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
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.