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1. You don't have to be a citizen to incorporate in the US. Y Combinator requires everyone to incorporate in the US regardless of their home country. It doesn't
by anateus 15y ago
1. You don't have to be a citizen to incorporate in the US. Y Combinator requires everyone to incorporate in the US regardless of their home country. It doesn't seem like Blueseed will have a similar requirement, but they should probably advise their startups to do so for the sake of it much easier to get investments.
2. Once you have a US corporation, you can have a US bank account.
So while the issues you raise could be problems for some companies, it's actually fairly straightforward and cheap (there are costs to your agents in Delware and a few similar items).
edited for style and coherence
- derda 15y agoThe slides said "you choose where to incorporate" (slide 26). I know its pretty easy to incorporate in the US, but AFAIK as soon as you do business with the US (rent servers from US company, have US-bank account) you are subject to the IRS (I don't know what rules apply). Why pay taxes and/or waste resources (tax consultants / lawyers) to a country that didn't want your business in the first place?
- anateus 15y agoBecause the primary point of Blueseed is to allow easy access to investments from Silicon Valley. Getting invested in without a convenient corporate and financial structure. I think the IRS is an acceptable tradeoff based on the vastly greater availability of investment in Silicon Valley vs anywhere else in the world.