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Entrepreneurs plan to anchor a floating tech startup incubator in international waters outside Silicon Valley next year.

The venture, Blueseed, at blueseed.co, would allow foreign techies to legally work on the vessel, near Silicon Valley, without work visas that can be hard — or impossible — to obtain.

Blueseed would be anchored 12 nautical miles from the valley. That's 13.8 land miles, and just far enough to be outside U.S. territorial waters and thus subject only to the fiscal and immigration laws of the countries whose flags the vessel flies, says Blueseed co-founder and president Dario Mutabdzija.

To read the full, original article click on this link: Blueseed Aims To Let Foreign Entrepreneurs Set Up Shop Near Silicon Valley, Without Visas - Investors.com