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In Italy the situation is very bad (as usually): - Just to open an srl company (the name for our limited) 5000 Euros are needed in taxes, notary stuff, and so
by antirez 17y ago
In Italy the situation is very bad (as usually):
- Just to open an srl company (the name for our limited) 5000 Euros are needed in taxes, notary stuff, and so forth.
- You need a minimal capital of 10,000 Euros just to start. But with a trick you can just put 25% of it as real money.
- The process is as complex as you can imagine if you try hard, requires a lot of time, and in no way you can be able to do it without the help of an expert (that you need to pay as well).
That said in Italy is also very hard to get money if you build a company. Banks require a number of absurd guarantees even to give you little money (and if you have this guarantees you don't need the money, usually).
There are a very limited number of VCs, but that's not what people need to start, also if you think VCs are evil in US you should check ours: as you can guess in an environment where funding is so rare they gain a lot of rights on your company.
To add this to the already sad mix, the average italian, regardless of how smart it can be writing code, has the insane feeling that's not possible to just build companies that will succeed without any kind of external help, but just your customers or other companies enjoying your products.
That's why I think my country is full of talented people but it is absolutely unable to develop an IT industry.
- pavlov 17y agoIn Finland, the minimum capital required for a limited company ("osakeyhtiö", Oy for short) is 2500 euros. The registration costs something less than 100 euros, IIRC. The paperwork is simple enough that it can be filled out with common sense. I've done it myself. The only slightly mysterious bit of protocol was the need to open a bank account in the company's name before the company is actually registered, in order to hold the capital. Luckily the banks and the registration office are well familiar with how this works and can explain the process, so it turned out be quite simple in the end. Simplifying the process of creating limited companies is probably the easiest way that governments can stimulate startup activity -- there's really no reason to keep it complicated.
- antirez 17y agoThis sounds a lot better than Italy. Btw in Italy to open the bank account is also needed, but very complex: - Create a temp account (/tmp/my-bank.account) - Put the capital - Open the company (N complex steps) - When you are done, go to the bank and rename your temp account into the real one (mv /tmp/my-bank.account /var/company/bank.account) This sounds like an algorithm, but you can't write shell scripts to do this.
- davidw 17y agoCertainly a lot better than in Italy (it's easy to guess that the bureaucracy elsewhere is not so bad), but I think the 'minimum capital' thing is still sort of weird. 2500 Euro isn't so bad to come up with, and even the small, light startup could easily spend that for a couple of laptops. However, it's a really arbitrary number in that if you make a major mistake and cause a lot of damage, it's not going to cover much at all. At that point, why require it at all...