governments as entreperenuers

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Governments as Entrepreneurs How Governments can Become Fast and Smart by Thinking like Entrepreneurs, and the Coming Blockchain Technology that will Change Everything

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Page 1: Governments as entreperenuers

Governments as EntrepreneursHow Governments can Become Fast and Smart by Thinking like Entrepreneurs, and the Coming Blockchain Technology that will Change Everything

Janice Lin
Which title slide do you prefer?
Page 2: Governments as entreperenuers

Does your country attract talent like

this?Elon Musk: ● SpaceX, Tesla, SolarCity,

PayPal ● 3 passports ● Immigrant entrepreneur● Originally from South

Africa

Page 3: Governments as entreperenuers

Your Country can attract global talent — by creating an entrepreneurship by investment program.

Page 4: Governments as entreperenuers

Benefits To EntrepreneurLower investment than Instant

citizenship

Typically Involves residency period

More suitable for Active Business

More Aligned with Business Goals

Page 5: Governments as entreperenuers

Benefits To CountryAs opposed to an investment, is a

longer term contribution

Tax dollars from Business stimulate economy

Better for local jobs and economy

Page 6: Governments as entreperenuers

Singapore’s EntrePass program

Page 7: Governments as entreperenuers

Special visa for immigration that allows entrepreneurs fast-track to permanent residency & citizenship.

Page 8: Governments as entreperenuers

Need IP, venture capital backing, and hire local employees to qualify.

Page 9: Governments as entreperenuers

Creme of the crop projects.

Page 10: Governments as entreperenuers

You are now compared against your competitors

one : one

Page 11: Governments as entreperenuers

REMOTE RESIDENCY

BLOCKCHAIN INCORPORATION

Page 12: Governments as entreperenuers

REMOTE RESIDENCY

Estonia Case Study

Page 13: Governments as entreperenuers

Estonia’s e-Residency allows anyone to verify themselves online with a passport.

Page 14: Governments as entreperenuers
Page 15: Governments as entreperenuers

Why not enable the same for banking, residency & incorporation?Blockchain technology

Page 16: Governments as entreperenuers

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

Page 17: Governments as entreperenuers

REMOTE RESIDENCY

BLOCKCHAIN INCORPORATION

Page 18: Governments as entreperenuers

BLOCKCHAIN INCORPORATION

Singapore Case Study

Page 19: Governments as entreperenuers

“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

Page 20: Governments as entreperenuers

Singapore is working with local entrepreneurs for blockchain incorporation

Page 21: Governments as entreperenuers

2 day

sto set up a company

Singapore

20 minute

sto pay your taxes

Low taxes

but not 0% tax

Page 22: Governments as entreperenuers

In Argentina, it takes 12 weeks to set up a

company, and 105 hours to file a tax return!

Page 23: Governments as entreperenuers

The Blockchain Incorporation

Page 24: Governments as entreperenuers

Immutable ledger

Page 25: Governments as entreperenuers

Electronic share registry

Page 26: Governments as entreperenuers

Users have independent control of a private key

Page 27: Governments as entreperenuers

Already in pilot at global banks

Page 28: Governments as entreperenuers

add the graphic about control of key here

Ownership of Shares / Private Key

Page 29: Governments as entreperenuers

No notary / apostille (but still private)

Page 30: Governments as entreperenuers

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

Page 31: Governments as entreperenuers

Transparency & Trust Through Technology

Page 32: Governments as entreperenuers

Secure, encrypted video communication and file transfer

Page 33: Governments as entreperenuers

FATCA means no more privacy for banking.

Why not be fast & transparent & never face problems from America,

OECD etc.

Page 34: Governments as entreperenuers

Who benefits?

Governments

Registered agents

Lawyers

Corporate secretaries

Financial advisors

Private bankers

Banks

Financial institutions

Venture capitalists

Capital markets

Healthcare industry

Public markets

Page 35: Governments as entreperenuers

Why should this matter to you?

Page 36: Governments as entreperenuers

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

Janice Lin
Not sure which section these would fall under? The next section, I'm guessing?
Edmund John
this woudl be the incorproations section, correct. Basically that privacy and transparency super important. I moved this slide.
Page 37: Governments as entreperenuers

Revolutionary technology allows for transparency, privacy and trust

Page 38: Governments as entreperenuers

Adoption of this technology means faster, quicker, more

accurate and immutable databases of information

Page 39: Governments as entreperenuers

Utilization of technology will become standard, and failure

to adopt could mean not globally competitive

Page 40: Governments as entreperenuers

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

Page 41: Governments as entreperenuers

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

Page 42: Governments as entreperenuers

incorporations.io LOGODEMO

Page 43: Governments as entreperenuers

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.)

Page 44: Governments as entreperenuers

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

Page 45: Governments as entreperenuers

If you enjoyed this presentation and would like a copy of it, please feel free to download it from slideshare.

Page 46: Governments as entreperenuers

Governments as Entrepreneurs

How Governments can LeverageBlockchain and Remote Technology

for International Incorporation and Immigration