Opening of an outsourcing IT company

In today’s world, where globalization is becoming an integral part of entrepreneurship, opening an outsourcing IT company abroad can be a promising option for those looking for new opportunities.

Choosing the right jurisdiction is a key stage in the process of creating a successful business.

Therefore, in the course of solving this question, you need to consider some factors that should be taken into account when choosing a jurisdiction for your IT outsourcing company.

Some of the main points to pay attention to are the following:

• Tax burden on business. One of the most important aspects of choosing a jurisdiction is the tax system of the country of company registration. It will not be amiss to explore the various options such as income tax, dividend tax, withholding tax, and others in the countries of choice;
• Business regulatory environment. Before choosing a jurisdiction, it is important to assess the level of business regulation in a particular country. Some states, for example, may have favorable conditions for the development of technology companies, providing easy access to business registration and minimal restrictions on foreign activities;
• The technological infrastructure of the country of registration. Providing a high-quality and stable technological infrastructure is an important aspect for the successful operation of an outsourcing IT company, which will allow it to work effectively and compete in the global market. Not every country can provide future companies with a real opportunity to manage and build infrastructure for proper development and trade;
• Skilled workforce (salaried employees). Before choosing a country, it is also important to assess the availability of skilled labor. It is important to choose a place with the presence of talented IT specialists and the possibility of easy employment.

Consulting a lawyer will help not only to save the client’s time but also to choose a jurisdiction with an attractive tax regime and a regulatory and development environment for an outsourcing IT company.

JSC “Prikhodko and Partners” also offers clients the services of lawyers for company registration for IT business, opening a corporate account for it, as well as accounting support in various countries.

Our specialists also offer you to familiarize yourself with the examples of those countries that are among the most attractive for opening an outsourcing IT company.

United States

The USA is considered one of the most attractive countries for registering companies for IT business. There is ample access to capital, a developed technical infrastructure, and a large base of talented IT specialists to support and develop the future company.

In addition, the US has a business-friendly legal framework and wide access to international markets.

European Union (Netherlands, Lithuania, Ireland)

European Union countries can also be attractive for registering an outsourcing IT company, in particular, due to their stable economy, developed technological infrastructure, and favorable conditions for doing business in general.

The choice of some countries is also worth paying attention to because of a rather low corporate rate (for example, Ireland – 12.5%).

Conclusions

Choosing a jurisdiction for an IT outsourcing company is a complex task that requires careful analysis and consideration in order to choose the most favorable environment for the development and further support of the business.

It is important to make decisions taking into account the above factors to ensure a successful start of business abroad, with prior consultation with a qualified lawyer to resolve all legal issues that may arise in the selection process.