Resources Archives - Yondaa, Inc.

10 Best Countries to Start Your Tech Startup

The Yondaa Team — Wed, 01 May 2019 18:07:33 +0000

10 Best Countries to Start Your Tech Startup - It is not always the case that your home country will be the best option to start your tech startup. At times, choosing the right country to start your journey will take you a few step ahead of your competitions. Now, it is tough to find that perfect country to start your business when it is not your home country! Let’s give it a try. In this article, we are going to look at the 10 best countries where you can start your tech startup.

1. United States
The United States is considered as one of the most entrepreneur friendly country on planet. They have a philosophy called “American Dream” where they focus on improving life with the power of entrepreneurship. All big companies have setup their headquarters in United States including all the venture capital and investment groups which make it easier for startups to get funding.

Also, the consumers are the most educated ones when it comes to using technology in United States. This helps a lot when you are launching a complex tech idea based venture! That’s one big reason that companies like Uber became successful.

2. Singapore
The next best destination to start your tech startup is Singapore. Singapore is considered as a financial hub and the country is very stable when it comes to finance and tech industry. The environment is entrepreneur friendly and the country offers special access programs to attract entrepreneurs too.

Though Singapore is a small country, it has developed wildly in last twenty years making Singapore one of the fastest developed countries on planet. Therefore, if you have a tech business idea that you want to make into reality, Singapore is a great option to go towards.

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Learn The 11 Advantages and Disadvantages of C Corporations

The Yondaa Team — Wed, 01 May 2019 17:54:28 +0000

Learn The 11 Advantages and Disadvantages of C Corporations - You will hear about both C Corporations and S Corporations. Both are corporations with charters granted by the state of organization. You can organize in Nevada for the best asset protection laws, for example, and qualify to do business in California. In that case, you will have one corporation paying annual fees in two states (which many people do). While we like and often use S Corporations, we keenly appreciate the advantages of C Corporations. They certainly have their merit and a place in your entity structure strategy.

The C and the S refer to IRS Code Sections. C corps feature a double taxation – one tax at the company level and another tax on profits distributed to shareholders. This double tax is why many people consider S corps, which has only one level of tax. But there are restrictions on ownership of S corps, where as there are no such limits on C corps.

Here is a quick list of C Corporation advantages:

They can have an unlimited amount of shareholders, from anywhere in the world.
For Nevada and Wyoming corporations, officers and directors can reside anywhere in the world. This can be a boon for foreign investors. (Learn more about foreign investing.)
They can have several different classes of shares.
They have the widest range of deductions and expenses allowed by the IRS. (more on this below)
They are the most widely recognized business entity in the world, and are the premier entity for going public. In Nevada and Wyoming, nominee (or stand-in) officers and directors can be utilized, adding extra levels of privacy.

Read the whole article here...

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4 States Control 80 Percent of Venture Capital Dollars in the U.S

The Yondaa Team — Wed, 03 Apr 2019 04:27:45 +0000

More than half of all venture capital dollars invested in small businesses and startups during the first three months of 2018 went straight into the state of California, according to a recent investment report from PwC and CB Insights suggesting the vast majority of business investment in the U.S. is concentrated in only a few states.

Venture capital investments climbed 4 percent during the first quarter to $21.1 billion, and more than $11.5 billion of that funding went to California-based businesses. Given the state’s thriving tech scene, large population and access to Silicon Valley and the San Francisco Bay Area, it is perhaps unsurprising to see the Golden State emerge from the first quarter with the country’s top spot.

Massachusetts narrowly edged out New York for second place, with the states attracting more than $2.6 billion and nearly $2.4 billion in venture capital investment, respectively. Texas placed fourth with $747 million – roughly one twenty-eighth of the money invested in California businesses.

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How to Setup a UK Company

The Yondaa Team — Sun, 31 Mar 2019 22:19:27 +0000

What you need to do to set up depends on your type of business, where you work and whether you take people on to help.

Register your business
Most businesses register as a sole trader, limited company or partnership.

Sole traders
It’s simpler to set up as a sole trader, but you’re personally responsible for your business’s debts. You also have some accounting responsibilities.

Find out more about being a sole trader and how to register.

Limited companies
If you form a limited company, its finances are separate from your personal finances, but there are more reporting and management responsibilities.

Some people get help from a professional, for example an accountant, but you can set up a company yourself.

Partnerships
A partnership is the simplest way for 2 or more people to run a business together.

You share responsibility for your business’s debts. You also have accounting responsibilities. Find out more about being in a partnership and how to register.

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Starting a business in South Africa

The Yondaa Team — Tue, 05 Mar 2019 05:36:28 +0000

If you’re looking to start a business in South Africa, this guide explains all the different options for doing business in South Africa.

If you are a foreign company looking to operate in South Africa, you can either enter the market while maintaining your company’s registration outside South Africa, or register and invest in a business in South Africa. Different conditions apply depending on your preferred structure of doing business in South Africa.

This guide clarifies questions about public, private and external companies in South Africa, closed corporations, corporate visas, business incentives and more.

Starting a business in South Africa

Your first consideration when planning to start a business or investment in South Africa is the method or vehicle most appropriate to the venture. Similar to elsewhere, the structure of your business will depend on a number of factors:

the number of participants in the company;
management and control policies to be put in place;
limited liability for the participants;
requirement of perpetual succession;
income tax considerations.

These factors will determine which investment method and business structure are best suited to your business, for example:

a branch or subsidiary of a foreign registered or external company;
a company – either a local private or public company;
a partnership – either limited or unlimited;
a close corporation (not an option for new companies);
a business trust;
the sole proprietor.

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Silicon Valley South West? The Arizona Tech Scene Is No Mirage

The Yondaa Team — Tue, 19 Feb 2019 22:05:18 +0000

We look at the tech companies and organizations that are heating things up in Arizona which is quickly becoming the tech capital of the Southwest.

Home of the Grand Canyon, Arizona is known for its extreme heat and desert climate. However, the temperature isn’t the only thing rising in the Copper State. The state’s tech community has been making large strides over the past couple of years, transforming Arizona into the perfect place for any app developer who doesn’t mind applying a liberal amount of sunblock.

For instance, between job growth forecast to double the average among cities in the U.S. and a 188% increase in tech jobs over the past year, Phoenix looks to become known just as much for its tech community as its multitude of resorts.

One major reason for Phoenix’s recent tech boom is the complete revamp of the city’s Warehouse District. Within two square miles of the area, 60 tech startups currently operate inside Galvanize’s technology campus. This is reflective of the city’s tech boom as, according to Mayor Greg Stanton, the number of tech companies operating in the downtown area has almost quadrupled over a five-year period.

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Why citizenship is now a commodity

The Yondaa Team — Wed, 31 May 2017 18:20:41 +0000

As more people are willing to move countries for opportunity and stability, anti-immigration policies and tightened borders are prompting a rise in ‘citizenship for sale’.

On a recent flight, I was idly flipping through the inflight magazine, when I came across an unusual advert promising “a unique strategy to safeguard your future prosperity and security.” The advert was plugging what it called “citizenship by investment.”

I’d heard of citizenship-for-sale initiatives in the past, and – prompted by the ad – I briefly wondered whether a second citizenship beyond my American one was something I might need. Is this something that people other than the uber rich are considering, and for reasons other than tax optimisation? And if so, why?

“The global rise of populist movements, together with an ever-increasing sentiment towards the creation of insular societies have all contributed to the unpredictability of our rapidly changing world,” explained the advert. As more countries tighten their borders and paths to immigration, a new industry is working to bypass those restrictions – for a hefty fee.

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