Flag Theory Weekly Letter - Flag Theory https://flagtheory.com/topic/weekly-letter/ Passports, Residency, Incorporation, Offshore Banking Wed, 17 Apr 2024 11:56:38 +0000 en-US hourly 1 https://flagtheory.com/wp-content/uploads/2018/07/cropped-favicon-32x32.png Flag Theory Weekly Letter - Flag Theory https://flagtheory.com/topic/weekly-letter/ 32 32 Where to incorporate a DAO (2024) https://flagtheory.com/where-to-incorporate-a-dao/ Mon, 26 Feb 2024 07:23:47 +0000 https://flagtheory.com/?p=193920 Where to incorporate a DAO An overview of a number of factors to consider when evaluating and determining the structure and legal domicile of a DAO, as well as its relevant regulatory, structuring and tax matters. The emergence of Decentralized Autonomous Organizations (DAOs) has introduced a complex legal landscape, demanding consideration of new governance models

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Where to set up a private equity fund https://flagtheory.com/private-equity-fund/ Sun, 05 Sep 2021 06:10:24 +0000 https://flagtheory.com/?p=189405 Where to set up a private equity fund An overview of a number of factors to consider when evaluating and determining the legal domicile of a private equity fund, as well as regulatory, structuring and tax matters related to private equity funds across various International Financial Centers Private equity funds are collective investment vehicles investing

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Where to set up a cryptocurrency business (2020) https://flagtheory.com/cryptocurrency-business-regulations/ Thu, 03 Sep 2020 11:51:43 +0000 https://flagtheory.com/?p=187378 Where to set up a cryptocurrency business (2020) An overview of the latest legal and regulatory developments for cryptocurrency businesses across various International Financial Centers During recent years, a large part of the cryptocurrency industry have been operating in an unregulated manner. Most of the largest cryptocurrency exchanges, dealers and other crypto operators, as well as

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The present and the future of Territorial Tax countries https://flagtheory.com/territorial-tax-countries/ Mon, 17 Feb 2020 07:41:23 +0000 https://flagtheory.com/?p=186334 The Present and the Future of Territorial Tax Countries How is the source of income determined from a tax perspective?  We often find a number of clients that interpret that income is sourced where the monies for goods and services are paid i.e. the location of the clients. Following this approach, a company that is

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What to consider when structuring an E-commerce Business https://flagtheory.com/e-commerce-structuring/ Thu, 15 Aug 2019 06:30:32 +0000 https://flagtheory.com/?p=19906 What to consider when structuring an E-commerce Business E-Tail, E-commerce, or online sales businesses are a common business activity we deal with when consulting for a new corporate structure at Flag Theory. There is a myriad of factors to look at when structuring an e-commerce company such as the place where the goods are manufactured,

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Structuring and Taxes for Companies Doing Business in the EU https://flagtheory.com/structuring-taxes-doing-business-eu/ Tue, 11 Jun 2019 05:26:01 +0000 https://flagtheory.com/?p=19666 Structuring and Taxes for Companies Doing Business in the EU The European Union is one of the world’s largest trade blocs, accounting for approximately 15% of world trade. Its domestic common market, with free movement of goods, capital, services, and labor, is also one of the largest worldwide – with more than 500 million consumers,

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Initial Exchange Offerings (IEO) for Token Issuers and Crypto Exchanges https://flagtheory.com/initial-exchange-offering-ieo/ Mon, 27 May 2019 23:15:51 +0000 https://flagtheory.com/?p=19611 What Token Issuers and Exchanges should consider when undertaking an Initial Exchange Offering (IEO) Initial Exchange Offerings (IEO) have become a popular means of raising funds for blockchain startups, replacing ICOs, which have seen a dramatic drop in traction. An IEO mainly consists of an ICO held via an existing cryptocurrency exchange, which administers the

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Where to set up an Intellectual Property Holding Company https://flagtheory.com/ip-intellectual-property-holding/ Mon, 20 May 2019 09:16:00 +0000 https://flagtheory.com/?p=19588 Where to set up an Intellectual Property Holding Company Utilizing an intellectual property holding company is one of the most common legal tax avoidance strategies out there. However recent measures by the OECD and EU have dramatically changed this landscape. We’ve stayed on top of these changes to empower you to explore and evaluate where

