Well, 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 requir

Well, 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.