Crypto services

Introduction

Since 2010, the cryptocurrencies market has experienced a remarkable booming phase, allowing thousands of investors to generate considerable capital gains.

However, cryptocurrencies companies and investors now face growing regulatory challenges. Depending on the jurisdiction where operations are carried out, there may be significant tax implications to consider. Proper planning is therefore strongly advised.

Fidinam presents itself as an advisory partner, supporting crypto businesses and investors for their crypto operations and wealth management, in a tax optimized way.

 

SERVICES

PRE and POST ICO SERVICES

Fidinam provides tailored solutions for companies interested to access crowdfunding on the blockchain. In a continuously evolving regulatory framework, we are able to guide clients through the following steps:

  1. Analysis on regulatory requirements for the collection of funding (KYC, AML);
  2. Identification of the most suitable corporate vehicle;
  3. Tax ruling with local authorities (subject to certain criteria);
  4. Accounting and tax services for companies dealing with crypto currencies.

Frequently asked question we receive from crypto businesses:

  • How ICO contributions/donations are treated from an accounting point of view. Are they revenues? If so, are such revenues taxable?
  • When does the tax liability arise? What exchange rate shall be used to calculate the fiat tax liability?
  • Freelancers, team member and/or employees can be paid in tokens? What are the tax implications? Are equity payments in tokens acceptable?
  • Shall the company include crypto assets on its balance sheet? Is it compulsory to audit the financial statements including crypto assets?
  • Shall the company make its financial statements available to the public?
  • Is the company structure transparent enough to the public (after the sale of utility tokens)?

SPECIAL ADVISORY SERVICES

  • Acceptance of crypto and conversion to fiat (service provided by local business partner);
  • Set-up of corporate vehicles for crypto conversion to FIAT currencies;
  • Set-up of corporate vehicles, trusts and foundations for crypto assets holding;
  • Liaising with banks in various jurisdictions to facilitate account opening procedures for crypto companies.

WANT TO KNOW MORE ABOUT OUR SERVICES ?

Call Us at +852 2110 0990 or send us and email at info@fidinamgw.com.