IT business in 2021: where are the most favorable conditions and less risk

IT business in 2021: where are the most favorable conditions and less risk

When planning to register a company for an IT business, it is important to consider the reputation of the country. In addition, you should pay attention to the availability of the infrastructure - the power of servers, the quality of communications, etc. When choosing the place of incorporation, it is necessary to assess the possibility of optimizing the taxation and the complexity of creating an account in the country of incorporation.

United Kingdom

It is advantageous to register a company for IT-business in the UK because it is a reputable jurisdiction with a developed economy. The jurisdiction is politically stable.

It is not considered offshore and is not on the black lists of offshore zones. The corporate tax is 19%, but there is a possibility to optimize tax payments. Information about shareholders and directors is available publicly. Periodic reporting to the tax authorities is required.

If a person does not have the status of a resident, it is also possible to create an account outside the territory. It is available to open a current account in the payment system. To open a company at least one director and shareholder will be required.


To open an account for an IT business in Ireland, you need to hire a director who has resident status. It is advantageous to register a company in the country, as the state has a positive image.

Firms registered in the form of LTD do not fall under the category of CFC. Companies are required to be audited, but small businesses can get an exemption from auditing and reporting to the accounting department. If you need to register an IT company in Ireland, please contact our experts at IT-OFFSHORE.


The territory is not offshore and is not included in the state of emergency of such areas. The corporate tax rate is 12.5%. When running a business it is mandatory to file an auditor's report annually.

It is possible to open an account in a financial institution in Cyprus. You can choose a Cypriot bank or other payment institution. Registering a company requires at least one director, shareholder and a local secretary.


The country is relevant to registering a business related to information technology, as it is possible to optimize taxation. There is a 0% corporate income tax rate, but a 20% rate will be required for profit sharing.

There is no capital gains tax. Reporting is simple enough, the jurisdiction is respectable, it is possible to open a bank account in the European Union. Company in Estonia may open a local account only under the condition of proof of connection with Estonian counterparties.


Jurisdiction is prestigious, it is easy to serve the company with low costs, and open an account quickly. The territory does not have offshore status.

It is possible to open an account in Canada. Financial institutions often cooperate with companies that specialize in the development of information technology. There is no requirement to submit an auditor's annual report. When opening a business, there is the possibility of obtaining a residence permit.

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