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> I’m curious how European economies justify the high cost of starting a business? Short answer: they don't. Longer answer: countries in Europe don't want som
by sbacic 5y ago
> I’m curious how European economies justify the high cost of starting a business?
Short answer: they don't.
Longer answer: countries in Europe don't want some guy opening a business out of his garage. They want somebody with fat stacks of cash who will be able to afford to pay high fees and taxes right from the start and then pay some more when/if his business actually makes revenue/profit.
Things are slowly changing, especially in the smaller economies, but change is slow.
- brtkdotse 5y agoSOME countries, perhaps. Many - no. At least in the Nordics starting up an LLC equivalent costs around 100$ in registration fees and takes about an hour (plus a week or so waiting time). Of course, you’ll need the initial capital. In Sweden it’s SEK25000/$2500.
- sbacic 5y ago> Of course, you’ll need the initial capital. Which is quite reasonable compared to say Germany or Switzerland (or hell, even Croatia) but still not $0 like in the USA.