{"id":598693,"date":"2023-11-23T19:00:00","date_gmt":"2023-11-23T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/"},"modified":"2023-11-23T19:00:00","modified_gmt":"2023-11-23T16:00:00","slug":"launching-a-defi-company-9-tips-for-choosing-the-best-locale","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/","title":{"rendered":"# Launching a DeFi company? 9 tips for choosing the best locale"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d28e3a31bc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d28e3a31bc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Look_for_existing_regulations_and_support\" >Look for existing regulations and support<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Think_about_how_you_want_to_manage_talent\" >Think about how you want to manage talent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Consider_access_to_the_broader_DeFi_ecosystem\" >Consider access to the broader DeFi ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Seek_quality_blockchain_communities_and_infrastructure\" >Seek quality blockchain communities and infrastructure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Prioritize_the_regulatory_environment\" >Prioritize the regulatory environment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Research_tax_policies\" >Research tax policies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Review_your_goals_and_values\" >Review your goals and values<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Seek_to_minimize_legal_challenges\" >Seek to minimize legal challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\/#Keep_costs_and_capital_access_in_mind\" >Keep costs and capital access in mind<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/d7bff059-943d-4405-a9f1-480253999e46.jpg\" \/><\/p>\n<p itemprop=\"description\" class=\"post__lead\" data-v-8081b7b6> Even in a digital era, choosing the right location for a new DeFi business can be a critical and complex task. <\/p>\n<p><\/p>\n<div class=\"post-content\" data-v-8081b7b6>In this era of digital and remote business operations, it\u2019s not uncommon to hear that choosing the location of a company\u2019s headquarters isn\u2019t as important a decision as it used to be. However, if an entrepreneur is launching a decentralized finance company, they\u2019d be wise to set that advice aside. Launching in a relatively young industry with unsettled regulatory environments and unique talent needs means choosing a headquarters locale is actually a critical decision.<\/p>\n<p>So what are the details to consider and the checkboxes to tick for an entrepreneur researching where to launch a DeFi company? Below, nine members of Cointelegraph Innovation Circle share their earned industry knowledge to help a DeFi founder who\u2019s considering where to locate their startup headquarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Look_for_existing_regulations_and_support\"><\/span>Look for existing regulations and support<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The world has been changing rapidly, and we have seen a big move to remote operations, which certainly needs to be taken into consideration. But DeFi still has many complications. An essential goal would be to locate in the most regulated and supportive region possible, as that will allow you to focus on growth instead of having to navigate uncertain rules and\/or restrictive laws. \u2013 Ilias Salvatore,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/flooz.xyz\"> Flooz XYZ<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Think_about_how_you_want_to_manage_talent\"><\/span>Think about how you want to manage talent<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Talent is the most significant driver for early-stage companies. I\u2019ve seen many founders set up physical offices in areas with a high concentration of engineers and critical early roles so that company culture can be developed. Conversely, I have also seen larger companies hire a remote-first global workforce and not even establish a physical headquarters. There is no \u201cone size fits all\u201d answer. \u2013 Megan Nyvold,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/bingx.com\/en-us\/\"> BingX<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Consider_access_to_the_broader_DeFi_ecosystem\"><\/span>Consider access to the broader DeFi ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While selecting a jurisdiction with favorable DeFi regulations is pivotal, it\u2019s equally vital to consider a location that offers access to the broader DeFi ecosystem. An entrepreneur\u2019s success often hinges on their network and support system. Being situated in a hub near industry events, talent and fellow DeFi companies can provide a unique advantage that enhances collaboration and innovation. \u2013 Sheraz Ahmed,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/storm.partners\/\"> STORM Partners<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Seek_quality_blockchain_communities_and_infrastructure\"><\/span>Seek quality blockchain communities and infrastructure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Together, infrastructure and ecosystem support play a vital role. Opt for regions with active blockchain communities, quality tech infrastructure and supportive government initiatives. This ensures not just easier compliance, but also synergy with like-minded innovators, which is essential for scaling in the DeFi sector. \u2013 Maksym Illiashenko,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/mynftwars.com\"> My NFT Wars: Riftwardens<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Prioritize_the_regulatory_environment\"><\/span>Prioritize the regulatory environment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Entrepreneurs should prioritize the regulatory environment when selecting a headquarters for their DeFi company. It\u2019s vital because regulations can either foster growth and innovation or lead to legal challenges and restrictions, significantly impacting the company\u2019s success and sustainability. \u2013 Vinita Rathi,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.systango.com\"> Systango<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Research_tax_policies\"><\/span>Research tax policies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Operating in different jurisdictions can present unique challenges due to variations in taxation policies and regulatory frameworks. For example, some countries have more favorable tax policies for crypto businesses, while others have stricter regulations. \u2013 Tammy Paola,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/zerocap.com\"> Zerocap<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Review_your_goals_and_values\"><\/span>Review your goals and values<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Choosing the right location for the headquarters of a DeFi company involves a careful balance between regulatory compliance, access to talent and markets, tax considerations, and the overall business environment. It\u2019s a decision that requires thorough research and a review of your specific business goals and values. \u2013 Myrtle Anne Ramos,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/blocktides.com\"> Block Tides<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Seek_to_minimize_legal_challenges\"><\/span>Seek to minimize legal challenges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A critical factor to consider is the regulatory environment. The legal and regulatory framework of a country can impact operations, compliance costs and investor trust. Choose a favorable jurisdiction to enhance business sustainability and minimize legal challenges. \u2013 Anthony Georgiades,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pastel.network\/\"> Pastel Network<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Keep_costs_and_capital_access_in_mind\"><\/span>Keep costs and capital access in mind<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In multiple countries, DeFi companies are unregulated or sparsely regulated. A DeFi entrepreneur should locate their headquarters in a place where laws are friendly toward crypto-native companies. Founders should also keep taxation, access to capital, commercial real estate costs and other factors in mind. All these factors are critical because they provide legal clarity and external stability for a company. \u2013 Abhishek Singh,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/acknoledger.com\/\"> Acknoledger<\/a><\/p>\n<hr class=\"wp-block-separator\">\n<p><em>This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/cointelegraph.com\/innovation-circle\/launching-a-defi-company-9-tips-for-choosing-the-best-locale\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even in a digital era, choosing the right location for a new DeFi business can be a critical and complex task. In this era of digital and remote business operations, it\u2019s not uncommon to hear that choosing the location of a company\u2019s headquarters isn\u2019t as important a decision as it used to be. However, if&#8230;<\/p>\n","protected":false},"author":1,"featured_media":598694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-11\/d7bff059-943d-4405-a9f1-480253999e46.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-598693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/598693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=598693"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/598693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/598694"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=598693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=598693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=598693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}