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Cayman Islands, really? I thought it's a huge read flag for banks, IRS and other agencies, so VCs, including YC, would avoid it. Maybe I'm wrong as I'm not an e
by splix 3y ago
Cayman Islands, really? I thought it's a huge read flag for banks, IRS and other agencies, so VCs, including YC, would avoid it. Maybe I'm wrong as I'm not an expert, so can you please tell more?
Also, you didn't mention EU and UK. Does it mean that YC would prefer Singapore to a EU/UK startup?
- alephnerd 3y agoCayman Islands to Marutius to India was a common route [0]. Also there is a lot of FDI that is brought via the Caymans into India. Btw, YC lists Caymans as one of the handful of jurisdictions it will support investing in [1]. I dealt with it some time back when I was helping companies choose between YC and Sequoia Surge. [0] - https://medium.com/paper-blog/who-owns-sequoia-capital-in-india-and-other-musings-around-obfuscation-db1e84e4954a https://medium.com/paper-blog/who-owns-sequoia-capital-in-in... [1] - https://www.ycombinator.com/faq https://www.ycombinator.com/faq
- splix 3y agoOh, I see. Thank you for the links. So, UK/EU are not accepted by YC, that's really surprising considering that Caymans are perfectly fine.
- alephnerd 3y agoCayman Islands is a member of the UK.
- splix 3y agoBut it's not the UK, right? I mean I cannot incorporate in UK and then say it's a Cayman Islands company for YC purposes (i.e., without incorporating another entity to own the first)
- alephnerd 3y agoWhen you incorporate in the "UK" you incorporate in England, Scotland, Wales, Northern Ireland, Jersey, Isle of Mann, etc.