[NCUC-DISCUSS] Estonia

[Sonigitu Ekpe]

Dear Tapani,

This is really a good development once properly followed up.
Thank Tapani for the suggestions.

It is time to incorporate NCUC.

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.

Warm regards to the efforts so far.

Sonigitu Ekpe

Mobile +234 805 0232 469    Office + 234 802 751 0179
 "LIFE is all about love and thanksgiving"


On Sun, Nov 8, 2015 at 12:01 PM, Tapani Tarvainen <tapani.tarvainen at effi.org
> wrote:

> [Subject changed]
>
> On Nov 07 23:18, Mueller, Milton L (milton at gatech.edu) wrote:
>
> > Tapani:
> > > I have heard horror stories of US banking system before, but it
> > > did not occur to me it could actually be so bad that you can't
> > > share a bank account with someone in another state.
>
> > I don't think the US is that different from anywhere else in this regard.
>
> From your description it sounds like it is worse than some,
> although there're certainly worse ones, too.
> (Having somewhat international family I've arranged shared
> access to Finnish bank accounts with people in Germany,
> Spain and South Africa, and it's been fairly easy.
> Not as easy as with Estonia though.
> Also, money transfers to USA are surprisingly difficult,
> as US banks still don't use IBAN.)
>
>
> > > It might be worth considering incorporating NCUC in some easier
> > > jurisdiction.
>
> > ;-) this sounds like the IANA debate. These kinds of comments are
> > completely unhelpful unless you know of a specific jurisdiction and
> > one knows a lot about the legal properties of that state and how it
> > differs/is better/is worse than the current one.
>
> Yes. And I did suggest a specific one for a specific reason. :-)
>
> > > What do you think of a non-US jurisdiction for incorporating NCSG, and
> of
> > > Estonia in particular?
>
> > It sounds like a great idea, a transnational corporate identity -
> > you probably know enough about my views to know that I like that.
>
> I thought you would.
>
> > But the devil is in the details. That would have to be explored
> > carefully.
>
> Of course.
>
> > E.g., did you read this?
>
> > "Establishing an Estonian bank account currently requires one
> > in-person meeting at the bank, and is at the sole discretion of our
> > banking partners."
>
> Yes. But after the account is established, it could be handed
> over easily.
>
> E.g., I could drop by in Tallinn to open the bank account,
> you'd get Estonian e-residency, which you can get without
> ever leaving USA, then the account could be transferred
> to you 100% electronically without any paperwork.
> Likewise if we later change Treasurer or choose a backup one
> from, say, South Africa, he or she could get e-residency
> without a need to travel to abroad.
>
> > And this:
>
> > "e-Residency does not automatically establish tax residency. To
> > learn about taxation and to avoid double taxation please consult a
> > tax professional."
>
> Yes. But my understanding is that it is easy for NGOs.
> It'd have to be checked, of course.
>
> > Also, tax-exempt status for donations would be important, so we
> > might still have to get 501 3 C if we wanted to get donations from
> > certain people.
>
> Yes. US donations are important. Likewise a similar status
> in other countries where that is relevant.
>
> > So, my only campaign promise to you is this:
>
> > 1. I will help do the homework. If Estonia e-residency is the best
> > for us, we will do it.
>
> Good.
>
> > 2. On the whole, I am completely uninterested in any symbolic
> > statements about leaving the US for the sake of leaving the US.
>
> Fair enough. I'm happy with that, as long as you conversely
> don't want to stay in the US for the sake of staying in the US. :-)
>
> --
> Tapani Tarvainen
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> Ncuc-discuss at lists.ncuc.org
> http://lists.ncuc.org/cgi-bin/mailman/listinfo/ncuc-discuss
>
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