Question Best country to launch a business

[Rome]

Hey,
I'm looking to start a cloud hosting business.
I'm considering Netherlands, Paraguay, Singapore, BVI and Hong Kong.

It will be a legally compliant hosting service. One of the accepted payment methods will be cryptocurrency
Which country would be the obvious choice in terms of tax, reputation and banking considering the following?

1) Business nature (Cloud hosting)
2) Non-resident company owners
3) Accepts crypto and traditional payment methods

 

[Sols]

Based on the conditions mentioned: Hong Kong, then Singapore, then Netherlands, then BVI.

Hong Kong still doesn't have much in terms of substance requirements, the tax system is quite clear and easy, and it's broadly accepted by PSPs and EMIs/fintechs. You'll run into issues having no presence in Hong Kong, but that's the same for all of then.

Singapore is second only because of the local director requirement. It's a mixed blessing. Some like it, some don't. It has pros and cons.

I'd pick Cyprus or Malta nine times out of ten if setting up a non-resident owned/managed EU company, but Netherlands can work. Bureaucracy is a little complicated which drives up costs. Not the best for taxes, but there may be ways to optimize that depending on your situation.

BVI has substance requirements that can be a bit much, especially if you plan to run a commercial activity but don't have the resources to hire your own management in BVI. Access to banking and PSPs is limited and often requires a subsidiary in for example UK or EU.

I wouldn't consider Paraguay, unless you have strong ties to the country.

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This is the probably the answer to your question.

 

[Rome]

Sols said:
Based on the conditions mentioned: Hong Kong, then Singapore, then Netherlands, then BVI.

Hong Kong still doesn't have much in terms of substance requirements, the tax system is quite clear and easy, and it's broadly accepted by PSPs and EMIs/fintechs. You'll run into issues having no presence in Hong Kong, but that's the same for all of then.

Singapore is second only because of the local director requirement. It's a mixed blessing. Some like it, some don't. It has pros and cons.

I'd pick Cyprus or Malta nine times out of ten if setting up a non-resident owned/managed EU company, but Netherlands can work. Bureaucracy is a little complicated which drives up costs. Not the best for taxes, but there may be ways to optimize that depending on your situation.

BVI has substance requirements that can be a bit much, especially if you plan to run a commercial activity but don't have the resources to hire your own management in BVI. Access to banking and PSPs is limited and often requires a subsidiary in for example UK or EU.

I wouldn't consider Paraguay, unless you have strong ties to the country.
Click to expand...

Reputation wise, how would you rank them? From the shoes of a compliance officer at a bank or a country's golden visa program

 

[kilor]

Cyprus + cyprus banking + coingate can work fine for your business.

 

[Sols]

Rome said:
Reputation wise, how would you rank them? From the shoes of a compliance officer at a bank or a country's golden visa program
Click to expand...

1. Singapore and Netherlands
2. Hong Kong (very close second, but has taken a reputation hit in the west from the Chinese influence)
3. BVI
219. Paraguay

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This is the probably the answer to your question.