What should be considered when choosing a country for registering an IT company?
Taxation
income tax rate
tax on dividends and royalties
income tax on employees’ salaries
existence of VAT on IT services
social fees and contributionsCompany incorporation conditions
the possibility of online incorporation
requirements for founders
the minimum amount of the authorized capital
availability of real, local offices, employees, and partnersCorporate management of the company
necessity to appoint a director
actual economic presence (substance): control and management of the company in the country of registration
the decision-making process in the companyAccounting and financial reporting
annual audits
currency control
financial monitoring
banking complianceSpecial conditions for IT business and benefits
tax holidays
reduced or zero VAT rates
special tax regimes: IP-Box in Belgium, Hungary, the UK, Cyprus, Lithuania, Ireland, the Netherlands, Spain, France, and other countries; Patent Box in Switzerland and the UK
tax incentives for IT startups
revocable and irrevocable financing of the IT sectorDoing business after opening an IT company
location of clients
financial and business reputation of the country of IT company incorporation
the ability to conduct business online: a developed system of state online portals
attraction of investments: IPO, ICO, business angels and other sources of external financing
efficiency of legal protection: the availability of specialized courts and the speed of enforcement of judgments