The reason for this is Indonesian Law did not allow company to be held by one person only, doesn't matter how much you pay or set up, there will be no room at all for any company to be held by one person, since its a branch of AMFEIX it should not be a problem who is the owner of the branch as long as AMFEIX central issued a legal appointment. The 1st observation is answered by itself, we just obey the rules of Indonesia with no any side agenda or whatsoever. AMFEIX didn't change the registration from UAE we have both and will have more in the future such as AMFEIX Malta. So there has been no change in registration as both are still valid.
It doesn't matter what language the registration is in as long as its regulated (which it is) it shouldn't matter.
Again, this is how Indonesian regulation works, you can't really argue about it actually, the way the government handles things is different, with that capital we can legally do business with any amount of money, we are obeying the Indonesian rule. If for the company deposits we had to pay more we would, but if that amount of paid up capital is enough for us to do business why do we have to put more when we don't get any more benefit from it.
The important thing is we work with btc capital not fiat, and in Indonesia we still don't have any legal paperwork to do business with btc capital, as we continue our business, AMFEIX is on process negotiation with several official government and religious organisations in order to get more legal protection and sense of security for our investors. Due to local regulation that will take time and the right partner to do so. Even for the local company to get approved by OJK takes quite some time and effort to do so, AMFEIX is in the process as we speak.
At AMFEIX we've never compelled people to deposit capital, we are trying to get all the documents and licenses ready at the earliest time possible, but during due time it is investor's self policy to deposit capital or not, we give a lot of proof of work unlike many of the other companies, we are happy to support the decision made by our prospective investors.
Our traders will be made public this month to further improve our transparency. We have done a fund audit which we have seen very few to no other crypto companies do successfully this is very important as this proves all trades are actually being made and increases investor confidence. All BTC managed by AMFEIX has been proven and shown to investors.
We are waiting and preparing our company to have more legal protection than we will announce the credentials for the owner of the company. AMFEIX is ready to reveal everything, when the time is right, and it is needed going to do so. As for how we invest we have shown more transparency than any other company and will continue to do so. AMFEIX is going to be here as one of the leading crypto companies in the near future, we will continue to strive in that path.
RE: AMFEIX - The First Blockchain Fund Built On Smart Contracts