My (totally unqualified) opinion: corporate and individual tax rates don't tell the entire story. If you are making a high-risk venture, you are best served to

My (totally unqualified) opinion: corporate and individual tax rates don't tell the entire story. If you are making a high-risk venture, you are best served to do it in a place in which there are lots of other people making risky ventures, so that the risks you take will be proportionately rewarded. This means any business culture that inordinately stigmatizes failure and bankruptcy is one to avoid. It's hard to tell whether the location you're considering has such a culture, but warning signs should include an ossified bureaucracy, restrictive startup thresholds, and a workforce that doesn't switch careers a lot. My gut instinct is that you should avoid India, China, and Japan. I would go for South Korea.