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Registration of an IT company
Today, the IT sector conquers the global market. Tech companies bring in huge revenues and expand their horizons of influence more and more. IT business has reached a whole new level in recent years and has become the most desired activity in the world.
Given this rapid trend in technology and innovation, countries are increasingly trying to attract digital nomads by providing them with investment opportunities, reduced taxation and a comfortable business climate. The lack of physical binding of an IT company to any country allows you to conduct international business, paying taxes where they are most optimized, be it an offshore or a low-tax European country.
- tax incentives for the IT category;
- access to international markets;
- access to foreign investments;
- protection of intellectual property;
- access to the world's leading banks and payment systems;
- special banking offers for the IT sector;
- currency corporate accounts for payment of wages;
- remote management of the company;
- work in virtual IT zones;
- internationally qualified personnel;
- access to advanced innovations and technologies.
Creating an IT company abroad allows you to count on long-term and promising activities. This type of business in many advanced countries is supported at the state level by the development of regular incentives or technological programs, and the banking sector considers serving such clients as a priority. The main criterion for launching an IT startup is the selection of jurisdiction.
The United Kingdom is the technological center of Europe. The world's conglomerates and investors are concentrated here, ready to invest in promising IT areas. The UK is the second in the world in the development of startups, has its own technology hub Tech City, attracts Fintech businesses from all over the world, provides start-up visas and investment grants. The term for establishing a company is from 4 days, taxation is 19%-25%. A corporate account is opened in the UK payment system. All procedures are remote.
USA - one of the most developed countries in the world. Creating an IT business is popular in Delaware due to the lack of taxation (subject to conditions) and in the global technology center of Silicon Valley (California). USA opens up access to global investments, financial markets and unlimited work with the dollar. The term for opening a company is from 7 days, taxation depends on the state. A business account is opened in the American payment system. Opening a company and an account takes place remotely.
Cyprus - favorable conditions for the IT area. There is a special tax regime for developers of IP-Box intellectual property, which allows to reduce income tax from 15% to 3%. The island is now actively developing the IT direction, attracting investors, issuing start-up visas and is ideal for opening a European office. Company registration period - from 3-4 weeks, taxation – 15%. A corporate account is opened in a сypriot bank or payment system. All procedures are online.
Estonia - European prestige and zero taxation, this is what is available for IT business in this country. Non-residents also have access to government investment programs, start-up visas and the opportunity to obtain a residence permit or e-resident status. Ideal for remote work. The term for establishing a company is from 7 days, the tax on retained earnings is 0%. The account for the company is opened in the English payment system. Opening a company and an account does not require visiting the country.
With the help of our lawyers, you can not only choose the best country, but also register an IT company without unnecessary bureaucracy, remotely open a business account in a bank or payment system, and not worry about further annual legal services. Azola offers a comprehensive approach to registering an IT business abroad, covering every stage of its creation.