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That’s not even true. Aside from the U.K. and Estonia, I can’t think of an European country where 1) it costs less than $1K to incorporate 2) you can do it onli
by eaenki 6y ago
That’s not even true. Aside from the U.K. and Estonia, I can’t think of an European country where 1) it costs less than $1K to incorporate 2) you can do it online 3) You can DIY
Italy, Germany and SwitzerlanD just to pick 3 I’m familiar with, are nothing like U.K./Estonia
On the other hand incorporating a C Corp in Delaware costs between $89 and $399 and you can do it online by yourself
- simplyinfinity 6y agoIn Bulgaria it cost me 50 euros to incorporate using a service :D Edit: yes, it's not entirely online, but it takes half a day to complete
- markvdb 6y agoIn Belgium, starting an llc will set you back: - about 90€ for registering yourself individually as an economic operator - about 275€ in state fees for the llc - 50€ for activating your VAT number - about 1000€ excluding VAT in legalised robbe^^^notary fees In all, this is about 1400€ excluding VAT for getting started, excluding accountant or fiscal adviser fees. Then there is the yearly social contribution of about 350€, even with zero turnover, and more, before you have booked your first cent of revenue.
- messe 6y agoJust chiming in: it's possible to do all of that in Ireland.
- Mutjake 6y ago275 € in Finland, when done online (+you’ll need a bank account for the company). AFAIK many people DIY.
- rendall 6y agoI did
- DoingIsLearning 6y agoPortugal: - Online (with a citizen ID card reader) - A fully registered Ltd company within an hour (that's the gov marketing slogan) - Costs ~ 360 EUR
- bryanrasmussen 6y agoIn Denmark the closest to LLC would be an IVS I believe, which is being phased out by 2021. The Danish government values entrepreneurs, especially ones that keep 40,000 DKK in their company bank account.
- davehcker 6y agoCan someone comment something regarding Germany please?
- Xylakant 6y agoIt depends. For any kind of Limited Liability Company, it cannot be done online, you need to see a notary. Costs and process differ depending on what exactly you want: * Forming a full GmbH will cost around 1000-2000 EUR for lawyer,notary,tax accountant. You strictly speaking don't need lawyer nor tax accountant, but unless you are very familiar with the process, I'd recommend you enlist their services. It will make your life substantially easier. You will also need at least 12500 EUR in cash that will be the founding capital for the GmbH - you'll need to underwrite a security for another 12500 EUR for the rest of the founding capital or just pay a total of 25000 EUR for the founding capital. You can have the new company pay all fees from that founding capital. It's there to be used, you can pay yourself a (reasonable) wage from day one, if you choose to. * Forming a UG is substantially cheaper: Founding capital is at least 1 EUR (though you should have more or you'll bankrupt the new company when it needs to send the first letter), there's form contracts that cover trivial cases (up to 3 shareholders, even distribution of shares, ...) and in the simple cases, all fees and notary costs should be in the low 3 digits. Keep in mind that moving money in to and out of limited liability companies is not trivial, so you should have sufficient founding capital to cover the initial expected expenses. If you don't need the protection of a limited liability company, you can always opt for just freelance status - that's a simple registration at the tax office or, if you're multiple people, form a GbR (either by contract or implicitly, but I would really recommend a written contract). You can then register the business online.
- jlokier 6y ago> Keep in mind that moving money in to and out of limited liability companies is not trivial, so you should have sufficient founding capital to cover the initial expected expenses. Can you not, as an owner or director, loan money to the company to cover initial expenses? In the UK it's common to run a Directors Loan Account. With the DLA you can lend money to the company to start things up, or pay for things personally and claim expense from the company if that's simpler at first (even company formation fees can be claimed like this) which can then sit in the DLA, or use it to borrow (a limited amount) from the company for a short time to smooth over salary/dividend payment planning. You have to be careful to account for each transaction between personal and company, but if you understand that it seems not especially complicated, and certainly doesn't need founding capital. With my recent company the founding capital was £1.
- _31 6y agoIn the Netherlands it was about €75, filled most of the paperwork out online although we did have to go in to the KVK (Chamber of Commerce) to complete the process.
- Fiahil 6y agoFrance: "Auto-entrepreneur" status is free. No conditions (and a limitation on how much money you make). "entreprise individuelle" is between 25,34 € and 130 €. SARL and SAS status is ~200 € [0]. For all of them, you can do it yourself and most of them completely online. [0]: https://www.service-public.fr/professionnels-entreprises/vosdroits/F23282 https://www.service-public.fr/professionnels-entreprises/vos...
- mellavora 6y agoWell, it depends. Luxembourg initiated the 1 EUR corp, which lets you incorporate as a SARL (a form of LLC) for a pretty low rate. However, the law then requires that you have an external auditor of your company's books, which runs 1.5-3K for a one-man operation doing uncomplicated things. Sole proprietor is easier, and you can do your books yourself, but then the liability is unlimited. I think you'll find many of the southern EU states are similar, the incorporation may be cheap but the accounting is less so.
- jeltz 6y agoIn Sweden all three are true. It costs less than 200 EUR and you can do it online.