Launching a DeFi company? 9 tips for choosing the best locale

cointelegraph.com:

In this era of digital and remote business operations, it’s not uncommon to hear that choosing the location of a company’s headquarters isn’t as important a decision as it used to be. However, if an entrepreneur is launching a decentralized finance company, they’d 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.

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’s considering where to locate their startup headquarters.

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. – Ilias Salvatore, Flooz XYZ

Talent is the most significant driver for early-stage companies. I’ve 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 “one size fits all” answer. – Megan Nyvold, BingX

While selecting a jurisdiction with favorable DeFi regulations is pivotal, it’s equally vital to consider a location that offers access to the