governments as entreperenuers
TRANSCRIPT
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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
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Does your country attract talent like
this?Elon Musk: ● SpaceX, Tesla, SolarCity,
PayPal ● 3 passports ● Immigrant entrepreneur● Originally from South
Africa
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Your Country can attract global talent — by creating an entrepreneurship by investment program.
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Benefits To EntrepreneurLower investment than Instant
citizenship
Typically Involves residency period
More suitable for Active Business
More Aligned with Business Goals
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Benefits To CountryAs opposed to an investment, is a
longer term contribution
Tax dollars from Business stimulate economy
Better for local jobs and economy
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Singapore’s EntrePass program
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Special visa for immigration that allows entrepreneurs fast-track to permanent residency & citizenship.
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Need IP, venture capital backing, and hire local employees to qualify.
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Creme of the crop projects.
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You are now compared against your competitors
one : one
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REMOTE RESIDENCY
BLOCKCHAIN INCORPORATION
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REMOTE RESIDENCY
Estonia Case Study
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Estonia’s e-Residency allows anyone to verify themselves online with a passport.
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Why not enable the same for banking, residency & incorporation?Blockchain technology
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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
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REMOTE RESIDENCY
BLOCKCHAIN INCORPORATION
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BLOCKCHAIN INCORPORATION
Singapore Case Study
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“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
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Singapore is working with local entrepreneurs for blockchain incorporation
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2 day
sto set up a company
Singapore
20 minute
sto pay your taxes
Low taxes
but not 0% tax
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In Argentina, it takes 12 weeks to set up a
company, and 105 hours to file a tax return!
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The Blockchain Incorporation
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Immutable ledger
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Electronic share registry
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Users have independent control of a private key
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Already in pilot at global banks
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add the graphic about control of key here
Ownership of Shares / Private Key
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No notary / apostille (but still private)
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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
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Transparency & Trust Through Technology
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Secure, encrypted video communication and file transfer
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FATCA means no more privacy for banking.
Why not be fast & transparent & never face problems from America,
OECD etc.
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Who benefits?
Governments
Registered agents
Lawyers
Corporate secretaries
Financial advisors
Private bankers
Banks
Financial institutions
Venture capitalists
Capital markets
Healthcare industry
Public markets
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Why should this matter to you?
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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
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Revolutionary technology allows for transparency, privacy and trust
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Adoption of this technology means faster, quicker, more
accurate and immutable databases of information
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Utilization of technology will become standard, and failure
to adopt could mean not globally competitive
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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
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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
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incorporations.io LOGODEMO
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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.)
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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
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If you enjoyed this presentation and would like a copy of it, please feel free to download it from slideshare.
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Governments as Entrepreneurs
How Governments can LeverageBlockchain and Remote Technology
for International Incorporation and Immigration