Eternity Law International — News — Jurisdictions for ICO

Jurisdictions for ICO

Published:
April 24, 2020

The best jurisdictions for ICO are Malta, Switzerland and Singapore.

To attract investment and venture capital investments today, one of the most profitable and effective methods is ICO.

For anyone who plans to implement this technology for their business or organization, they must have complete information regarding jurisdiction and other aspects for the successful implementation of ICOs.

MALTA’S ADVANTAGES AS BETTER JURISDICTION FOR IMPLEMENTATION OF ICO / STO

The main advantages of why Malta is an ideal country for the initial offer of coins include:

  1. A small island state in the Mediterranean is considered the first jurisdiction in the world to legally resolve the issue of ICOs, cryptocurrencies and tokens.
  2. Malta enjoys an excellent worldwide reputation in the fields of politics and law.
  3. This jurisdiction is also distinguished by the presence of ideal legal and professional technical specialists with high linguistic potential for the full implementation of ICO / STO.
  4. The republic is famous for being a guarantee of security for cryptocurrency and has clear clauses of requirements in relation to the initial offer of coins.

The legal settlement of the issue of electronic currency is considered an additional protective element for the safety of investors and the founders of companies themselves.

SWITZERLAND – ONE OF ICO LOCATIONS: WARRANTIES AND PROMISES

In recent decades, the European country of Switzerland has earned the well-deserved title of a global guarantor of stable growth and the security of economic relations.

All innovations in the process of conducting an ICO in the country, as well as blockchain and cryptocurrencies, are under the supervision of the Swiss financial regulator.

By showing a condescending attitude to electronic currency, this country trusts your business, since all the profit that the company receives is legally.

WHAT DOES SINGAPORE PROMISE AS JURISDICTION FOR THESE OPERATIONS?

Since November 2019, the updated rules for regulating and implementing the ICO and cryptocurrencies came into force, which almost immediately put Singapore in one of the leading places in the world in this field.

This jurisdiction in recent years has become a reliable and powerful investment and financial center in which the financial technologies of world organizations are concentrated.

It is in Singapore that you can now find the largest number of investors in the world.

By creating a system for regulating and conducting the initial offer of coins, the Singapore authorities allocated a special place for AML procedures, as well as for protecting the intellectual rights of the founder and investor.

At the same time, a low percentage (17%) of tax for corporations, the absence of charges and taxes on the growth of cash capital are simplifying factors affecting the implementation of ICOs.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

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