Re:Estonia's e-Residency Program
by mixedbit on Sunday May 08, 2016 @04:43PM
(#11655711)
In which EU country starting a company is the easiest and cheapest for people that are not residents of this country?
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http://www.doingbusiness.org/rankings
Rank by "Starting a Business".
Looks like it's Lithuania. Denmark wins overall, but that includes things like property and electricity that you may not care about. Sweden and the UK are also not bad.
And holy shit Germany and Austria do badly in this ranking when it comes to starting a business!
Probably the United Kingdom. It costs £15 (about $21) and can be done online in 15 minutes. Your company will need a UK address though (which can be obtained easily from any of the "virtual office" businesses).
UK probably. But resident requirements for starting companies are somewhat rare these days. Getting a bank account or sorting out your taxes is another story though.
I've heard that to start a company in UK, a UK bank account is required, and it is pretty difficult for non-residents to get.
You heard wrong. There's no requirement for a UK company, or its directors or shareholders, to have a bank account of any kind.
Re:Estonia's e-Residency Program
by daghandler on Monday May 09, 2016 @01:45AM
(#11657835)
To start a UK company, it is not necessary. To be in line with accounting compliance requirements, you need to be able to issue invoices from a UK company bank account. In order to obtain that, you need management to be based in the UK (i.e. be resident).
This link claims it may be possible to open an account without UK management (e.g. with HSBC), but I'm no expert here:
https://www.rapidformations.co.uk/blog/business-bank-account...
Consider Ireland.
Initial setup costs might be a little more onerous and expensive than the UK, but can still essentially be completed easily online. The benefit with Ireland is that corporate tax is only 12.5%, compared to 20% in the UK.[0]
Cyprus and Malta are popular for internet companies.