As Web3 continues to revolutionize industries with blockchain, decentralized finance (DeFi), NFTs, and smart contracts, startups and enterprises alike are seeking the most favorable jurisdictions to launch and operate. Choosing the right country to incorporate a Web3 business can mean the difference between regulatory uncertainty and exponential growth.
Here are the top 10 countries where Web3 businesses prefer to incorporate—along with key reasons why these nations are leading the charge.
1. Switzerland (Zug – Crypto Valley)
Why it’s popular:
Switzerland, particularly Zug, is known as “Crypto Valley” for its early adoption and support of blockchain innovation. Swiss laws provide clarity on token classifications and encourage decentralized finance and blockchain ventures.
2. Singapore
Why it’s popular:
Singapore’s Monetary Authority (MAS) has taken a progressive yet cautious stance, offering clear licensing for crypto businesses while cracking down on fraud. Its strategic location in Asia and world-class infrastructure make it a hotbed for Web3 development.
3. United Arab Emirates (Dubai and Abu Dhabi)
Why it’s popular:
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Zero corporate and income taxes in free zones
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Government-backed crypto hubs (like Dubai’s VARA)
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Strong investor and tech community
The UAE has made aggressive moves to become a global Web3 hub, with Dubai and Abu Dhabi creating regulatory sandboxes and incentives for blockchain startups.
4. Estonia
Why it’s popular:
Estonia is one of the world’s most digitally advanced nations. Web3 businesses benefit from streamlined registration, easy banking, and proactive regulatory guidance.
5. Cayman Islands
Why it’s popular:
The Cayman Islands is a top choice for decentralized autonomous organizations (DAOs) and crypto funds due to its flexible structure and lack of direct taxation.
6. British Virgin Islands (BVI)
Why it’s popular:
BVI is a go-to for token projects and exchanges looking for fast setup and regulatory ease. Many major blockchain firms and funds operate from here.
7. Portugal
Why it’s popular:
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No tax on crypto gains (for individuals)
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Growing blockchain ecosystem
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EU access with friendly tax environment
Lisbon is quickly becoming a European hub for Web3 conferences, startups, and DAOs. The government’s relaxed tax policy on crypto makes it attractive for both developers and founders.
8. Malta
Why it’s popular:
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First EU country to regulate blockchain
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Known as the “Blockchain Island”
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Recognized virtual financial asset (VFA) framework
Malta offers a robust regulatory system that supports ICOs, exchanges, and wallets, all while being part of the EU single market.
9. United States (Wyoming and Delaware)
Why it’s popular:
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Clear LLC and DAO laws (Wyoming)
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Robust legal protections for corporations (Delaware)
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Access to U.S. market and investors
While federal regulations in the U.S. are complex, states like Wyoming have led the way by legally recognizing DAOs and providing a friendly environment for Web3 startups.
10. Hong Kong
Why it’s popular:
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Government-backed push for Web3 leadership
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Legal clarity around digital assets
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Proximity to mainland China and Asia-Pacific markets
In 2023, Hong Kong introduced new crypto licensing frameworks and has since attracted a surge of Web3 businesses seeking both regulatory clarity and access to Asian markets.
Conclusion
When choosing where to incorporate a Web3 business, companies must consider legal certainty, taxation, infrastructure, and access to talent and capital. These ten countries stand out for offering a balanced blend of innovation support and regulatory structure—making them ideal launchpads for the next generation of decentralized applications and protocols.
Looking to incorporate your Web3 startup? Consult with Rollman Management https://rollmanmanagement.com/our-capability/legal-and-incorporation/
