Say you want to set up a startup and the founders live in Germany, the US, Australia and Singapore. Your team will be fully remote from day one.
You are looking for a solution where
- the company is fully operational within days or weeks and can be set up without all founders having to come together in person
- day to day business can managed remotely (e.g. together with local tax advisor / lawyer)
- the jurisdiction has a solid good reputation
- the legal frameworks are understood and accepted by US / EU investors and VCs
- complying with all requirements around hiring employees is not too much of a burden
- official language of documents is English
- you have a good framework for rewarding employees with equity
Where would you incorporate and why?
I've looked into the US (obviously..), UK, Cayman (I know YC allows Cayman legal entities), Hong Kong, Cyprus etc. and see at lot of pros and cons for each option.
If you've gone through the process, can you share some insights and whether you'd do it again this way?