Quote from: marcus03 on January 07, 2014, 03:10:04 PM

Quote from: smaragda on January 07, 2014, 02:37:03 PM

Quote from: salsacz on January 07, 2014, 02:01:05 PM

Maybe we could create an asset organisation in some exotic liberal country? Would you pay me for living in Seychelles or in Panama? Cheesy

If one were truly committed to creating a NXT/Fiat gateway... the best way to go would be through a Belize International Business Company (IBC) that is owned by a Belize Trust.

Here is how you do it:

a. You create the Belize Trust (Trustees, Beneficiaries, etc.)
b. The Trust incorporates the IBC; thus the Trust is the owner of the IBC and not the beneficiaries of the Trust.
c. IBC creates a business presence online (website, NXT Asset Exchange gateway, etc.)
d. All bank, merchant, exchange, etc. accounts are opened by the IBC.
e. Belize bank account is in $.
f. The physical address associated with all accounts is the corporate address of the IBC.
g) There is NO TAX for income earned from IBCs outside Belize.

You are looking at $1500-2000 to set this up and around $1000 yearly expenses to renew the Belize contracts.

And YES... it is all COMPLETELY LEGAL!!! Wink

Which brings us back to the question of trust... Wink

Normally banks offer a online transfer confirmation system similar to a multisig I think...so you could authorize 5 people to confirm each transfer (by ticket device which some banks normally give out) or It can;t go thru....this would slow things down but it would increase trust.