06/11/2023
Which jurisdiction should a startup choose?🚀
In fact, only you can answer this question. There are many factors: field of activity, primary investment, development plan for the near future, etc.
The type of your business📂
If you are starting a brokerage business, we can recommend jurisdictions such as Australia ASIC AR, Mauritius, Vanuatu, Belize, Seychelles, MSB Canada.
If you are starting out in the gambling industry🕹️, you can choose between Curacao, Malta or Costa Rica (recommended for casinos).
If you need a financial license💳, you need to get an EMI. It is best to obtain a banking license in the Bahamas.
Client locations📍🌍
If you want to work in the American market, you need to obtain a license separately in each state, according to the law. If your clients are Europeans, then Australia ASIC AR, Mauritius, Vanuatu will suit you.
Prestigiousness🔝
Do you want to be a regulated or unregulated broker? If you do not want to obtain a brokerage license, you can open a company in Saint Lucia or St. Vincent and the Grenadines and start brokering immediately. But these are not prestigious jurisdictions. It is unlikely that you will build "good name" on this right away. There is a risk that your activity may be considered a "scam"🥴
The size of the authorized capital and taxation💵
In Mauritius, you need to contribute an authorized capital of 25-30k USD. But the tax is 3%.Therefore, this jurisdiction is suitable for those who are just starting their brokerage activities or do not plan large turnovers.
If you have (or are planning) a fast-growing business, then it is better for you to get a license in Vanuatu, where the authorized capital is about 50k USD, but at the same time 0% tax rate.
Timing⏳
It is possible to obtain a license in the period from 3 months to 1 year.
If you need a personal consultation, call or write us!📨
