408 sats \ 4 replies \ @Rsync25 29 Dec 2023 \ on: Q for founders - how did you decide where to incorporate your company? startups
- 0 tax on Bitcoin winnings, i.e. liquidation.
- Incentive for open source
- Low cost in hiring people to work in the company (labor charges if applicable)
I think that founders can "diversify" risk across several jurisdictions instead of just one, because Governments by nature are unstable and can change laws according to their wishes
How would you diversify risk across several jurisdictions, the parent company is still tied to one specific jurisdiction?
Of course you can have subsidiaries in jurisdictions favorable to for example bitcoin and do all your handling of bitcoin there but that is a lot of overhead for a early stage company
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How would you diversify risk across several jurisdictions, the parent company is still tied to one specific jurisdiction?
Parent company and subsidiaries
that is a lot of overhead for a early stage company
Yes, I agree with you on this part. With this, founders can choose a good jurisdiction and later, when they are large companies, open subsidiaries or controlling companies in friendly jurisdictions.
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my feeling is (also the reason why i posted this question) is that we as an industry are not optimizing enough for jurisdictional arbitrage, while at the same time its a huge mental burden to also figure out all of this while also trying to build a company/product
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we as an industry are not optimizing enough for jurisdictional arbitrage, while at the same time its a huge mental burden to also figure out all of this while also trying to build a company/product
That's point.
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