<div dir="ltr"><div><div><div>Dear Tapani,<br></div><div><br>This is really a good development once properly followed up.<br></div>Thank Tapani for the suggestions.<br><br></div>It is time to incorporate NCUC.<br><br></div><div>I support Prof Milton as NA -EC, he will surely assist in the process and we could immediately look at amending or reviewing the bye-laws to suit the time.<br></div><div><br></div>Warm regards to the efforts so far.<br></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature"><div dir="ltr">Sonigitu Ekpe <br><br>Mobile +234 805 0232 469 Office + 234 802 751 0179 <br> "LIFE is all about love and thanksgiving" <br><br></div></div></div>
<br><div class="gmail_quote">On Sun, Nov 8, 2015 at 12:01 PM, Tapani Tarvainen <span dir="ltr"><<a href="mailto:tapani.tarvainen@effi.org" target="_blank">tapani.tarvainen@effi.org</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">[Subject changed]<br>
<br>
On Nov 07 23:18, Mueller, Milton L (<a href="mailto:milton@gatech.edu">milton@gatech.edu</a>) wrote:<br>
<br>
> Tapani:<br>
> > I have heard horror stories of US banking system before, but it<br>
> > did not occur to me it could actually be so bad that you can't<br>
> > share a bank account with someone in another state.<br>
<br>
> I don't think the US is that different from anywhere else in this regard.<br>
<br>
>From your description it sounds like it is worse than some,<br>
although there're certainly worse ones, too.<br>
(Having somewhat international family I've arranged shared<br>
access to Finnish bank accounts with people in Germany,<br>
Spain and South Africa, and it's been fairly easy.<br>
Not as easy as with Estonia though.<br>
Also, money transfers to USA are surprisingly difficult,<br>
as US banks still don't use IBAN.)<br>
<br>
<br>
> > It might be worth considering incorporating NCUC in some easier<br>
> > jurisdiction.<br>
<br>
> ;-) this sounds like the IANA debate. These kinds of comments are<br>
> completely unhelpful unless you know of a specific jurisdiction and<br>
> one knows a lot about the legal properties of that state and how it<br>
> differs/is better/is worse than the current one.<br>
<br>
Yes. And I did suggest a specific one for a specific reason. :-)<br>
<br>
> > What do you think of a non-US jurisdiction for incorporating NCSG, and of<br>
> > Estonia in particular?<br>
<br>
> It sounds like a great idea, a transnational corporate identity -<br>
> you probably know enough about my views to know that I like that.<br>
<br>
I thought you would.<br>
<br>
> But the devil is in the details. That would have to be explored<br>
> carefully.<br>
<br>
Of course.<br>
<br>
> E.g., did you read this?<br>
<br>
> "Establishing an Estonian bank account currently requires one<br>
> in-person meeting at the bank, and is at the sole discretion of our<br>
> banking partners."<br>
<br>
Yes. But after the account is established, it could be handed<br>
over easily.<br>
<br>
E.g., I could drop by in Tallinn to open the bank account,<br>
you'd get Estonian e-residency, which you can get without<br>
ever leaving USA, then the account could be transferred<br>
to you 100% electronically without any paperwork.<br>
Likewise if we later change Treasurer or choose a backup one<br>
from, say, South Africa, he or she could get e-residency<br>
without a need to travel to abroad.<br>
<br>
> And this:<br>
<br>
> "e-Residency does not automatically establish tax residency. To<br>
> learn about taxation and to avoid double taxation please consult a<br>
> tax professional."<br>
<br>
Yes. But my understanding is that it is easy for NGOs.<br>
It'd have to be checked, of course.<br>
<br>
> Also, tax-exempt status for donations would be important, so we<br>
> might still have to get 501 3 C if we wanted to get donations from<br>
> certain people.<br>
<br>
Yes. US donations are important. Likewise a similar status<br>
in other countries where that is relevant.<br>
<br>
> So, my only campaign promise to you is this:<br>
<br>
> 1. I will help do the homework. If Estonia e-residency is the best<br>
> for us, we will do it.<br>
<br>
Good.<br>
<br>
> 2. On the whole, I am completely uninterested in any symbolic<br>
> statements about leaving the US for the sake of leaving the US.<br>
<br>
Fair enough. I'm happy with that, as long as you conversely<br>
don't want to stay in the US for the sake of staying in the US. :-)<br>
<span class="HOEnZb"><font color="#888888"><br>
--<br>
Tapani Tarvainen<br>
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