Walnut Creek, CA asked in Banking, Business Law, Consumer Law and Securities Law for California

Q: California Securities Law Question: I am the sole shareholder of a British Virgin Island Corp that sells Crypto

The ceo, is a US citizen and resides in California; the BVI Corp will get registered in California as a foreign business; the business was incorporated in BVI and we DO NOT SELL Tokens to citizens from USA, CHINA or CANADA. Would this startup still be in violation of any USA securities law if we are only selling to foreign nationals?

CEO resides in California;

Company will pay taxes in California and federally;

Business incorporated in BVI;

BVI Business registered with Secretary of State in California;

Business does not sell tokens to nationals from USA, China or Canada

Thank you from the ceo

1 Lawyer Answer
William John Light
William John Light
  • Riverside, CA
  • Licensed in California

A: This is a complex question which is not suitable for a quick and free response on an anonymous internet forum. Hire a securities/tax attorney for a full analysis.

Robert Philip Cogan agrees with this answer

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