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How to protect and structure an Intellectual Property Business https://flagtheory.com/ip-intellectual-property-business/ Thu, 02 May 2019 01:30:57 +0000 https://flagtheory.com/?p=19495 How to protect and structure an Intellectual Property Business A few weeks ago, we talked about certain key aspects to consider when structuring a holding company, as well as reviewed a number of jurisdictions that may be interesting for holding company purposes. If you haven’t had the chance to read them, you can do it

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How to set up a regulated Crypto CFD Brokerage https://flagtheory.com/bitcoin-crypto-cfd-broker/ Tue, 16 Apr 2019 02:29:36 +0000 https://flagtheory.com/?p=19405 What you should consider when setting up a regulated Crypto CFD Brokerage Contracts for Differences (CFDs) are cash-settled OTC derivative contracts which consist of agreements between a given trader and the broker which give the right to the trader to receive the difference between the current value of a given asset and its value in

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What you should consider when setting up an Investment Fund https://flagtheory.com/investment-fund/ Mon, 25 Mar 2019 07:29:32 +0000 https://flagtheory.com/?p=19223 What you should consider when setting up an Investment Fund When it comes to setting up an investment fund there are a number of factors to consider that have a direct impact on the most suitable jurisdiction and structure model to pursue. These include not only fund regulatory aspects but also tax, business operations, cost,

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Where to set up a Holding Company https://flagtheory.com/where-to-set-up-a-holding-company/ Mon, 11 Mar 2019 05:58:17 +0000 https://flagtheory.com/?p=19133 Where to set up a Holding Company In the previous letter, we were discussing some of the major benefits of using a holding company and how it can be used for asset protection, risk management, tax planning, and operational efficiency purposes. We also reviewed certain key aspects that one should consider when structuring a holding

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What you should consider when setting up a Holding Company https://flagtheory.com/holding-company/ Mon, 04 Mar 2019 06:14:53 +0000 https://flagtheory.com/?p=19078 What you should consider when setting up a Holding Company Forming a holding company – an entity that holds and manages equity participations in subsidiaries or investments – may bring a number of benefits, but also has certain caveats and considerations that one should take into account. In this article, we have reviewed potential benefits

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International Tax Landscape shake-up for Multinational Businesses https://flagtheory.com/international-tax-landscape-beps/ Thu, 21 Feb 2019 02:58:27 +0000 https://flagtheory.com/?p=18914 International Tax Landscape shake-up for Multinational Businesses During the last weeks, we have been writing and reviewing significant amendments to corporate laws and tax laws in offshore jurisdictions to satisfy their commitments made pursuant to the OECD’s Base Erosion and Profit Shifting (BEPS) Inclusive Framework and the European Union Code of Conduct Group (EUCoCG) agenda.

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More Corporate and Tax Legislation Changes of Offshore Companies https://flagtheory.com/corporate-tax-laws-offshore-companies/ Mon, 18 Feb 2019 23:53:04 +0000 https://flagtheory.com/?p=18862 More Corporate and Tax Legislation Changes of Offshore Companies In the previous letter, we alerted you about the massive legislative changes occurring across all offshore jurisdictions to comply with the OECD’s Base Erosion and Profit Shifting (BEPS) Inclusive Framework and the European Union Code of Conduct Group (EUCoCG) agenda. These changes mainly affected international business

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Massive Changes to Offshore Tax Regimes and Economic Substance Requirements https://flagtheory.com/legislation-changes-offshore-tax-regimes-economic-substance/ Wed, 06 Feb 2019 11:03:14 +0000 https://flagtheory.com/?p=18611 Massive legislation changes affecting Offshore Tax Regimes and Economic Substance Requirements Massive change has swept the offshore industry lately, largely as a result of pressure from the EU and the OECD. As a result of the pressure, many countries have overhauled their tax and company regimes in accordance with perceived EU acceptance. Why the reason

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Why Turkey may be one of the most appealing Citizenship by Investment programs https://flagtheory.com/turkey-citizenship-investment-passport/ Fri, 25 Jan 2019 05:26:42 +0000 https://flagtheory.com/?p=18100 Why Turkey may be one of the most appealing Citizenship by Investment programs Flag Theory Weekly Letter – Friday January 25th, 2019 Walking down the streets of Istanbul, you really get the feeling that this is a place where the economy is roaring, despite it having hit some blips over the last few years. People

