Quote from: KawalGrover on August 04, 2014, 06:23:41 PM

I've asked this question on Reddit as well, and wanted to cross post this on this forum:

So, I've heard Nic Cary talk about how Blockchain is a company that does not have ANY bank accounts.

I have a few questions:
1. Where in the world should such a company be created/registered?

2. The company has to be structured so that it passes the 'legitimacy test' for companies like Coinvoice and others that will help the conversion of FIAT to BTC.
[I want the company to be able to invoice in BTC and if the customers pay in USD then do the invoicing through a company like coinvoice to handle the conversion, and perhaps a similar conversion for other FIAT currencies (EUR, INR, etc). ]

3. Has the simplest rules and formalities and the lowest tax burden in terms of operating an entity.

4. Any other things I need to be aware of or should consider.

Thanks for all your help and feedback in advance.

You would be a lot better off starting a business and also accepting bitcoin. Do you really want to limit yourself to only being able to get bitcoins. The amount of business you are forcing yourself to lose is mind boggling by ONLY accepting bitcoins. This makes me think you are being more idealistic than serious about starting a business. The amount of headaches you are going to need to go through for bitcoin only is probably not worth the effort currently. You are going to have to do most of the legwork yourself and it is going to be hard and if you mess up you're screwing yourself because the government IS NOT going to be nice to you.