So far the only country that has declared Bitcoin as legal (as if) is Finland.
I'd love to know more about this. Was there something official announced by Finnish government?
Topic: Most Bitcoin friendly country for founding a company (Read 5508 times)
I'd love to know more about this. Was there something official announced by Finnish government?
While no Bitcoin corporation exists, there are companies who provide products and services and thus have an interest in promoting Bitcoin and seeing its use grow. Featured in the video was a sponsor, BitPay, eCommerce and payments service which just added its 1,000th merchant partner. Another sponsor that had a big part in Bitcoin’s presence at the event shown in the newscast is Bittiraha.fi, (@bittirahafi) a Finnish online Bitcoin community.
After seeing how well the US treats online businesses I am thinking that establishing my business in the US is not the best way forward.
Are there decent web hosting companies based in Hong Kong that take Bitcoin? And what are the hurdles of starting a business there? Are there residency requirements?
Or why use any country, what if I just had a server in a different country every month? A nomadic server with no permanent home. The only permanent thing would be the domain name.
You'll need to physically move to the place where you want to establish your business, it doesn't matter where the server is (the only exception is if you own a US server, accept US customers or similar, then you can be extradited to the US for breaking US law (in reality, it doesn't really matter what you do, the US can still request you handed over, but at least you're safer with no connections to the US and can argue that in extradition court)).Are there decent web hosting companies based in Hong Kong that take Bitcoin? And what are the hurdles of starting a business there? Are there residency requirements?
Or why use any country, what if I just had a server in a different country every month? A nomadic server with no permanent home. The only permanent thing would be the domain name.
I'd recommend the agorist principle, if you can. That is, don't start a company and don't disclose your location, host your sites from any country (except the US).
now we business that does mining and trading deals, but in partnership with people all over the world including america. we don't want to register in our own country but we like living there, have families etc. I just read about agorist (thanks for referencing that I haven't seen it before definitely will be reading more).
i think the defining factor will be setting up trust and verify relationship outside of the traditional corporate structure, and how they would work.
It might be a finding a balance of traditional relationships and nontraditional.(I am keen on the nontraditional as alternative currency, barter and direct action)
After seeing how well the US treats online businesses I am thinking that establishing my business in the US is not the best way forward.
Are there decent web hosting companies based in Hong Kong that take Bitcoin? And what are the hurdles of starting a business there? Are there residency requirements?
Or why use any country, what if I just had a server in a different country every month? A nomadic server with no permanent home. The only permanent thing would be the domain name.
You'll need to physically move to the place where you want to establish your business, it doesn't matter where the server is (the only exception is if you own a US server, accept US customers or similar, then you can be extradited to the US for breaking US law (in reality, it doesn't really matter what you do, the US can still request you handed over, but at least you're safer with no connections to the US and can argue that in extradition court)).Are there decent web hosting companies based in Hong Kong that take Bitcoin? And what are the hurdles of starting a business there? Are there residency requirements?
Or why use any country, what if I just had a server in a different country every month? A nomadic server with no permanent home. The only permanent thing would be the domain name.
I'd recommend the agorist principle, if you can. That is, don't start a company and don't disclose your location, host your sites from any country (except the US).
After seeing how well the US treats online businesses I am thinking that establishing my business in the US is not the best way forward.
Are there decent web hosting companies based in Hong Kong that take Bitcoin? And what are the hurdles of starting a business there? Are there residency requirements?
Or why use any country, what if I just had a server in a different country every month? A nomadic server with no permanent home. The only permanent thing would be the domain name.
Are there decent web hosting companies based in Hong Kong that take Bitcoin? And what are the hurdles of starting a business there? Are there residency requirements?
Or why use any country, what if I just had a server in a different country every month? A nomadic server with no permanent home. The only permanent thing would be the domain name.
You may try Hong Kong. As There is at least one company known as 796.com, Has Applied MSO (FinCEN term is MSB), in Hong Kong, It is approved as 796.com has money, record is clean to follow up.
Although these people don't provide exchange service for the time being, they do what should do even they don't provide exchange service.
It is possible to follow up as Once The money has AML report, nothing can be blocked as The competition in Hong Kong is greater than others.
https://bitcointalksearch.org/topic/796-257685, accessed on 17 August 2013
If unsure, You may check Local Government to follow up as some service like Weibo is not anonymous
Although these people don't provide exchange service for the time being, they do what should do even they don't provide exchange service.
It is possible to follow up as Once The money has AML report, nothing can be blocked as The competition in Hong Kong is greater than others.
https://bitcointalksearch.org/topic/796-257685, accessed on 17 August 2013
If unsure, You may check Local Government to follow up as some service like Weibo is not anonymous
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None. There was a good arbitrage opportunity before, but now with not getting money out of Gox it's meaningless.
That's unfortunate to hear el_rlee,
FYI - We process all deposit and withdrawal requests on a weekday-daily basis.
ANX.HK
What country did you decide on for your Bitcoin-based company?
None. There was a good arbitrage opportunity before, but now with not getting money out of Gox it's meaningless.
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Hi all,
which country is most suited to found a Bitcoin based company out there? Looking for:
Easy and cheap incorporation of a limited liability company
Low tax
Easy AML and KYC law
Isle of Man? Panama? Macao? Hong Kong?
which country is most suited to found a Bitcoin based company out there? Looking for:
Easy and cheap incorporation of a limited liability company
Low tax
Easy AML and KYC law
Isle of Man? Panama? Macao? Hong Kong?
Hi el_rlee,
What country did you decide on for your Bitcoin-based company? For ourselves, after much consideration we decided Hong Kong to legally register our company and reside in as both our physical presence and physical location of our associated infrastructure. We actively work with and cooperate with local regulators to ensure that Bitcoin is embraced as most other innovative and entrepreneurial entries are in Hong Kong, and to ensure that we remain without fear of being subpoenaed by unwritten rules.
