Vote with your feet.
Vote with your feet.
I've got a large family and a massive network of friends here in Ontario, however.
I grew up here, I can't move.
I've considered getting dual citizenship in another country, but that isn't exactly cheap or problem free either.
And I don't think the estonia e-residency is enough to satisfy regulators/crypto-exchanges that are serious about KYC.
Unfortunately you need trust in this situation. A trusted friend with a company you don't own paying taxes in another country, taking a cut and sending you the profits very frequently would be my choice. I did just that for friends a few times (for tax reasons though), sometimes holding out the money for a long period of time while they moved to more favourable tax jurisdictions.
You can setup a contract between his foreign company and your canadian company and send invoices - albeit that won't afford you that much protection if he decides to run away with the money (hence why you want to transfer the money frequently).
I wouldn't trust a stranger with this, to avoid getting scammed but there is an entire industry around frontmens and some players should be reputable enough to be trusted.
You don't want to.
Not the same thing.
It's all about priorities.
[edit: not sure why you are being downvoted, your answer is transparent and reasonable ...]
Someone else’s id and rental agreement is though, for this purpose. These are either directly purchasable on a DNM (darknet market), or something you can ask for
Woooorst case you need to deep fake live on webcam, this is consumer grade tech even open source now
Acquiring and using the ID This might violate laws
Anyway.
VPN from the expected country all the time, or Tor+RDP (remote desktop) from a compromised computer close to the postal code of the ID which can also be found on an RDP DNM
Hacker. News.
Or buy a Caribbean citizenship and circumstance that generates a utility bill.
(El Salvador has plans for easy crypto entreprenuer citizenship but they might lose international support over authoritarian moves.)
Unfortunately I don't know anybody well enough who lives outside of any of the banned jurisdictions to trust them with hundreds of thousands of dollars worth of crypto currency.
If I get caught lying, Bitmex can literally liquidate all of my positions and essentially steal my money. Not sure about the others but I imagine it's the same. They're all trying to save their own skin, they don't care about me at all.
Not saying it's a bad idea, I just don't see how it would be any different than the UK corporation I already setup.
The key here is the definition of "legal ownership of an entity", which - while most people tend to believe they're identical - is not the same as "actual control of an entity".
I'm saying that being the legal owner of a company and having actual control of said company are really not the same thing.
There are a number of ways to achieve this, all of which are very dependent on your personal context.
But to be practical, I'll give you an example: a member of my extended family runs a construction company.
For all intents and purposes, he completely controls the company: what it does, what the money generated is used for, etc...
However, he does not own it: as seen from the govmt's perspective, his ex-spouse does.
For reasons I am not going to get into, he could not own both this construction company and other businesses he controls without running into some issues.
What he did: he divorced his wife and through the divorce, he gave her full ownership of the company.
The facts that:
- they still live as a couple
- they love each other
- they trust each other with their lives
- the wife has zero interest in sticking her nose in the company's business
None of the above appear on any book or has any legal standing.There is a reason why so many business names in the Anglo-Saxon world have the word "trust" in them.
This is just an example, there are many other avenues.
Another thing you might want to consider doing:
- raise capital thru the UK company
- use said capital to fund the bot to operate on a larger scale
- remain one among many shareholders (preferably a minority one), most of which aren't based in the jurisdiction that's giving you a headache.
- just be the salaried COO and single employee of said company, where all other shareholders know fully well that the day they try to wrestle actual control from you, the tech to run the bot only lives in your head ...
- when BitMex asks for company owners, just provide them with the truth.
This is all of course predicated on your bot actually being able to earn :D