governments as entreperenuers
Post on 19-Jan-2017
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Governments as EntrepreneursHow Governments can Become Fast and Smart by Thinking like Entrepreneurs, and the Coming Blockchain Technology that will Change Everything
Does your country attract talent like
this?Elon Musk: ● SpaceX, Tesla, SolarCity,
PayPal ● 3 passports ● Immigrant entrepreneur● Originally from South
Africa
Your Country can attract global talent — by creating an entrepreneurship by investment program.
Benefits To EntrepreneurLower investment than Instant
citizenship
Typically Involves residency period
More suitable for Active Business
More Aligned with Business Goals
Benefits To CountryAs opposed to an investment, is a
longer term contribution
Tax dollars from Business stimulate economy
Better for local jobs and economy
Singapore’s EntrePass program
Special visa for immigration that allows entrepreneurs fast-track to permanent residency & citizenship.
Need IP, venture capital backing, and hire local employees to qualify.
Creme of the crop projects.
You are now compared against your competitors
one : one
REMOTE RESIDENCY
BLOCKCHAIN INCORPORATION
REMOTE RESIDENCY
Estonia Case Study
Estonia’s e-Residency allows anyone to verify themselves online with a passport.
Why not enable the same for banking, residency & incorporation?Blockchain technology
3 key points
Online, remote system is
competitive advantage
Program for entrepreneurs is great revenue producer long
term
You are in direct
competition for global
talent
REMOTE RESIDENCY
BLOCKCHAIN INCORPORATION
BLOCKCHAIN INCORPORATION
Singapore Case Study
“There are other technologies, like blockchain, which is used for bitcoin, but can also be used for many other applications. [...] And our banks must keep up to date with these developments.”
Lee Hsien Loong, Prime Minister of Singapore
Singapore is working with local entrepreneurs for blockchain incorporation
2 day
sto set up a company
Singapore
20 minute
sto pay your taxes
Low taxes
but not 0% tax
In Argentina, it takes 12 weeks to set up a
company, and 105 hours to file a tax return!
The Blockchain Incorporation
Immutable ledger
Electronic share registry
Users have independent control of a private key
Already in pilot at global banks
add the graphic about control of key here
Ownership of Shares / Private Key
No notary / apostille (but still private)
Traditional Companies
Governance Outsourced to lawyers Automatic
Signatures Physical, EchoSign Public/private key
Control of Shares Paper documents Public/private key
Adherence to Law Uncertain, legal advice needed Certain
Smart Contracts Not possible Ethereum
Auditable Time, temporary Instant, forever
Meeting Minutes Time, email, meetings Instant
Fundraising Painful KYC, expensive lawyers Easy KYC, inexpensive documents
Control of Digital Assets Not possible Inherent
Transparency & Trust Through Technology
Secure, encrypted video communication and file transfer
FATCA means no more privacy for banking.
Why not be fast & transparent & never face problems from America,
OECD etc.
Who benefits?
Governments
Registered agents
Lawyers
Corporate secretaries
Financial advisors
Private bankers
Banks
Financial institutions
Venture capitalists
Capital markets
Healthcare industry
Public markets
Why should this matter to you?
Global Trends International Pressureand increased competition
international incorporation move towards more transparent flow of information
quicker, more flexible offerings of governments and more competition for global talent
+competition amongst firms, “winner=take-all” will have the technology edge
(good place for key stats)
FACTA, TIEAs and tax information exchange agreements at government and banking level
immigration by investment move towards quicker, more flexible offerings for properly cleared persons and transparent market
Revolutionary technology allows for transparency, privacy and trust
Adoption of this technology means faster, quicker, more
accurate and immutable databases of information
Utilization of technology will become standard, and failure
to adopt could mean not globally competitive
Emerging markets entrepreneur specializing in immigration-by-entrepreneurship & international incorporation
Powered by proprietary technology to create freedom, efficiencies, marketplaces and trust in a borderless world
Registered agent & professional company formation intermediary
Have introduced or set up hundreds of legal entities for entrepreneurs
About me
About meHave gone through several
immigration-by-entrepreneurship programs, including EntrePass in
Singapore, and Board of Investment companies in Thailand
RingMD (Medpats Global pte. ltd.) in Singapore, REACT (continuous software co. ltd.) and Iglu (Red
Orange Co. Ltd.) in Thailand
incorporations.io LOGODEMO
Transparency / Trust Through Technology
• International incorporation and immigration by investment are extremely important global industries.
• utilization of technology will become standard (and the firms that fail to adopt will become ordinary, or extinct.)
Links to articles
Governments as Entrepreneurs (Part
I): Passports and Residency on the
Horizon Blockchain
Governments as Entrepreneurs
(Part II): Companies
house, Arbitration,
Remote Services
If you enjoyed this presentation and would like a copy of it, please feel free to download it from slideshare.
Governments as Entrepreneurs
How Governments can LeverageBlockchain and Remote Technology
for International Incorporation and Immigration
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