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From what I understand, this seems to be a bigger problem in European countries (government/regulation included). The cost of forming a German equivalent LLC i
by tylerarnold 16y ago
From what I understand, this seems to be a bigger problem in European countries (government/regulation included).
The cost of forming a German equivalent LLC is about 27,000EUR after legal fees, and take about a week to complete.
I heard a similar story from a friend who used to work at a German bank (a regional one). She mentioned that four or five copies of almost every single paper had to be made, with a copy going into a separate individuals inbox (a physical in-box).
Now she works for an IT startup in Alaska... You can imagine that she really appreciates the difference!
- arethuza 16y agoIn the UK setting up a limited company is trivial - costs £20 online and takes a couple of hours.