1. You don't have to be a citizen to incorporate in the US. Y Combinator requires everyone to incorporate in the US regardless of their home country. It doesn't seem like Blueseed will have a similar requirement, but they should probably advise their startups to do so for the sake of it much easier to get investments.
2. Once you have a US corporation, you can have a US bank account.
So while the issues you raise could be problems for some companies, it's actually fairly straightforward and cheap (there are costs to your agents in Delware and a few similar items).
The slides said "you choose where to incorporate" (slide 26).
I know its pretty easy to incorporate in the US, but AFAIK as soon as you do business with the US (rent servers from US company, have US-bank account) you are subject to the IRS (I don't know what rules apply). Why pay taxes and/or waste resources (tax consultants / lawyers) to a country that didn't want your business in the first place?
Because the primary point of Blueseed is to allow easy access to investments from Silicon Valley. Getting invested in without a convenient corporate and financial structure. I think the IRS is an acceptable tradeoff based on the vastly greater availability of investment in Silicon Valley vs anywhere else in the world.
Comments
1. You don't have to be a citizen to incorporate in the US. Y Combinator requires everyone to incorporate in the US regardless of their home country. It doesn't seem like Blueseed will have a similar requirement, but they should probably advise their startups to do so for the sake of it much easier to get investments.
2. Once you have a US corporation, you can have a US bank account.
So while the issues you raise could be problems for some companies, it's actually fairly straightforward and cheap (there are costs to your agents in Delware and a few similar items).
edited for style and coherence
The slides said "you choose where to incorporate" (slide 26).
I know its pretty easy to incorporate in the US, but AFAIK as soon as you do business with the US (rent servers from US company, have US-bank account) you are subject to the IRS (I don't know what rules apply). Why pay taxes and/or waste resources (tax consultants / lawyers) to a country that didn't want your business in the first place?
Because the primary point of Blueseed is to allow easy access to investments from Silicon Valley. Getting invested in without a convenient corporate and financial structure. I think the IRS is an acceptable tradeoff based on the vastly greater availability of investment in Silicon Valley vs anywhere else in the world.