Any business that qualifies as a QOZB may operate and receive OZ investment. This includes meeting all the tests as to operation in an OZ as well as the type and percentage of assets held.
Ask A Question
How can I combine artificial intelligence and blockchain technology while investing in Opportunity Zones?
Are there any special rules on these investments? How can I use the OZ tax incentive if I want to invest in these areas?
Answers
You can use OZs to invest here, but you need to set up shop physically in an OZ somehow. Intangibles are OK in QOZBs if they're used in the QOZB's trade or business, so that part should be fine, but you will need tangible property and a base of operations actually located in an OZ to pull this off.
Opportunity Zone presents tax benefits for creating businesses/real estate improvements within an Opportunity Zone using capital gains. If you have blockchain capital gains you can invest them in an Opportunity Zone.
DISCLAIMER:the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal and financial experts prior to participating in any aspect relating to Opportunity Zones. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public; do not include confidential information in your question.