Sao Tome and Principe, Estonia, Thailand, Spain: Startup Funding & Startup Ecosystem Compared

Side-by-side breakdown of startup funding, startup ecosystem, visa options, and 6 more dimensions for founders choosing where to incorporate in 2026.

Select Countries

SingaporeCyprusEstoniaUruguayPanamaPortugalCosta RicaBelizeSwitzerlandMaltaUnited KingdomCanadaGreeceItalyParaguaySpainGeorgiaUnited Arab EmiratesGermanyIrelandIndonesiaColombiaNetherlandsArgentinaMexicoThailandSao Tome and Principe
4 selectedClear all
🇪🇸Spain
69
Worldwide
🇪🇪Estonia
80
Worldwide
🇹🇭Thailand
57
Worldwide
🇸🇹Sao Tome and Principe
46
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison3
🇪🇸SpainWorldwide47%
🇪🇪EstoniaWorldwide20%
🇹🇭ThailandWorldwide35%
🇸🇹Sao Tome and PrincipeWorldwide25%
Exit tax applies in one jurisdictionCritical

Spain has an exit tax. If you establish residency and later wish to leave, you may owe tax on unrealized gains or assets at departure. The other countries in this comparison do not have an exit tax.

27pp personal tax rate spreadReview

Both countries tax worldwide income, but the top personal income tax rates differ materially. Spain: 47% vs Estonia: 20%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Spain has Controlled Foreign Corporation (CFC) rules. Owning a foreign company as a resident may trigger local tax on undistributed profits - even if the company pays no dividends. The other countries in this comparison do not have CFC rules.

Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.

Field-by-Field Breakdown

Green = best value per row
Metric
🇪🇸Spain69
🇪🇪Estonia80
🇹🇭Thailand57
🇸🇹Sao Tome and Principe46
Dimension Scores
Corporate Tax
32
48
43
17
Funding
100
95
70
40
Visa
90
100
90
50
Residency
43
65
58
56
Tax Res.
45
55
60
55
Practical
96
96
58
55
Remote Work
64
84
72
52
Family
95
100
80
70
Ecosystem
60
95
60
40
Corporate Tax Details
Corporate Tax Rate25%20%20%25%
Capital Gains Tax28%20%0%0%
Tax Treaties9661613
Territorial SystemNoNoNoNo
Funding Details
Active VCs10035200
Government GrantsYesYesYesNo
EU Funding EligibleYesYesNoNo
Visa Details
Has Startup VisaYesYesYesNo
Processing Time45606042
Min Investment-$0-$90K
E-ResidencyNoYesNoNo
Digital Nomad VisaYesYesYesNo
Residency Details
Visa Programs Available2322
Citizenship Timeline10812-
Dual CitizenshipNoYesNoYes
Immigration Score7767
Tax Res. Details
Tax Residency Days183183180183
Personal Tax Top Rate47203525
Territorial TaxationNoNoNoNo
Special Tax RegimeYesNoNoNo
Exit TaxYesNoNoNo
Practical Details
Banking Difficultyeasyeasymoderatevery_difficult
100% Foreign OwnershipYesYesNoYes
Company Formation711430
Virtual Office OKYesYesYesNo
Remote Work Details
Nomad VisaYesYesYesNo
Tourist Workgray_areatoleratedgray_areaillegal
Tourist Visa Days90903015
PE Risk Levelmoderatelowlowlow
Days Before Tax Res.183183180183
Internet Speed2208020010
Coworking/mo$250$200$150-
Family Details
Safety Index72796265
Int'l SchoolsYesYesYesNo
Homeschoolinglegal_with_restrictionslegal_with_restrictionslegal_with_restrictions-
Healthcare Quality82727230
Cost of Living55554028
Ecosystem Details
Unicorns51130
English Business EnvNoYesNoNo
Talent Pool Quality70725510

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