It would be great to hear what your decision was and the reasons behind it, and even better if it was Hong Kong!
Cheers
ANX.HK
Somalia
The Principality of Sealand is an unrecognized entity, which means imho that the British Navy can come any time and claim back this territory... Also there is no embassy of the republic of sealand where you could hide in...
On-line casinos have chosen Gibraltar or is it Malta(?).
Iceland has an MP that spoke at bitcoin conference.
Panama has interesting privacy, incorporation, etc laws.
New Zealand, Singapore and Hong Kong (and others) have laws making it easy to set-up a company.
Finland had declared bitcoin legal (only in passing I might note).
Basically it is a whole cornucopia ... I've even noticed some operations are basing the machines that store identifying customer data in places that have hard private data laws, and the servers that do transacting, processing (whatever service the business it is actually performing) in other jurisdictions that just refer to the customers as non-identifiable numbers.
Iceland has an MP that spoke at bitcoin conference.
Panama has interesting privacy, incorporation, etc laws.
New Zealand, Singapore and Hong Kong (and others) have laws making it easy to set-up a company.
Finland had declared bitcoin legal (only in passing I might note).
Basically it is a whole cornucopia ... I've even noticed some operations are basing the machines that store identifying customer data in places that have hard private data laws, and the servers that do transacting, processing (whatever service the business it is actually performing) in other jurisdictions that just refer to the customers as non-identifiable numbers.
It is both for online Casinos - Gibraltar & Malta, but I guess that has something to do with wanting to be in an European Country.
What's an MP?
Yes, there is a shitload of tax havens on this planet - I doubt that Finland and New Zealand are really easy to run a bitcoin company. Anybody watching how New Zealand treated the Megaupload case? Bitcoin being "legal" might not even be an advantage...
I think its more due to the fact that Megaupload servers were mostly US based.
In any case one of the best jurisdiction for online casinos is Costa Rica.
On-line casinos have chosen Gibraltar or is it Malta(?).
Iceland has an MP that spoke at bitcoin conference.
Panama has interesting privacy, incorporation, etc laws.
New Zealand, Singapore and Hong Kong (and others) have laws making it easy to set-up a company.
Finland had declared bitcoin legal (only in passing I might note).
Basically it is a whole cornucopia ... I've even noticed some operations are basing the machines that store identifying customer data in places that have hard private data laws, and the servers that do transacting, processing (whatever service the business it is actually performing) in other jurisdictions that just refer to the customers as non-identifiable numbers.
Iceland has an MP that spoke at bitcoin conference.
Panama has interesting privacy, incorporation, etc laws.
New Zealand, Singapore and Hong Kong (and others) have laws making it easy to set-up a company.
Finland had declared bitcoin legal (only in passing I might note).
Basically it is a whole cornucopia ... I've even noticed some operations are basing the machines that store identifying customer data in places that have hard private data laws, and the servers that do transacting, processing (whatever service the business it is actually performing) in other jurisdictions that just refer to the customers as non-identifiable numbers.
It is both for online Casinos - Gibraltar & Malta, but I guess that has something to do with wanting to be in an European Country.
What's an MP?
Yes, there is a shitload of tax havens on this planet - I doubt that Finland and New Zealand are really easy to run a bitcoin company. Anybody watching how New Zealand treated the Megaupload case? Bitcoin being "legal" might not even be an advantage...
Hi all,
which country is most suited to found a Bitcoin based company out there? Looking for:
Isle of Man? Panama? Macao? Hong Kong?
which country is most suited to found a Bitcoin based company out there? Looking for:
- Easy and cheap incorporation of a limited liability company
- Low tax
- Easy AML and KYC law
Isle of Man? Panama? Macao? Hong Kong?
When we colonize the moon and become like the people in The Moon is a Harsh Mistress.
On-line casinos have chosen Gibraltar or is it Malta(?).
Iceland has an MP that spoke at bitcoin conference.
Panama has interesting privacy, incorporation, etc laws.
New Zealand, Singapore and Hong Kong (and others) have laws making it easy to set-up a company.
Finland had declared bitcoin legal (only in passing I might note).
Basically it is a whole cornucopia ... I've even noticed some operations are basing the machines that store identifying customer data in places that have hard private data laws, and the servers that do transacting, processing (whatever service the business it is actually performing) in other jurisdictions that just refer to the customers as non-identifiable numbers.
Iceland has an MP that spoke at bitcoin conference.
Panama has interesting privacy, incorporation, etc laws.
New Zealand, Singapore and Hong Kong (and others) have laws making it easy to set-up a company.
Finland had declared bitcoin legal (only in passing I might note).
Basically it is a whole cornucopia ... I've even noticed some operations are basing the machines that store identifying customer data in places that have hard private data laws, and the servers that do transacting, processing (whatever service the business it is actually performing) in other jurisdictions that just refer to the customers as non-identifiable numbers.
I'd look to online poker rooms for inspiration. I think Malta might be a good country, the Caribbean Islands or Chile perhaps?
For legal aspects maybe Finland is a good choice.
"the secretary of the Central Bank of Finland publicizing that bitcoin is legal to use in Finland"
https://bitcointalksearch.org/topic/2012-09-11-pymntscom-bitpay-exceeds-1000-merchants-accepting-bitcoin-108845
"the secretary of the Central Bank of Finland publicizing that bitcoin is legal to use in Finland"
https://bitcointalksearch.org/topic/2012-09-11-pymntscom-bitpay-exceeds-1000-merchants-accepting-bitcoin-108845
There was an e-gold type of place once upon a time that was anyonymous too. Ran for years I think it was before eventually running with the gold.
-MarkM-
-MarkM-
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