We are two Australians developing a startup that will aim to have dozens/hundreds of different customers across SE Asia (Indonesia, Vietnam, Thailand, Cambodia at first and then probably expanding elsewhere).
We are kind of lost as to where we should set up our company to operate. As I see it, setting up a company in these countries is a very daunting an expensive process and probably more trouble than it’s worth. However, setting up a company in Australia is going to attract much higher tax. Another factor is that payments for our product may have to come through bank transfers from local banks (as credit card/paypal penetration is pretty low) so we assume that a local company and working visa is required to operate local bank accounts.
Does anyone know a solution to this problem?
Thanks in advance!