If you want VCs then it's always the US and should always be a Delaware corp.
For non-VC funded companies HK is great, allows for tax minimization, minimal headaches, access to international banks and potential access to Chinese market if that is important for your business.
Fair. I'm not a US person so I don't run into these issues. I still have to submit appropriate docs for FACTA etc because I do business with US companies.
For non-VC funded companies HK is great, allows for tax minimization, minimal headaches, access to international banks and potential access to Chinese market if that is important for your business.