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-- US global entrepreneurs are facing major hurdles when it comes to obtaining the work Visa but one startup has a new idea to keep these high skilled immigrants from sailing -- to other -- starting businesses there.
Max Marty is the CEO and co-founder of a company called.
Okay this is like the Love Boat for entrepreneurs and this is amazing to me the story so we weren't looking at this and -- get this guy on first explain to our viewers.
What your concept in this.
So we're creating a channel through which -- entrepreneurs can come and -- -- companies -- here in Silicon -- -- right outside Silicon Valley.
And and then be able to move their companies into Silicon Valley proper when they're large enough that so it's Kate.
Visa free startup technology incubator that's gonna be on a ship twelve miles off the coast of the San Francisco Bay Area.
Well it's it sounds wild but sometimes wild plants come true how far along are you on developing -- So we've gotten to we've gotten some investors and Peter TO does decide to lead our seed funding round.
It's a 500000 dollars seed funding round and he's certainly gonna be -- that he's gonna be a principal -- and that's.
And so gonna take us about another year year and a half -- -- we can be actually launching the vessel itself but -- things are looking pretty good.
-- -- we should let our viewers have appeared feel as one of the top venture capitalists out there so if he gives you would not with his wallet that's certainly something that that might be.
Supporting -- a great idea how will it work how would you make sure that the people who are on this boat are able to do it and how -- Create businesses.
-- floating around twelve miles off the shore of San Francisco.
So that -- create the businesses by so we're gonna we're gonna have an environment on board that we're calling the Googleplex of the C.
So it's going to be a place that's designed to inspire innovation creativity and and really enable -- success of these startups.
And so -- people will come in to to the US on business and tourist travel fees as.
Though Cummins San Francisco international get -- a -- and go out to the ship.
And that's where they'll be living and working.
On their startups.
Once the company is large enough that -- -- about grows our facility is.
All their connections all -- investors says -- the parties that they go to on the weekends will be here in Silicon Valley so the -- -- -- right on and.
All right the legality of all it's not only in terms of immigration laws but also in terms of tax laws even if you're not make good money here.
You sometimes have to pay taxes here -- what are the legal implications of lawless.
So this'll be like so it's -- -- so for individuals.
The US government for example if -- a US citizen you get you get tax no matter where you are in the world.
But tough for the companies that -- or they can be incorporated and various jurisdictions so they could be incorporated and now.
Here in the US it to be incorporated in Delaware and and then would be would be paying US taxes or they could be incorporated in other parts of the world.
Once they move into Silicon Valley proper they'll have says they'll have to figure that out but you know that that's up to them and their tax attorneys mart Max Marty from blue seed is CEO.
You're the CEO thank -- are good to see appreciate it.
Thanks thanks for having me on per.
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