Re: [ANN][Pre-TGE]🌐👥🌌Crypt-ON - Multipurpose blockchain platform🌌👥🌐
Greetings community. Can someone clarify where is project from?
Hey Jorifrom. You mean where is the team from? Because as for the team, they combine the best people and industry experts from all over the World, it is better to check out their website for more detailed info on team
Was mostly wondering about the country the are registered in but team info is even more important
Oh, you are about the country. They are from Cyprus
I see. But why many projects choose Cyprus for running the ICO? Something special in there?
Well, among the numerous wellknown jurisdictions for running ICOs, Cyprus offers some significant benefits which should be taken into account. Evidence of this is the fact that a lot of companies choose to run their ICOs in Cyprus
Well, sounds logical... And can you name some benefits, like an example?
I am not an expert, though, as far as I know, Cyprus is an EU Member State and its tax regime -which is approved by the EU is modern and quite attractive putting Cyprus in the whitelist of tax jurisdictions globally. Any organization running its ICO in Cyprus will be entitled to the considerable number of advantages on offer through incorporation in this jurisdiction but also, what is important is that ICOs are generally unregulated inside the EU something which should be viewed as an opportunity since for now the status quo favors freedom of enterprise
