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Collect legal content necessary for registration portal release #9

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opened 2025-07-08 19:29:52 +00:00 by timur · 4 comments
timur commented 2025-07-08 19:29:52 +00:00
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We need to collect terms, registration requirements etc from Matthew and Chris to proceed with publishing registration portal.

We need to collect terms, registration requirements etc from Matthew and Chris to proceed with publishing registration portal.
timur self-assigned this 2025-07-08 19:29:52 +00:00
timur added this to the Zanzibar Digital Freezone project 2025-07-08 19:29:52 +00:00
timur commented 2025-07-08 19:30:18 +00:00
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received ToC: https://docs.google.com/document/d/1UaXnObL5nJSNHTEJ1l3VXv6tPk7XTyAR/edit?rtpof=true&sd=true

received ToC: https://docs.google.com/document/d/1UaXnObL5nJSNHTEJ1l3VXv6tPk7XTyAR/edit?rtpof=true&sd=true
timur commented 2025-07-08 19:30:52 +00:00
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Received:

Proposal types

  • Special Resolution (75%)
  • Ordinary Resolution (51%)
  • Board Resolution (51%
  • Member Proposal (51%

All need to be auto filed in the entity records whether or not they pass (indicate pass/fail)

Special (only)

  • dropdown list based on incorp docs (to be collected)
  • we’ll create std format / procedure since these will be filed with Regulator
  • needs to be auto sent to Regulator if passed

List of Incorporation Doc templates (to be collected)

  • Memo of Association (all)
  • Articles of Association (corps)
  • Bylaws (coops)
Received: Proposal types - Special Resolution (75%) - Ordinary Resolution (51%) - Board Resolution (51% - Member Proposal (51% All need to be auto filed in the entity records whether or not they pass (indicate pass/fail) Special (only) - dropdown list based on incorp docs (to be collected) - we’ll create std format / procedure since these will be filed with Regulator - needs to be auto sent to Regulator if passed List of Incorporation Doc templates (to be collected) - Memo of Association (all) - Articles of Association (corps) - Bylaws (coops)
timur commented 2025-07-08 19:31:20 +00:00
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Revenue Types

  • Product sale
    -Service sale
  • Asset sale
  • Misc income - (can write in?)
  • commissions
  • Funding (no tax)
  • Capital Gain (no tax)

Expenses types

Cost of Goods Sold

  • Materials or inventory
  • Third-party software
  • Payment processing fees
  • Hosting and infrastructure

Operations

  • compensation and benefits
  • Contractor fees
  • Office expenses
  • Advertising and media
  • Marketing
  • Sales commissions
  • travel and entertainment
  • Research & Development

Other Expenses

  • ZFZ Fees
  • Taxes
  • Insurance
  • Depreciation and amortization
  • Foreign exchange losses
  • Bank fees
  • One-time charges (can write in?)

Taxes are calculated as 5% of net income earned in Zone (revenue - expenses) for all companies, coops, and residents not based in Znz

Residents based in Znz tax rate is 15% on net income earned in zone (we must have a way for residents to “declare as Znz resident for tax purposes” on their profile which changes their tax rate when checked)

If a Co is labeled as a Venture (we designate this title), then 0% tax for 10 years.

...

Necessary for accounting page functionality

...Dont sign tax report by deadline or don’t pay taxes by deadline can freeze account except min functions to sign/pay

Digital Residents (abilities)

  • can hold digital assets
  • Can be a shareholder and vote
  • Can transfer shares
  • Can buy goods services
  • Can buy shares / assets off exchange
  • Can ReSell assets purchased on exchange or imported

Cannot sell goods and services (co only)

Revenue Types - Product sale -Service sale - Asset sale - Misc income - (can write in?) - commissions - Funding (no tax) - Capital Gain (no tax) Expenses types Cost of Goods Sold - Materials or inventory - Third-party software - Payment processing fees - Hosting and infrastructure Operations - compensation and benefits - Contractor fees - Office expenses - Advertising and media - Marketing - Sales commissions - travel and entertainment - Research & Development Other Expenses - ZFZ Fees - Taxes - Insurance - Depreciation and amortization - Foreign exchange losses - Bank fees - One-time charges (can write in?) Taxes are calculated as 5% of net income earned in Zone (revenue - expenses) for all companies, coops, and residents not based in Znz Residents based in Znz tax rate is 15% on net income earned in zone (we must have a way for residents to “declare as Znz resident for tax purposes” on their profile which changes their tax rate when checked) If a Co is labeled as a Venture (we designate this title), then 0% tax for 10 years. ... Necessary for accounting page functionality ...Dont sign tax report by deadline or don’t pay taxes by deadline can freeze account except min functions to sign/pay Digital Residents (abilities) - can hold digital assets - Can be a shareholder and vote - Can transfer shares - Can buy goods services - Can buy shares / assets off exchange - Can ReSell assets purchased on exchange or imported Cannot sell goods and services (co only)
timur commented 2025-07-08 21:04:24 +00:00
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implemented for payment: 525685cce4

implemented for payment: https://git.ourworld.tf/herocode/rhailib/commit/525685cce4f20f792e05dfeb51b80a168d10c15e
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Reference: herocode/freezone#9
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