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What the Singapore Payment Services Act means for Fintech and Crypto Businesses https://flagtheory.com/singapore-payment-services-act-crypto-fintech/ Mon, 21 Jan 2019 08:46:59 +0000 https://flagtheory.com/?p=17916 What the Singapore Payment Services Act means for Fintech and Crypto Businesses Flag Theory Weekly Letter – Monday January 21st, 2019 Singapore is one of the most important financial centers worldwide and the Asian hub for the Fintech Industry. Businesses innovating in the financial services industry are setting up there due to a number of

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Where to set up a Securities Token Exchange https://flagtheory.com/securities-token-exchange/ Fri, 11 Jan 2019 07:40:04 +0000 https://flagtheory.com/?p=17865 What is the best country to set up a Securities Token Exchange? Flag Theory Weekly Letter – Friday, January 11th, 2019 A few weeks ago we were discussing in this article why the crypto fundraising trend is turning from utility to securities tokens and why a tokenized securities market might be the key factor for

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Where to set up an International Business – Part 4: Europe https://flagtheory.com/multinational-business-europe/ Tue, 04 Dec 2018 22:11:19 +0000 https://flagtheory.com/?p=17398 Where to set up a Multinational Business – Part 4: Europe Flag Theory Weekly Letter – Wednesday December 5th, 2018 During the last weeks, we’ve been discussing structuring options for cross-border businesses. First we reviewed some of the key aspects to consider when incorporating offshore or onshore and how one could leverage the best of

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Where to set up an International Business – Part 3: The Americas https://flagtheory.com/set-up-global-business-americas/ Tue, 27 Nov 2018 00:48:19 +0000 https://flagtheory.com/?p=17354 Where to set up a Global Business – Part 3: The Americas Flag Theory Weekly Letter – Tuesday, November 27th, 2018 In the first chapter of “Where to set up your international business”, we highlighted some of the advantages and disadvantages encountered when incorporating your global business offshore vs onshore, and how a well-designed group

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Where to set up an International Business – Part 2: Asia https://flagtheory.com/set-up-international-business-asia/ Fri, 23 Nov 2018 09:32:57 +0000 https://flagtheory.com/?p=17320 Where to set up an international business – Part 2: Asia Flag Theory Weekly Letter – Friday, November 23rd, 2018 In the previous article, we discussed how international businesses can take advantage of structuring opportunities available across the globe. We also reviewed some key facts, pros, cons and caveats one must consider when structuring your

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Where to set up an International Business – Part 1: Offshore vs Onshore https://flagtheory.com/set-up-international-business-offshore-onshore/ Fri, 16 Nov 2018 09:23:17 +0000 https://flagtheory.com/?p=17281 Where to incorporate an International Business – Part 1: Offshore vs Onshore Flag Theory Weekly Letter – Friday November 16th, 2018 One of the main advantages of international businesses over local ‘brick and mortar’ businesses, especially for digital businesses, is that you may have the ability to pick the best strategic jurisdiction(s) from which to run

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Where to market a Tokenized Fund Offering https://flagtheory.com/where-to-market-a-tokenized-fund-offering/ Mon, 05 Nov 2018 09:10:46 +0000 https://flagtheory.com/?p=17238 Where to market a Tokenized Fund Offering Flag Theory Weekly Letter – Monday November 5th, 2018 In previous letters we talked about some of the most important factors when it comes to setting up a security token offering and we then discussed one type of STO – a tokenized fund. This is a fund that

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Where to set up a Tokenized Fund https://flagtheory.com/tokenized-fund/ Thu, 18 Oct 2018 23:22:17 +0000 https://flagtheory.com/?p=17119 Where to set up a Tokenized Fund Flag Theory Weekly Letter – Friday, October 19th, 2018 In a previous letter, we discussed why the crypto fundraising trend is turning from utility to security tokens and what one should consider when doing a security token offering. Within the broad category of security token offerings (STOs), is

