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>This is obviously often incorrect, but given most people set up US entities because they're cheap Cheap compared to where? EU or UK?
by vram22 10y ago
>This is obviously often incorrect, but given most people set up US entities because they're cheap
Cheap compared to where? EU or UK?
- charlesdm 10y agoMost EU jurisdictions have required minimum capital contributions from the founding shareholder(s), e.g. 10-20.000 euro per entity. Then there's a ton of stuff to file (some countries are more bureaucratic than others), in some jurisdictions you need to visit a civil law notary to incorporate, etc. A lawyer can easily take care of that for you for a reasonable fee, but most bootstrappers won't consider it, given the price.
- vram22 10y agoInteresting, thanks.