Bitcoin and Lightning accepted here!
The Bangkok investment law firm accepts cryptocurrencies
PUGNATORIUS Ltd. has in recent years pioneered the establishment of cryptocurrencies in Thailand and has assisted a number of companies in entering the digital asset business markets. This includes accepting Bitcoin as a means of payment even though it is not legal tender.
All professional fees, governmental costs, and other expenses paid to PUGNATORIUS Ltd. can be made in Bitcoin (and stablecoins). No surcharges or transaction fees are charged. A regular receipt and tax invoice will be provided for each and every payment, without a reference to Bitcoin or another alternative currency or token. The QR Code and Bitcoin key for digital transfers to PUGNATORIUS are available on request.
Bitcoin’s Lightning network
While Bitcoin has been established itself as a store of value, its capabilities as a day-to-day payment system are limited. However, the new Lightning Network adds another layer to Bitcoin’s blockchain and enables users to create payment channels between any parties on that extra layer.
Bitcoin payments through the Lightning network are accomplished within milliseconds and not shown on the blockchain. Therefore, they remain private and anonymous. While Bitcoin payments on the blockchain have a capability of seven transactions per second (tps), lightning is capable of millions to billions of tps across the network. The Lightning channel can be opened with any amount of bitcoin, and for a prolonged amount of time, theoretically forever.
Fees: Due to its exceptionally low fees, Lightning payments allow instant micropayments. However, its anonymity and speed can be utilized for high-value payments as well. This will result soon in a fully-fledged alternative to currently existing payment systems,
PUGNATORIUS Ltd. accepts payments by Lightning. Details are available on request.
Professional services in Thailand’s crypto and digital payment token sectors
PUGNATORIUS Ltd. provides legal and tax support for the introduction of Bitcoin into the business model and payment transactions. The Bangkok law firm advises clients regarding the regulatory requirements and effective solutions to finance foreign direct investments in Thailand through cryptocurrencies. Alternative currencies can be utilized to replace traditional finance structures, lower transaction costs, and to avoid legal hurdles and limitations abroad.
The Bangkok law firm is frequently involved in new sectors of Thailand’s FinTech industries and has a wealth of professional experience and expertise in the corporate and tax structuring of cryptoinvestments in the Land of Smile. Also, it is assigned as ICO advisor abroad. For foreign investors, PUGNATORIUS is an informed and educated contact partner for a wide scope of foreign investment schemes and structures and the underlying tax implications.
Due to its territorial tax system, Thailand has particular advantages that can be utilized with the help of Bitcoin. This makes it interesting to consider cross-border cryptocurrency businesses by foreign investors. The law firm advises on Bitcoin taxation and can offer a tax-efficient structuring of the crypto venture in Thailand.
PUGNATORIUS Ltd. offers mainly these seven legal and tax services: (i) Thai crypto-compliant company formations, (ii) regulatory-avoiding and tax-efficient cross-border structuring, (iii) digital asset and financial services licensing, (iv) Blockchain, ICO/STO, defi, and tokenization advisory services, (v) Thai and cross-border tax structuring, and (vi) crypto-transaction support services, and (vii) legal opinions and professional statements. Details can be found at “Legal advice, tax structuring, transaction support services and business matchmaking on Fintech, cryptocurrency and digital asset ventures“.