To create IT-company – where is it profitable to do in 2020? Over the past few decades, the IT sector has been developing at a rapid pace, making significant changes in the economic and other spheres of life.
IT corporations, based on the algorithms of typos, communication between social groups, the distribution of photo, video and entertainment content, have already become an integral part of our life.
This also affected business activities as well. Many platforms, for example, Amazon, and others have become some of the largest and most profitable business projects, bringing billions to their owners.
In general, activities in the field of IT will allow its founder to receive much higher profits than, for example, investments in mining, which was popular there in the twentieth century.
Cyprus has quite favorable conditions. A lot of companies with owners from the CIS countries settled there. Let’s take a closer look at how Cyprus attracts those who have decided to start implementing IT projects.
In addition, prospects are opening up for obtaining Cypriot citizenship. This can be done by registering an organization and investing in this business more than 225,000 euros.
Ireland is also very attractive for executives who have decided to start their activities in the IT field.
It is also worth noting that Ireland is more expensive in terms of service.
Asia is not only a large-scale market for IT products, but also a place where many experienced and highly qualified specialists work. Singapore and Hong Kong stand out from the countries that are rated as “gold-bearing veins” for IT founders.
All countries and regions discussed above are most convenient for the development of projects related to the IT sphere.
The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.
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