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What you should consider when doing a Security Token Offering (STO) https://flagtheory.com/launch-a-security-token-offering-sto/ Fri, 05 Oct 2018 08:06:22 +0000 https://flagtheory.com/?p=16308   What you should consider when doing a Security Token Offering (STO) The crypto fundraising trend is turning from utility to security tokens. Launch a Security Token Offering – Why? Currently, ‘utility’ tokens may be considered securities. This depends on the jurisdiction and its intrinsic characteristics and associated rights. A ‘true’ utility token represents future

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Labuan – The Best ‘Unknown’ Place to Set Up a Crypto Startup https://flagtheory.com/set-up-a-crypto-startup-labuan/ Fri, 21 Sep 2018 06:52:37 +0000 https://flagtheory.com/?p=15584 Labuan – The best ‘unknown’ place to set up a crypto startup [UPDATE – January 2019 –  On January 15th 2019, Malaysian’s Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 came into force – regulating cryptocurrencies as securities. Further clarifications from the Malaysian’s Securities Commission (SC) informed that a crypto-asset

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Post-ICO Company Structuring, Banking, Asset Protection and Team Tokens Distribution https://flagtheory.com/post-ico-company-structuring-banking/ Fri, 14 Sep 2018 06:25:13 +0000 https://flagtheory.com/?p=15464 Flag Theory Weekly Letter – Friday, September 14th, 2018 Post-ICO Company Structuring, Banking, Asset Protection, and Team Tokens Distribution When performing an ICO, the main focus of the team is marketing and business development. These efforts are the cornerstone of a successful ICO, no doubt, but sometimes other key aspects are left out. Many ICO

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Where to set up a Crypto Exchange – Part 4: The Americas https://flagtheory.com/set-up-exchange-america/ Fri, 07 Sep 2018 07:40:58 +0000 https://flagtheory.com/?p=15107 Where to set up a Crypto Exchange – Part 4: Setting up an Exchange in the Americas Flag Theory Weekly Letter – Friday, September 7th, 2018 After discussing the fundamental aspects when choosing the jurisdiction to establish your crypto trading platform, and taking a look at some jurisdictions in Asia-Pacific and Europe, we conclude with the

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Where to set up a Crypto Exchange – Part 3: Europe https://flagtheory.com/set-up-coin-exchange-europe/ Fri, 31 Aug 2018 07:23:33 +0000 https://flagtheory.com/?p=14256 Where to set up a Crypto Exchange – Part 3: Start a Coin Exchange in Europe Flag Theory Weekly Letter – Friday August 31st, 2018 We’ve already reviewed some of the key factors that you must consider when choosing the right jurisdiction to establish your crypto trading platform and we talked about some of the

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Where to set up a Crypto Exchange – Part 2: Asia-Pacific https://flagtheory.com/start-crypto-exchange-asia/ Wed, 22 Aug 2018 09:06:59 +0000 https://flagtheory.com/?p=14116 Where to set up a Crypto Exchange – Part 2: Start an Exchange in Asia-Pacific Flag Theory Weekly Letter – Wednesday, August 22nd, 2018 In the first chapter of “Where to set up a cryptocurrency exchange”, we talked about some of the most important factors to consider when analyzing, comparing and finally choosing the most

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Where to set up a Crypto Exchange – Part 1: The Fundamentals https://flagtheory.com/set-up-cryptocurrency-exchange/ Wed, 15 Aug 2018 05:18:07 +0000 https://flagtheory.com/?p=13978 Where to set up a Cryptocurrency Exchange – Part 1: The Fundamentals Flag Theory Weekly Letter – Wednesday, August 15th, 2018 What is the best jurisdiction to incorporate my cryptocurrency exchange? This has been one of the most common questions we have received from entrepreneurs and companies that are planning to launch an exchange and

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What you should consider when setting up an Offshore Crypto Fund https://flagtheory.com/offshore-crypto-fund/ Fri, 03 Aug 2018 08:56:07 +0000 https://flagtheory.com/?p=13549 What you should consider when setting up an Offshore Crypto Fund Flag Theory Weekly Letter – Friday, August 3rd, 2018 Despite daily ups and downs, Crypto is here to stay as a new asset class and its adoption is growing at a rapid pace. Although there are some issues to continue to make cryptocurrencies more

