92 sats \ 0 replies \ @davidw 6 Jan \ on: Q for founders - how did you decide where to incorporate your company? startups
Not yet launched or 'founded' a product, but for me registering a business here in Uruguay 🇺🇾 is an easy decision for the simple fact that they:
  • have very favourable tax rates (0% on software and 'foreign income')
  • very light touch paperwork and very unlikely to be audited
  • make it easy to become a temporary/permanent resident as a secondary benefit
  • small country with just 3.5m people, so very easy to build network and contacts
  • other business owners talk of being treated like a customer, not a cow
  • are punching-above their weight in the tech & AI industry
  • zero interest in regulating, taxing or tracking Bitcoin currently
  • great diversification strategy, outside of increasingly uncompetitive Western countries - like mentioned inside this recent SN post
  • was mentioned inside the Sovereign Individual 🤣 (my bible these days) as a likely favourable jurisdiction

Learn More
  • I wrote about Uruguay in much more detail here on SN, including such tax benefits, for those interested.
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