Picking a region is mostly about latency to your actual users, plus a couple of secondary factors people often miss.
Start with where your users are
Latency scales with physical distance. If most of your traffic is from Europe, a US-East server will feel measurably slower than a European one, no matter how fast the hardware is.
Check for data residency requirements
Some industries and regions (healthcare, EU customer data under GDPR) have rules about where data physically lives. Confirm this before you provision, not after.
Consider your team, not just your users
If you SSH into the server constantly for development, a region closer to your team can make day-to-day work noticeably snappier, even if it's a small tradeoff for end-user latency.
Multi-region isn't just for enterprise
Running a primary VPS in one region with a secondary/backup instance in another is a reasonable middle ground once uptime starts to matter more than cost.
When in doubt, pick the region closest to the largest cluster of your users and revisit the decision later — migrating a VPS to a different region is straightforward and support can walk you through it.