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Why set up an Exchange in Estonia (or why not) https://flagtheory.com/exchange-in-estonia-ico/ Thu, 26 Jul 2018 21:28:20 +0000 https://flagtheory.com/?p=13396 Why set up a Crypto Exchange in Estonia (or Why not) Flag Theory Weekly Letter – Friday, July 27th, 2018 Estonia is, perhaps, the most technologically advanced country in the world when it comes to government. During the last years the legislative body, voting, education, justice, healthcare, banking, taxes, and policing areas have been digitized

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What you need to know to launch a Regulated ICO in Bermuda https://flagtheory.com/regulated-ico-bermuda/ Thu, 19 Jul 2018 09:54:43 +0000 https://flagtheory.com/?p=13241 What you need to know to launch a Regulated ICO in Bermuda Flag Theory Weekly Letter – Thursday, July 19th, 2018 The crypto regulations wave has begun and for the next two years, we expect to see more and more jurisdictions establishing legal frameworks and restrictions. Although currently ICO’s and cryptos are an unregulated field

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Get a Second Passport with Bitcoin and cryptocurrencies https://flagtheory.com/bulgaria-passport-bitcoin-cryptocurrencies/ Thu, 12 Jul 2018 11:00:27 +0000 https://flagtheory.com/?p=12895 The most compelling Passport Program… which you can get with Bitcoin and other cryptocurrencies Flag Theory Weekly Letter – Thursday, July 5th, 2018 During these last 6 years, we have talked continuously about how powerful is to get the Second Passport. Depending on where you were born your opportunities, business restrictions and individual freedoms may

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What Malta Crypto regulations mean for ICOs and Exchanges https://flagtheory.com/malta-crypto-regulations-ico-exchanges/ Thu, 05 Jul 2018 11:13:27 +0000 https://flagtheory.com/?p=12771 What Malta Crypto regulations mean for ICOs and Exchanges Flag Theory Weekly Letter – Thursday, July 5th, 2018 The blockchain and cryptofinance wave is here to stay. Its massive adoption is inevitable and with it will come greater regulation and government oversight. Certain jurisdictions are taking a restrictive approach, trying to stop a technology that

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What successful ICOs get wrong, and end up suffering the consequences https://flagtheory.com/successful-icos-issues/ Thu, 28 Jun 2018 12:58:28 +0000 https://flagtheory.com/?p=12640 What successful ICOs get wrong, and end up suffering the consequences Flag Theory Weekly Letter – Thursday, June 28th, 2018 During these last weeks we have talked at length about how to structure an ICO and what you must consider from a legal standpoint to ensure the greatest protection, liability minimization, tax optimization and a

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Why you should consider setting up your regulated crypto exchange in Gibraltar https://flagtheory.com/dlt-license-crypto-exchange-gibraltar/ Thu, 21 Jun 2018 11:49:17 +0000 https://flagtheory.com/?p=12571 Why you should consider setting up your regulated crypto exchange in Gibraltar Flag Theory Weekly Letter – Thursday, June 21st, 2018 About 20 years ago, Gibraltar, a tiny overseas British territory located on the Spanish southern coast with a population of fewer than 35,000 inhabitants, began to establish the foundations of what would be one

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How to set up an ICO – Part 6: Ongoing Business, Bank Accounts & Conclusions https://flagtheory.com/ico-bank-accounts-ongoing-business/ Fri, 15 Jun 2018 10:52:34 +0000 https://flagtheory.com/?p=12476 How to set up an ICO – Part 6: Ongoing Business, Bank Accounts & Conclusions Flag Theory Weekly Letter – Friday, June 15th, 2018 After 5 articles reviewing the whole process of how to structure an ICO today we get to the final chapter: how to structure the ongoing operations post-ICO, open bank accounts and

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How to set up an ICO – Part 5: The Proceeds, ICO Tax & Structuring https://flagtheory.com/initial-coin-offering-ico-tax-optimization/ Tue, 12 Jun 2018 11:12:06 +0000 https://flagtheory.com/?p=12422 How to set up an ICO – Part 5: The Proceeds, ICO Tax & Structuring Flag Theory Weekly Letter – Tuesday, June 12th, 2018 We have already talked about the fundamentals to launch an ICO, its corporate structure, the issuing entity, and key aspects to take into account when carrying out the sale. In this

