Ask HN: Best country for startups
If anyone has a startup servicing Asia (China, India, Korea, Japan etc) with online payments please share where you incorporated and why.
If anyone has a startup servicing Asia (China, India, Korea, Japan etc) with online payments please share where you incorporated and why.
In my country (Turkey), a close friend of mine just started a software company and developing software for government organizations. I know the architecture of the software and it is very robust, but he was able to get the offer from our government because of his co-founder,who's not a software developer but an ex-swat officer with "deep" connections.
It's already hard to come up with good software when you're in the startup scene, and trying to get "connections" multiplies the effort you must put into the process. I bet the system is similar in eastern countries such as Russia, China, India etc.
Considering how many hardware companies operate in Taiwan I'm surprised more software & social media hasn't gravitated there as well
i don't know anyone with a startup in Asia, but I can't see starting a company in China being easy.
I'd say Korea most likely has a good infrastructure of a growing tech startup ecosystem. they also have a relatively low corporate tax rate as well as individual rates.
two startups from S. Korea were part of the fbFund I believe.
I would second Singapore, they have a favorable government and stable government, fairly low taxes and they are actively trying to attract non-manufacturing sector companies. It would be one I would look at if I where looking to open an Asian operations. A second would be Australia though often overlooked when looking at Asia it has a fairly start-up friendly business environment.
Also, hear good things about singapore, though it is a bit less freewheeling.
All of this is just what I've heard attempting to research the same question, don't have direct experience.