The DeHedge open Pre-Sale has started. One of the most important tasks of the Pre-Sale is obtaining RegD, a special document issued by the US Securities Commission, but there are several more goals. A comment by the head of the Legal Service, Maria Andrianova:
“We need to do a lot of things, besides RegD. Firstly, it is the creation of a working group of legal entities with division of responsibility and functionality, under the presence of existing directors. Depending on the selected jurisdictions and the required number of legal entities, the cost of creating such a group can be very significant. We have “expensive” jurisdictions in our group. That is the UK and the Isle of Man. We have real directors who receive wages at average median rates that operate on the territories of the selected jurisdictions. The opening of bank accounts is also required, OPEX is also significant as our work requires highly qualified specialists. Our structure cost us more than 100,000 US dollars.
The best legal advisers of the market and the best risk specialists are working for us. Just consultations on the establishment of the structure and the procedure for Regulation D in the USA, the countries of Asia and Canada cost us about $150,000, and this is because we are sensible about money and we always conduct tender procedures when selecting contractors.”
