Well, we incorporated in India and continue here. Our seed fund was led by an American entity, with Indian funds participating. So, I think investments is a red

Well, we incorporated in India and continue here. Our seed fund was led by an American entity, with Indian funds participating. So, I think investments is a red herring. There's enough capital here irrespective of where you go. Considering that all three destinations are similar in their tax structure, I think the most useful explanation is what lots of others are saying - a stable environment. Indian laws can be quite fickle as you probably know, and I mean, Dubai _is_ a monarchy at the end of the day, so it depends on one man / one family. Singapore seems like it should work, so I don't know why more startups aren't incorporated there. The second reason of having mostly US clientele is also reasonable. Definitely tax implications that way too. But another, possible THE biggest one, is just that the perception of the US and especially Delaware as THE startup destination. Incorporating in the US might be a subtle status symbol for many...