We incorporated our startup in the Netherlands because that's where one of the founders lived. It took a couple of months of sending various documents back and forth and required 18K EUR in cash (recoverable) as well as some non-trivial expenses for various fees. Fast forward a few years, we sold our app and liquidated the company. The amount we received in cash before income tax is less than half of what was paid to us. I feel like I was working for the Dutch government this whole time. Obviously not happening again.