Is Switzerland the best country to register a new company to launch an ICO? what is the concept of registering dual companies & what are the tax implications of registering a company in switzerland?
The government of Switzerland controls ICOs in an unexpected way, contingent upon the idea of their cryptocoins. There are three classifications: payment tokens, utility tokens and asset tokens. Payment tokens are coins like bitcoin that are normally used to encourage esteem exchange. Utility tokens empower access to a particular application or administration. Asset tokens give their clients value in an organization. The most managed kind of token is the asset token. asset tokens are treated as securities and require the approval of the Swiss Financial Market Supervisory Authority. Also, a few kinds of ICOs may require the coin backer to acquire a saving money permit. In addition, all Switzerland-based ICO backers must agree to the nation's AML (Anti Money Laundering) necessities.
Organizations considering beginning an ICO in Switzerland ought to counsel with an assessment master first. The nation regards digital forms of money as outside monetary standards for duty purposes and are liable to an extraordinary riches charge. In spite of the fact that every Swiss Canton can utilize distinctive numbers for deciding assessments, they for the most part pursue the direction of the Swiss Federal Tax Administration. In 2017, the prescribed duty rate for bitcoin was CHF13,784.38, or around $14,514 USD
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