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How to set up an ICO – Part 4: The Token Sale (KYC, Terms & Conditions and Marketing) https://flagtheory.com/token-sale-kyc-aml-terms-marketing/ Fri, 08 Jun 2018 11:38:17 +0000 https://flagtheory.com/?p=12379 How to set up an ICO – Part 4: The Token Sale (KYC, Terms & Conditions and Marketing) Flag Theory Weekly Letter – Friday, June 8th, 2018 During these last weeks, we have been reviewing the process of how to set up an ICO, the fundamental aspects, and the corporate structure. Then we reviewed in more detail

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How to set up an ICO – Part 3: The ICO Issuer https://flagtheory.com/incorporate-ico-token-issuer/ Tue, 05 Jun 2018 11:36:13 +0000 https://flagtheory.com/?p=12358 How to set up an ICO – Part 3: The Token Issuer Flag Theory Weekly Letter – Tuesday, June 5th, 2018 In previous chapters of How to set up an ICO we talked about the fundamentals and key aspects to take into account when launching an ICO and how necessary it is to establish the

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How to set up an ICO – Part 2: The Corporate Structure https://flagtheory.com/ico-corporate-structure/ Fri, 01 Jun 2018 11:59:07 +0000 https://flagtheory.com/?p=12277 How to set up an ICO – Part 2: The Corporate Structure Flag Theory Weekly Letter – Friday, June 1st, 2018 In the first chapter of How to set up an ICO, we discussed the fundamental aspects to consider before deciding to launch an ICO. If you missed it, you can read it here. Today

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How to set up an ICO – Part 1: The Fundamentals https://flagtheory.com/set-up-an-ico-fundamentals/ Wed, 30 May 2018 00:39:46 +0000 https://flagtheory.com/?p=12180 How to set up an ICO – Part 1: The Fundamentals Flag Theory Weekly Letter – Tuesday, May 29th, 2018 At this point, ICOs do not need many presentations. A new model of crypto financing exploded in 2017 with more than 400 successful ICOs raising collectively more than $5.6 billion, this figure has already been

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Puerto Rico: The most compelling tax residency option for American Entrepreneurs and Investors https://flagtheory.com/puerto-rico-tax-residency/ Wed, 23 May 2018 06:58:38 +0000 https://flagtheory.com/?p=12031 The post Puerto Rico: The most compelling tax residency option for American Entrepreneurs and Investors appeared first on Flag Theory.

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Security Token vs Utility Token – First and most important rule of doing an ICO: Know Thyself https://flagtheory.com/ico-utility-security-token/ Thu, 17 May 2018 10:41:41 +0000 https://flagtheory.com/?p=11827 Utility or Security Token? First and most important rule of doing an ICO: Know Thyself Flag Theory Weekly Letter – Thursday, May 17th, 2018 ICOs are currently on the everyone’s minds. In 2017 they exceeded venture capital financing and became the number one method to finance blockchain startups. The trend is exponentially growing.  To date in

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Why many ICOs struggle to get banking… and some don’t get it https://flagtheory.com/banking-for-icos/ Thu, 10 May 2018 11:54:13 +0000 https://flagtheory.com/?p=11758 Why many ICO’s struggles to get banking… and some don’t get it Flag Theory Weekly Letter  – Thursday, May 10th, 2018 One of the main headaches for organizations that launch an ICO is to obtain a bank account. It is very complicated, if not impossible, for any organization to operate entirely in cryptocurrencies. You have to pay

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Market capitalization, Corporate debt and National debt at record highs. Is a financial collapse coming? https://flagtheory.com/financial-collapse/ Thu, 03 May 2018 05:41:06 +0000 https://flagtheory.com/?p=11709 The next financial collapse may be coming… Are you protected? Flag Theory Weekly Letter – Thursday, May 3rd, 2018 Last Friday I received a charming letter from my bank informing me that starting next month I would be charged -0.6% P.A. (a negative interest rate) on my EUR accounts. This means that I have to

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Where to start your cryptocurrency business https://flagtheory.com/where-to-start-your-cryptocurrency-business/ Fri, 27 Apr 2018 00:57:27 +0000 https://flagtheory.com/?p=11614 Where to start your Cryptocurrency Business Flag Theory Weekly Letter – Thursday, April 25th, 2018 The cryptocurrency and blockchain space will see increased regulation and government oversight as tokenizing assets is a trend that will not go away. All types of financial incumbents will begin to tokenize. There will also be simultaneous lobbying of governments

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