Eternity Law International — News — Formation of the ICO project

Formation of the ICO project

Published:
May 7, 2018

Forming an ICO project is not only a difficult process, but also requiring legal literacy. Incorrectly written documentation or unaccounted for nuances can have serious consequences for the project.

Therefore, it will apply for help in a consulting firm – a rational solution, both for beginners and for already experienced companies.

WHO WILL APPLY FOR CONSULTING SERVICES TO CREATE ICO PROJECT

First of all, it is necessary for those firms that want to legally work with crypto-currencies and Blockchain. Creating an honest business that takes into account all legal and tax risks is not an easy matter.

Especially if it is a question of realizing a really good and workable project.

However, it is quite problematic to take into consideration all nuances on its own, and studying the legislative base can take a very long time. So much that the idea of ​​the project can be realized by someone else or just lose its relevance.

Spent money for this kind of services more than pay off after all, because the more qualitative documentation, the more investors you can attract.

MAIN SERVICES OF CONSULTING COMPANIES TO CREATE ICO PROJECT

Primarily, the service provider carefully studies the project. Based on its characteristics, the algorithm of work and optimal jurisdiction are chosen.

Consultations and assistance of a competent lawyer may be necessary at any stage.

  1. While working on internal documentation. We are talking about the preparation of securities based on the activities of the company. Very important is the compilation of White paper, which should take into account all the nuances of legislation. At this stage, interaction with state bodies is being established.
  2. When developing mechanisms for selling tokens, due to which they cannot be equated to a currency or a security.
  3. Reduction of tax risks. The lawyers of the consulting firm are working on the project and distributing the burden on all participants of the process, proceeding from the laws on the CFC.
  4. Working out, so-called, compliance-measures, which reduce the risks of the creators of the project. Based on the legislation of the specific jurisprudence of a certain country, an individual method of work is worked out, which makes it possible to avoid treating the token as a type of securities.
  5. Writing of such AML / KYC documentation that will prevent getting under the laws on combating the legalization of illegally obtained income.
  6. Carrying out work to avoid falling under the laws on insider trading and market manipulation.
  7. Work on the internal mechanism of work, based on the legislation of the selected jurisdiction.

ADVANTAGES OF CONSULTING SERVICES

Qualified lawyers independently study the documentation of the company and the project. There is no need to delve into a lot of new terms, especially when it comes to the first draft of the ICO.

All documents will be carefully tailored to a particular jurisdiction, which is chosen depending on the features of the project.

All mechanisms of investments and their distribution are studied as much as possible. Thus, the funds are legally competently divided between developers, users, consultants, stock exchanges and other project participants.

When you are ordering consulting, you do not have to worry about choosing a bank and the mechanisms for withdrawing the funds. The same is true of their adoption – all options for obtaining investment will be carefully worked out.

If necessary, the process of licensing the company’s activities will be carried out. It is convenient and allows more attention to be given to the study of the project itself, without delving into financial and legal nuances.

It will be very convenient for professionals to address the issue of personal liability risks. In order to avoid any problems with the creators and initiators of the project, you need to work out a huge amount of information and develop an accurate plan of action.

Without experience, this is difficult to do. Therefore, in this matter, too, it is worth turning to a consulting firm.

In addition, you can free yourself from correspondence with investors, this will be done by professionals. There is no need to worry about legal literacy of correspondence.

In the event that you need an escrow agent when working with a project, you should also consult a consulting firm. It can act as such an agent itself or find a new intermediary who will act as guarantor of the transfer of funds within the ICO project.

If a dispute arose over the project, the assistance of specialists will be indispensable. These are both state courts and various other kinds of disputes, arbitration courts. Careful study of the case and the legislation relating to it will become a guarantee of successful termination of the dispute.

ACTIVITIES IN THE CREATION OF THE ICO PROJECT

The most common service is the development of the ICO project on a turn-key basis. This implies legal advice at all stages, beginning with the selection of jurisdiction and ending with the method of withdrawal of the received funds.

Experts fully study the documentation and prescribe the mechanisms. Assistance is provided in registering the company and opening bank accounts.

Consultations in the field of legal status of the Cryptocurrency. Now there is a process of constant changes in the legislation and attitude to the crypto currency, its regulation varies in different countries.

Get advice on which countries work best and what nuances exist in the current legislation is just possible in such a firm.

Accompaniment of mining projects. It is a question of detailed consultations on the course of conducting mining activity. All processes, whether purchase of equipment, formation of a corporate structure or licensing of activities, will be analyzed in accordance with all legal aspects.

Crypto consulting. This applies to all new projects that are related to the crypto currency. This service includes the development of documentation, marketing plans and various consultations.

The escort is not only for legal issues, but also technical assistance. Clients are provided with the most appropriate solutions, based on the latest changes in the world legislation.

Eternity Law International specialists will help you quickly create an ICO project of any complexity, and will lead it from the beginning to the end of the required period of work. To learn more about the benefits of cooperation with the company, please contact us through the Contacts section.

You could be interested

Ready-made company in Portugal

The option to buy shelf companies in Portugal is ideal solution for businessmen who intend to establish a firm abroad and enter global market-space. In the territory of this jurisdiction, entrepreneurs often choose firms that are created under the Trespasse scheme. Below we will take a closer look at what this scheme is and what...

Asset management license in Portugal

Since introduction of new legislative basis on May 28, 2023, existing assets and investments management firms are required to adapt their business-activities. Approved new legal basis established uniform standards for venture capitals, funds management for capital-holders and specialized investments. Below we’ll look at the current framework and regulative standards where government grants asset management license...

ICO license on Gibraltar

If your cryptocurrency project has interesting content with a transparent and understandable system of work, you are aiming to work for a long time, and then our company Eternity Law International recommends opening your company in Gibraltar. Here you will get full assistance from the regulator and some advantages in the work: ·       transparency of...

AML compliance in Canada: Regulation of Payment Service Providers

Payment service providers (PSPs) in Canada must put a risk-based AML/CFT program in place to comply with an AML Law, otherwise, they face regulatory risks. Find out how money services businesses (MSBs) and PSPs fall under AML regulations and what compliance represents for these businesses. The FINTRAC has updated the Money Laundering Laws. These regulations...

E-money license in UK

The United Kingdom has been at the forefront of digital innovation, particularly in the realm of monetary technology. With the growing popularity of electronic remittances and digital wallets, the E-Money permisison has played a pivotal role in facilitating secure and convenient digital transactions. This article explores the demands and benefits associated with acquiring E-Money permission...

How Europe’s AML regulation affects crypto

With expectations for an updated legal and regulatory mechanism toward virtual funds, experts state the EU might place a more hard-line attitude on cryptos. As specified in the recent media reports, 6 EU member states, namely, Austria, Germany, Italy, Spain, Luxembourg, and the Netherlands are on their way of implementing an AML law that will...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360