I'm currently actively considering launching a small fintech project and am stuck on choosing a jurisdiction. At first, it seemed like a secondary issue, but the more I dig into it, the more I realize it affects everything—from working with banks to client trust. I have a friend who chose a country "at random" because it was cheaper, and then had to move everything due to regulatory issues. I don't want to repeat the same mistake. How should I approach this choice correctly, and what should I consider first?

I'd recommend starting with a business model rather than a country. Different jurisdictions are better suited to different areas. Some are easier with crypto, others better with payment systems, and some banks are more lenient. While researching this, I came across Gofaizen & Sherle , which explains very well how to choose a jurisdiction for specific needs. My colleague ended up choosing an option that wasn't the most popular, but it had clear rules and a good attitude from the banks, and that made it much easier to get started. So it's better to look at the bigger picture, not just the price.

I read these discussions and understand how much everything depends on the right start. Even if the idea is good, you can run into some limitations simply because of your choice of country. I'm not in fintech myself, but I often see similar situations in other industries, where a decision at the start affects the entire journey. It's interesting to see how people approach this differently.