Delaware seems to be a common place for people to incorporate startups but I don't have understanding of the tradeoffs incorporating in different places.
My understanding of incorporating is that Delaware is great for:
- investment rounds
- no corporate tax if revenue is not generated in Delaware but there is a franchise tax (not sure how much?)
Context: We are receiving our first significant revenue the following month so we do need to incorporate, not sure what factors should influence our decision other than ease of getting funding and tax-efficiency?
We are based in Singapore.
I have did some research and the information I have so far at some great(?) places to incorporate are:
United States, Canada, Singapore or the Cayman Islands
Ref:
https://www.ycombinator.com/faq
https://www.ycombinator.com/documents
My understanding of incorporating is that Delaware is great for:
- investment rounds
- no corporate tax if revenue is not generated in Delaware but there is a franchise tax (not sure how much?)
Context: We are receiving our first significant revenue the following month so we do need to incorporate, not sure what factors should influence our decision other than ease of getting funding and tax-efficiency?
We are based in Singapore.
I have did some research and the information I have so far at some great(?) places to incorporate are: United States, Canada, Singapore or the Cayman Islands
Ref:
https://www.ycombinator.com/faq
https://www.ycombinator.com/documents