Which country is best for incorporating a remote software company?
incorporationStartupspolitics
The user is a Chinese software developer wanting to start a business in a democracy and potentially immigrate to Canada or New Zealand. They are considering incorporating a software company remotely from China and are unsure about the best country for incorporation.
Synthesized Answer
Based on 2 community responses
When incorporating a company as a non-resident, it's essential to consider factors such as ease of incorporation, banking, taxation, and potential for future immigration. Estonia's e-Residency program is a popular choice, but banking challenges have been reported. The US is another option, but it may involve more complexity and cost. Canada and New Zealand are also being considered, given the user's immigration goals.
Key Takeaways
Consider the ease of incorporation and banking when choosing a country
Estonia's e-Residency program has had banking issues reported by users
The US is a viable option, but may involve more complexity and cost
Canada and New Zealand are worth considering given the user's immigration goals
Estonia changed the rules recently in regards to handing out VAT ID to non-locals. Not fun at all. Not to mention a SaaS business has extra costs related to accounting and tax.
The best remote options are likely US, Singapore or Hong Kong depending on what you need.