> even a functional military-industrial ecosystem -- is basically incompatible with Europe's regulatory
Military ecosystems get a lot of exceptions
> about how Norway and Italy tax unrealized gains to such an extent that running a SV-style startup is basically illegal
These are two completely different things. Yes they don't get praise from me, but if you're planning how your company is going to work, you need to understand the differences (and yes Norway is the worse one here IMHO)
> Depending on the business you're in, it can be smart to incorporate in the Caiman Islands and work out of Europe on a satellite office basis, but you definitely want to limit your exposure to EU rules.
100% agree
But here's what most companies opening shop do: they have accountants and lawyers to help them navigate the bureaucracy (or subcontract some of the compliance work). People here take regulation to be "I've tried nothing and I've ran out of ideas" when it's mostly a subcontracting cost.
Military ecosystems get a lot of exceptions
> about how Norway and Italy tax unrealized gains to such an extent that running a SV-style startup is basically illegal
These are two completely different things. Yes they don't get praise from me, but if you're planning how your company is going to work, you need to understand the differences (and yes Norway is the worse one here IMHO)
> Depending on the business you're in, it can be smart to incorporate in the Caiman Islands and work out of Europe on a satellite office basis, but you definitely want to limit your exposure to EU rules.
100% agree
But here's what most companies opening shop do: they have accountants and lawyers to help them navigate the bureaucracy (or subcontract some of the compliance work). People here take regulation to be "I've tried nothing and I've ran out of ideas" when it's mostly a subcontracting cost.