Re: [ANN][TGE] Jarvis - Hybrid exchange | Decentralized hub | Token with revenue
The HQ is in Sofia, and the taxes will be paid where the ICO recipe is made ... I agree. Apparently, this takes away from the Team the fiscal responsibilities for performing ICO stating another location, if I am not mistaken. But at some point it is money in whatever kind needs to be declared in the Country of origin, would not this lead to problems?
No there is no tax on ICOs; the taxes are paid where revenues are generated; revenues will mainly be generated through the exchange, so taxes will be paid where the exchange is located. Also, some revenues will be done through the market place and partnership, and this will be directly been taxed in Sofia.
I'd like to ask, why did you prefer Sofia for headquarters, i am sorry if you answered this question before i started reviewing this project recently.
I can imagine three reasons. first, most of the team members come from there. Second, Bulgaria may be crypto friendly. Third, It is an affordable city to work in if you are a startup that does not have much money.
Why is it even a problem or worth a discussion that their HQ is in Sofia. king_of_alts already mentioned good reasons for Jarvis to have their HQ there and I am sure Jarvis has dozens more good reasons why they have chosen exactly this city.
Well, we have chosen Bulgaria because... we live there! It is one of the most fantastic country I have been living in! I know it has a lot of prejudice, but this country worths a visit. I personnaly decided to move there 4 years ago after having lived in Germany, France, Monaco and Lithuania, and after having visited most european countries (I loved travelling).
And, by hasard, it happens that there are 2200 places where to buy BTC in Bulgaria, a big community of miners, and a lot of very talented developers. Not to mention the cheap taxes and cost of life, as well as average wages.
As easy as that
