Estonia is the greatest jurisdiction on the planet to make an ICO because of its friendly controls, e-government, and taxes. There are approximately 200 million dollars accumulated via ICOs that are created here.
In Estonia, ICO regulation is not specified nor discussed in the national act. Being an EU member state, the method of cryptocurrency transactions taxation is governed by the national legislation of EU members depending on the type of cryptocurrency transactions. As a rule, for the purposes of taxation digital currency is recognized as an intangible asset or commodity.
Estonia is very generous on Crypto currencies and many project find their way here. We have negotiated several ICO project and have expertiese know how. However, you should have to examine some key issues, before you choose Estonia as your home for ICO.
The Estonian Finacial Superrvising Authority (FSA) has granted following guidelines for for businesses employing with virtual currencies and ICOs. In case the token will give voting and engaging right in profit distribution, the token will be viewed as security – a security token. Distributing a security token indicates, that the same responsibilities appear for issuer, as on IPO. The IPO candidate must be registered and certified by Estonian Financial Supervision Authority (FSA).