2 ms·
I've managed corps in a lot of different jurisdictions. Delaware is good because: a) it's well understood by almost everyone, b) there's very light regulation
by cm277 3y ago
I've managed corps in a lot of different jurisdictions. Delaware is good because: a) it's well understood by almost everyone, b) there's very light regulation and accounting standards are loose, c) cost is reasonable for what you get. Where Delaware sucks is that a) you have to deal with the IRS (much better if you're not a US citizen, but not zero), b) you have to deal with the rusty dinosaur that is the US banking system, esp. when it comes to international transactions, c) if at any time you need proper accounting or legal help your costs will be basically 10x of wherever else in the world.
Other jurisdictions (Cyprus, UAE) will get you much better banking systems, much cheaper professional services (which also goes to cost of doing business, dont just get stuck on taxes) but maybe weirder regulations and tougher treatment from investors/partners.
My advice: focus on where your customers and partners are. If that's the US, keep using Delaware, the extra risk is worth it. If they are all over the place, find what the 'good' jurisdictions are for larger businesses near where you live and spend your time/money. Eventually you will need to use your money; piggy back off the research of others.