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British Virgin Islands DeFi Protocol for German founders
Setting up a defi protocol in British Virgin Islands as a German founder is a three-variable problem: the British Virgin Islands entity, the defi protocol regulatory profile, and the home-country exposure of the UBO.
British Virgin Islands entity
Economic Substance Act 2018 — relevant activities must demonstrate substance
DeFi Protocol considerations
Permissionless on-chain protocol with treasury and governance.
German UBO exposure
AStG add-back taxation, exit tax on >1% holdings, substance critical.
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