I’m currently living in Portugal and want to start a company for an app which I expect to have customers worldwide.

I know people can create a company in other countries to the one they currently live in order to get various benefits like lower tax. For example I’ve seen many posts about Delaware or Estonia. But what are the criteria for doing so generally? Do you need to have clients in that country, or do you need to be operating the business from that country (so I would need a cofounder is living in US for instance)?

And could Portugal have their own laws which need to be considered to with regards to this?

  • NetworkTrendBEnglish
    1·
    1 year ago

    Legislation such as GDPR, CCPA, and VCDPA grants users the right to control how data is collected about them by apps and websites. As a result, you must obtain users’ consent before they store, retrieve, or use data stored on individual devices. Basically you have to meet the lowest common denominator.

    • Illustrious-Reading4OPBEnglish
      1·
      1 year ago

      I don’t see how this relates to my question though…I didn’t ask about user consent for storing data

      • NetworkTrendBEnglish
        1·
        1 year ago

        Apologies if I didn’t interpret the question as you wanted. The headline says what are the country criteria. There’s all sorts of criteria including financial reporting, data privacy, trademark laws, taxes, etc. I chimed in with my knowledge that I thought would be helpful.