3 ms·
Ireland perhaps. Forming a Limited company in Ireland is cheap and straightforward. That is compared to a GmbH in Austria or Germany where you need thousands o
by phillc73 11y ago
Ireland perhaps.
Forming a Limited company in Ireland is cheap and straightforward. That is compared to a GmbH in Austria or Germany where you need thousands of Euros in share capital just to form.[0]
Ireland uses the Euro, which might be an advantage over the UK with Pounds Sterling. No forex worries.
Ireland also has a low corporation tax rate of 12.5%
The only two trickier bits are setting up a registered address in Ireland (not P.O Box) and opening a bank account. Not insurmountable tasks, and various organisations can assist for a few hundred Euros.[1]
[0] https://en.wikipedia.org/wiki/Gesellschaft_mit_beschr%C3%A4nkter_Haftung https://en.wikipedia.org/wiki/Gesellschaft_mit_beschr%C3%A4n...
[1] http://www.companyservice.ie/ http://www.companyservice.ie/ (€255 for the basic service. Not affiliated, don't even know this particular company, just found with a search)
- hengheng 11y agoGermany does have the UG (haftungsbeschränkt) for this very reason.
- mpswardle 11y agoAnnoyingly though UG doesn't have the same respect as GMBH amongst German corporate, so if you do a lot of business in Germany it often worth capitalising it anyhow.
- ForeignEntrepre 11y agoI've only heard similar comment from accountants. I am not sure whether providers/customers really care about that. In fact I think accounts say that just because it was something new (so more work for them to learn).
- bbrazil 11y agoThe going rate for setting up an Irish company is around €250, and mine only took a few days. Getting an Irish bank account is painful though, and that's with me being Irish in Ireland. I wouldn't try it from Portugal - though presumably you could use a local bank.
- emailgregn 11y agoThis is worth consideration too. Getting a bank account can be difficult.