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First, unless you're 100% certain that this startup is going to be making serious profit from day one this shouldn't be a concern. You are going to need a local
by AlexMuir 16y ago
First, unless you're 100% certain that this startup is going to be making serious profit from day one this shouldn't be a concern. You are going to need a local operating company later anyway, so it might be best to startup normally and then transfer the operating assets over to a tax efficient company later.
Fees for getting a company set up in a 'proper' tax haven can be extortionate. And legal costs soon mount up, along with agent costs etc. Your choice might depend on where you live - it's no good saving Xk on tax if you're wasting X+1k on traveling thousands of miles to do things.
Being based in a tax haven is going to make raising investment difficult - angels in particular will be unable to write off investments against their taxes.
You might do well to look at somewhere like Ireland - stable and reputable but generally low taxes.
Otherwise BVI is probably where I'd look.