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Edmund John Emerging Markets Entrepreneur & Investor

Singapore & Hong Kong

Currently building SelfKey.org

Can consult topics directly related/adjacent - such as tokenized funds, security tokens (STO's), and decentralized identity.

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  • Reviews 17
  • Answers 36

Edmund really knows his stuff. Gave me great advice on incorporation. I'll be working with him to incorporate my business.

Source: Clarity Samer Bechara Jan 14, 2016

Great oversight into Worldwide incorporation set up. 100% recommend to anyone that needs any clarification into set up with multiple businesses in multiple countries.

Source: Clarity Luke Hindson May 27, 2015

Very knowledgeable and concise, extremely helpful.

Source: Clarity lucas rockwood May 11, 2015

Refreshing new perspectives on important global business decisions.

Source: Clarity DAVID LEONARDO ALFARO Dec 11, 2014

Edmund gave me the insight and confidence I needed to organize and structure my venture. I'll be calling on him again.

Source: Clarity Lawrence Chung Dec 1, 2014

Very insightful, knowledgeable and precise.

Source: Clarity DAVID LEONARDO ALFARO Nov 3, 2014

Edmund offered clear, concise advice that helped us identify the issues to consider with international incorporation and payment processing. He is a solid subject matter expert and professional and structured in his approach. Would both recommend him and use him again.

Source: Clarity Jerry Everett Sep 19, 2014

Edmund knows his stuff! I now have a step by step guide on what to do. Set up a call if you need his help, you won't be disappointed.

Source: Clarity Coran Woodmass Aug 19, 2014

Helped me site my sights on my target more clearly. Very informative and wise. Would highly recommend.

Source: Clarity Jer Collins Jul 30, 2014

Had some questions about setting up a Wyoming LLC. Edmund answered everything explicitly and succinctly. Guy is a pro when it comes to incorporation.

Source: Clarity Taylor Pearson Jun 4, 2014
Edmund John, Emerging Markets Entrepreneur & Investor answered:

The following is not exhaustive nor is it legal advise.

Crypto-Economy
1. You'll want to have a good 'crypto-economy' and plan for your token. What are the pressure mechanisms on price/supply. What is the actual use of the token within your application or network? Can your token just be substituted for ethereum or is your token unique and absolutely necessary for a new ERC-20 token.

2. Plan a legal structure.
The legal structure you choose is very important because it determines (to some extent) the governing law. Each token is different and therefore you should not just copy another but rather get a specific plan and structure for your token. The legal structure will likely impact your disclosure documents, KYC requirements, tax and ongoing legal requirements.

3. Pick Attorney(s) to draft legal agreements.
There are many agreements that need to be drafted including the purchase/sale/terms/disclosure agreements. It's best to have a law firm do these, and be covered by their professional liability insurance (if you can)!

4. Do KYC for your sale
Any token sale needs to abide by AML/CTF laws. This is an absolute must, and even if all else is equal, if you are found to be aiding or abetting terrorists or money launderers, you may find the long arm of the law reaching out for you. Your KYC should be connected to your ERC-20 contract. The folks at https://KYC-Chain.com may be able to help.

5. Be honest
Consumer protection laws exist for a reason, and you should have an ACTUAL product and use case.

**This is not tax or legal advise.

I've written more on this here: https://flagtheory.com/successful-initial-coin-offering/

Edmund John, Emerging Markets Entrepreneur & Investor answered:

One is a SERVICE. Services sometimes have issues with profitability when scaling. You end up managing people and profit margins stay the same or decrease.

The other is a PRODUCT. Products generally scale better as the cost of product remains more or less the same (COGS).

Many people start consulting and build a product later.

You can also do a productized service which is a mix of both.

Edmund John, Emerging Markets Entrepreneur & Investor answered:

It's really impossible to answer this question without a fuller analysis of your specific tax situation. "Float between" won't be the terminology used in a tax treaty!

That being said, we've attempted to distill down different incorporation options at Incorporations.IO which is a free comparison tool for looking at global incorporation.

Also there are plenty of articles on our FlagTheory.com website which talk about tax residency, bank accounts, obligations in terms of reporting and more.

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