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Relevancy of the location/domicile for a VC fund

How relevant is the domicile when building a Vc fund? Are there countries to avoid? Where will the domicile impact?
1 See in Base
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The Domicile of the fund is absolutely critical. It affects a number of factors such as operational costs, tax, investments, limited partners etc..

Read the following articles:

Domicile Report https://govclab.com/2021/09/25/venture-capital-domicile-report-by-vc-lab/

Delaware is the VC Domicile of Choice: https://govclab.com/2023/06/10/delaware-is-the-vc-domicile-of-choice/

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