Opening a bank account online is often a tedious process involving lengthy registration processes, antiquated KYC and – often – software bugs. Here we present a better alternative.
How To Open A Business Abroad Through The Incorporations Marketplace
On the 25th of March the Incorporations Marketplace went live. This is a huge milestone which allows users to open a business abroad and pay for it with KEY.
We are delighted to announce the launch of the SelfKey Incorporations Marketplace. This represents the culmination of months of hard work from the SelfKey team and we are delighted with the results.
In a time in which many of us are looking abroad for preferable tax rates and simpler regulatory requirements, the demand for foreign incorporations is skyrocketing. Not only is the process of opening a business abroad typically cumbersome however, but it is also fraught with unexpected fees and waiting periods.
The SelfKey Incorporations Marketplace changes that.
Now wallet users can open a business abroad, while enjoying complete transparency with regards to fees and KYC requirements of their chosen jurisdiction. This one-of-a-kind service is not only sleek and powerful, but allows you to pay for the incorporation with your KEY tokens.
The SelfKey Identity Wallet is a free identity solution for Windows, Linux and Mac. Get yours today!
At launch, we are delighted to be offering 10 excellent jurisdiction, including the United Kingdom, the Cayman Islands, Switzerland and Hong Kong.
Of course, we’ve included extensive information about the benefits and drawbacks of each jurisdiction. This includes:
- Basic information about the jurisdiction
- Legal requirements
- Relevant taxes
- Country specific details
- Relevant tax treaties
- The services included in the Incorporations
Here we can see the profile page for Switzerland.
As you can see we provide a detailed evaluation of each jurisdiction to help you make an informed decision. On the final screen
Once you’ve taken in all the information and picked your preferred jurisdiction, click on the “Incorporate Now” button to get started. Here you will find an order summary as well as breakdown of the cost.
Next, you’ll see a checklist detailing the required Know Your Customer (KYC) documentation. This information is pulled directly from your SelfKey ID, making it much easier to complete.
Naturally, we provide validation for each document, and let you know about problems by displaying the orange error messages. Once all the information is complete, you will be able to submit your application. The final step is to complete the payment. Importantly, you will need KEY to make the purchase, which is available on Binace, LATOKEN and many other excellent exchanges.
When you’ve sent the required KEY token to your SelfKey Identity Wallet, you will be able to pay for the incorporation.
Congratulations, you’ve just taken an important step towards opening a business abroad. Your application has been submitted and paid for. Now you can lean back, relax and wait for us to get in touch via email.
Have we piqued your interest? Then download the SelfKey Wallet today, head over to the Incorporations Marketplace and get started.