Quote from: two_btc on September 06, 2018, 01:54:10 PM

We got a reply from the lawyers. For non-EU citizens, additional procedures are required. They must be verified by Ministry of Foreign Affairs (MFA) of Estonia. This procedure requires some time. Moreover, these persons must provide a bunch of additional papers. Our team members don't live in the countries of their citizenship. This requires one more step as well. The documents must be verified by the embassy of their country + Estonian MFA.

We've also checked the possibility of the offshore company registration. If the offshore company buys an Estonian company (or just a share of the company) it must disclose it's beneficiaries. In this way, we need to proceed with the Estonian MFA verification again.

We are already behind schedule and we don't want to have any further delays.

The only option left is to register the company to the EU citizens: Carlos Sampol and Mikhail Korolev. Then we could complete the verification process for the rest of the team and the EU citizens will "sell" the shares in the company to them. There is a small risk that HitBTC will ask why the CEO of the company is not Yohan. However, we don't think that is important for them. They could also ask to provide the Dexaran's identity... We don't think it's a problem.

This is a very big problem. Control over the project goes into the hands of two not the most important team members. The main developers are left out. This is a very big risk for investors.

HitBTC can be accepted documents, as they do not care who of the team will answer before the Law.