing for a clear-cut regulations where things are defined in details.
March 31, 2018, 12:19:07 PM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
If you are a citizen of Brazil and if the governments allows you to participate in ICOs then you are free to go.Just pay the appropriate taxes to your earning then you no need to worry about USA.But it will better to contact the support team of the project to clarity the details because each and every project members have different rules and regulations. 
March 31, 2018, 11:22:05 AM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
what matters is your financial residency i.e. where you are working,paying taxes etc.
think you will be safe if your financial residency is in Brasil,since there are no ICOs I know that restrict brazilians from participating
you should be able to join ICOs no problem if you have your brazilian KYC papers though,even if you work and pay taxes in the US
I doubt many ICOs will be tracing your history,but better be safe than sorry
if the amount of money you plan to invest is substantial,I say contact a lawyer to be on the safe side
March 30, 2018, 11:19:09 AM
That is a weird case t. I haven't heard much about double citizenship either but if you have the privilege to live in a country that does allow any participation in ICOS then you must probably give your entry in the ICO . It will be always advisable to consult the manager of the ICO to spare yourself from any type of trouble situation .
March 30, 2018, 06:34:18 AM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
If you have dual citizenship and one of the countries you are a citizen of is not whitelisted then the best to do is register with the country that wont bar you from participating in such an ICo because there are no such restrictions as far as I know. March 30, 2018, 04:58:59 AM
In such a case, it's definitely recommended to check out at least some basic existing laws in both countries so to avoid any possible troubles.
March 26, 2018, 12:22:11 PM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
I am not quite sure that countries allow double citizenship. I mean if you get a citizenship of a new country your citizenship with the old country generally gets abolished. However if you are so sure about it then ofcourse just submit your KYC documents of Brazil and feel free no one is going to check your identity in US Records too. As soon as you provide brazilian proofs you will be out of the blacklist. 
March 26, 2018, 11:16:52 AM
Most of the time in these cases, the less positive option is also going to be the applicable one. It's not very clear at the moment how nationalities apply to ICOs - especially when it comes to resident status. Some ICOs restrict from location, rather than nationality - although it is the latter that matters. To be sure, most have never prevented residents who accessed from locations outside geographical locations, although now with increasing KYC documentation, this circumvention could pose problems for perpetrators.
Then, you have it on the basis of tax/revenue jurisdictions. I still maintain my original nationality, which happens not to charge tax on any income earned abroad while living/working abroad, but tax applies to me in my current jurisdiction of residence (and I was very used to working with specific tax agreements in the various countries I've worked in).
To OP, if you're referring to dual nationality, bear in mind that most countries do not permit it. If I'm not mistaken, Brazil doesn't, so regardless of how you view it, you're Brazilian in Brazil, and the US might be inclined to view you as the same, but party to American regulations. Best option now is to consult a legal practitioner for clarity. We're all guessing here.
Then, you have it on the basis of tax/revenue jurisdictions. I still maintain my original nationality, which happens not to charge tax on any income earned abroad while living/working abroad, but tax applies to me in my current jurisdiction of residence (and I was very used to working with specific tax agreements in the various countries I've worked in).
To OP, if you're referring to dual nationality, bear in mind that most countries do not permit it. If I'm not mistaken, Brazil doesn't, so regardless of how you view it, you're Brazilian in Brazil, and the US might be inclined to view you as the same, but party to American regulations. Best option now is to consult a legal practitioner for clarity. We're all guessing here.
March 26, 2018, 10:52:15 AM
You don't have to worry. In order to participate in the ICO, you must provide documents. Nobody cares how many passports you have. You will be registered as a citizen of the country whose passport you have provided. There will be no complaints against you. But when you withdraw your income the Bank can block the transfer. Check the whole chain.
March 26, 2018, 07:49:56 AM
Reach out to the platforms you are interested in investing in. From what I could find you likely will have to report the investment in the ICO on your US taxes which could mean you are not eligible to participate. However every country has different laws when it comes to dual citizenship with the US. Your best bet is to contact a financial advisor or lawyer in regards to this particular question as I dont think any of us are experts here. The below quote is what I found when I looked around.
I WASN’T BORN IN THE US, NOR HAVE I EVER LIVED, WORKED OR VISITED THE US. DOES THAT MEAN I STILL HAVE TO FILE TAXES?
"Yes you do if you’re considered American. You have to file taxes, based purely on your American citizenship. Whether filing will result in you paying actual taxes in the US depends on personal circumstances, and double taxation treaties made with the country in which you live and or work"
That question and answer came from https://americansoverseas.org/en/ while they specialize in Americans living overseas they may be able to assist you as well. They provide free information and consultation for questions. Might be worth sending them a message or phone call to see if they can point you in the right direction.
I WASN’T BORN IN THE US, NOR HAVE I EVER LIVED, WORKED OR VISITED THE US. DOES THAT MEAN I STILL HAVE TO FILE TAXES?
"Yes you do if you’re considered American. You have to file taxes, based purely on your American citizenship. Whether filing will result in you paying actual taxes in the US depends on personal circumstances, and double taxation treaties made with the country in which you live and or work"
That question and answer came from https://americansoverseas.org/en/ while they specialize in Americans living overseas they may be able to assist you as well. They provide free information and consultation for questions. Might be worth sending them a message or phone call to see if they can point you in the right direction.
March 26, 2018, 04:44:51 AM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
It depends on what your tax country is. Since you are spending 9 months in USA per year and 3 months in Brazil, your tax country is USA unless there is a dual tax arrangement. So if your tax country is USA, then you are not allowed to participate in most of the ICOs.
March 25, 2018, 06:30:27 PM
Im not sure about this, ask the ICO team hosting it, but you must also check for any existing laws in both jurisdictions.
If I had to guess I think the relevant citizenship will be the fiscal one (namely, the one in which you are paying taxes at, and if you are paying in both countries, the one where you have the highest taxes paid, higher real estate networth... etc). But again I dont know how that works specifically.
If I had to guess I think the relevant citizenship will be the fiscal one (namely, the one in which you are paying taxes at, and if you are paying in both countries, the one where you have the highest taxes paid, higher real estate networth... etc). But again I dont know how that works specifically.
March 25, 2018, 03:58:14 PM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
Message out the particular team towards your situation on what would be the status since you are already residing on America.Are you already a verified american citizen to be considered on having a double citizenship? If not then you can use up your brazilian info since as being stated you are still 3 months on america. Contacting the dev/team about this KYC problem or issue is the best thing to be done. March 25, 2018, 03:28:56 PM
These days ICOs are very restricted often excluding residents and citizens of certain countries. In America unless you are an accredited Investor there are many Icos that do not allow participation on both Airdrops as well as sale of tokens. What happens if you hold double citizenship? I do happen to have a Brazilian citizenship but I do reside in America spending 3 months out of the year in Brazil. In this case would it be ok to register to few ICOs using my Brazilian Info? There are few project at the moment that I am interested in, was sad I was not able to join in then this idea suddenly sparked. Figured I would ask the forum for some advice before taking a step further. any advice is truly appreciated.
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