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If you want venture financing. Delaware C Corp. Don't even think of anything else. Use Stripe Atlas. But that's not most businesses. If you don't live in a cou
by eloff 5y ago
If you want venture financing. Delaware C Corp. Don't even think of anything else. Use Stripe Atlas. But that's not most businesses.
If you don't live in a country with CFC rules (not the US) why not Panama? Uses the US dollar and has no taxes on foreign source income. Dividends from companies that earned foreign source income are taxed at 5%. Strong financial services sector that can wire and receive money anywhere in USD.
If you optionally put the company inside a personal foundation you get incredibly strong protection from lawsuits, inheritance taxes, and even divorce.
There is no support from major US payment companies like stripe. So you'll need to handle payments through a foreign company or through a local bank which offers the service (expect to pay more than stripe). I setup an integration over a decade ago (with Multibank), it wasn't too bad, and I'm sure it has improved since then.