WHAT IS BITHUBCOMMUNITY?
Bithub Community is a social media platform for Crypto Currency Community that allows users to share content, promote their projects, blogs, forums, links, and stories. We combine social media concepts with the latest advances that support community building and social interaction with crypto-currency. Cryptodevelopers can also come together to combine bounty and airdropping campaigns, display their ads, and present their projects to the public by providing tools such as blogs, forums, and ad serving.
VISION
To be the first Social Media for Crypto Currency Community
MISSION
Create a platform for everyone to discuss, work out, express ideas, and promote their projects on a platform that provides social media blogs and forums
Who is and where are the buyers of our services?
Both the blockchain technology and the world of the cryptocurrency based on it have no state borders. We can therefore assume that the issuance of tokens is usually addressed to the largest possible group of potential buyers in different parts of the world. Of course, you should be aware that each one of us is guided by different ideas, stereotypes or prejudices. As a rule, investors prefer what is close and familiar to them. If the majority of our target audience is in Asia, we should seriously consider choosing Singapore or Hong Kong. Europeans will bring Estonia, Malta and Switzerland, as well as Americans, much closer to the stability of various US states. There are also offshore jurisdictions (eg British Virgin Islands,
What are the legal conditions in a particular country?
Due to the policies of the European Union and the needs of the financial sector (especially banks), companies operating in the cryptocurrency industry are introducing more comprehensive AML (anti-money laundering) and knowing their clients' practices (KYC). A properly designed anti-money laundering process strengthens the credibility of the issuer and increases the chances of success of the project.
In addition to the above procedures, the tax rules and their clear interpretation with regard to the ICO are of central importance. In some countries, such as Poland, the risk of using an unfavorable source of revenue from ICOs can significantly affect the profitability of the entire enterprise. We would therefore exclude the feeling of organizing emissions in Poland where the interpretation of the legislation is ambiguous and even some government institutions compare cryptocurrencies equally with financial fraud. It is also worth avoiding the sweeping momentum of the country where ICO is banned, such as China, Macedonia or Morocco.
Our interests should include those countries where the issue and sale of coins are legal and considered positive by the state authorities. In Europe, for example, we can see Malta as the most officially friendly place for crypto-currency companies. The attractiveness of Malta is confirmed by the presence of the largest European stock exchanges in its market. It is also worth considering Estonia, which, like Malta, has clear rules and an attractive tax system but is a much cheaper solution. The European country where ICO is carried out from around the world is Switzerland. However, due to the significant cost of starting and maintaining the business, it is reserved primarily for large companies with sufficient resources.
control
The characteristic of a company is the pursuit of profit maximization and the minimization of the tax burden. Tax planning is therefore a key issue for successful companies. Those who do not refer to them do not generate income and do not pay taxes. Taking into account the tax purpose, the effective tax rate and not just the nominal tax rate must be taken into account. One example is Malta, where the nominal tax rate is 35%, while companies actually pay only 5% of the tax due to the reimbursement system. However, tax returns can take months and significantly reduce the company's cash flow.
Tax issues should be viewed from multiple sides. An important issue is the safety and legality of the tax residence of shareholders, directors of the ICO. Double taxation agreements usually contain exactly the rules for the taxation of companies that operate in two different countries. CFC regulations, which take different forms in different countries, are also the key. We have written about the example of Estonia as a tax-friendly country for a Polish taxpayer.
TCO
The cost of business services and services for different companies in different countries varies considerably. Offshore countries are generally the cheapest countries that do not require detailed reporting or billing. It pays to pay attention to the reporting requirements for local administration fees as well as the costs of consultants and accountants. The scale of digitization of a country's administration has a significant impact on costs. The ability to manage the company remotely via e-administration avoids, among other things, high fees for international shipments.
We are often faced with the need for legalization and certified translation of documents, which can be very costly and time-consuming in some countries. It can be assumed that the registration of the company itself is not sufficient to do business in the country of our choice. Also important are the costs for employees who commute and stay on site.
bank account
In the last three years, the criteria for opening bank accounts for foreigners and foreigners worldwide have drastically worsened. Therefore, it is so important to consider the possibility of opening a bank account when choosing a jurisdiction. Generally, companies do not need bank accounts with domestic banks. The easiest way for an international company controlled by Polish taxpayers is to open a bank account in Poland. However, it is worth considering the necessary documents, the simple procurement and the perception of a particular country by Polish banks. A complicated ownership structure of the company and the registration in a country that is classified as "tax havens" are a major obstacle.
We should also remember that most of the KYC procedures used for banks require personal involvement in the industry. While traveling to the Czech Republic or Estonia is not a problem due to the distance, traveling to Hong Kong without a guarantee of success can be very expensive and time consuming.
stability
The economic, legal and social stability of the selected country is an important theme of the ICO-based Business Point. The security of the emerging economic fluctuations is also important due to current data in the business register. Registration documents in Estonia will be changed within two days, in Malta within two weeks. In Poland, it takes up to six months in extreme cases.
Of course, the factors we present are not the only ones to be considered, but in our view they play the most important role in choosing the most profitable target within the ICO. The order in which we touched certain aspects is random. We know that every consultant or solicitor has their own list and the customer can use a different key. It is extremely important for us to know how important it is to choose the right place to run the ICO.
The material was developed in collaboration with Thompson & Stein Partner.
Thompson & Stein is an international law firm specializing in legal and tax advice. The company's activities include assistance in obtaining a license to trade cryptocurrencies and advising ICO.
CHARACTER
Name of the token: BITHUB COMMUNITY Token
Symbol: BHCx
Total offer: 1,000,000,000
Smart Contract: 0x9BbB30b378Ed4e2b88cA0E7a066b12751AfFB52f
Price per BHCx: 0.00001ETH
Buy 10 ETH and get 50% bonus
Buy under 10 ETH and get 30% bonus
For more information click on Link Bellow:
Website: https://bithubcommunity.com/
Telegram: https://t.me/BithubCommunityOfficial
Twitter: https://twitter.com/BithubC?s=07
Authors: Loksyun
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1886140;sa=summary
My ETH: 0xd0d8c8e966efC43d681a33f2536fD44AfDf8c827
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