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A comment on Europe is now a corporate also-ran. Can it recover its footing?. Parent comment

Re:Europe is now a corporate also-ran. Can it recover its fo... by yarcob on Saturday June 12, 2021 @01:21AM (#27481767)
You can start a software business in Austria with just a laptop and get health insurance for 32€/month (total social security payments if you don't make profits are about 150€/month). Fees for registering a company are waived/reduced for founders. I had nowhere near $20000 when I started.

Sure, if you want to open a capital intensive business like a restaurant, you'll need more money. But that's the same everywhere.

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Re:Europe is now a corporate also-ran. Can it recover its fo... by woodson on Saturday June 12, 2021 @02:28AM (#27482103)
It's somewhat more difficult for founding a limited liability company there, where the capital requirements are much higher than in most other countries (Eur 35K).
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Re:Europe is now a corporate also-ran. Can it recover its fo... by yarcob on Saturday June 12, 2021 @05:37AM (#27483093)
Yeah, that's why most founders don't actually register a GmbH. Many small businesses are sole proprietors, even businesses with a few employees.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by 7steps2much on Saturday June 12, 2021 @08:00AM (#27483861)
Isn't it possible to fund a "mini" GmbH with only 10.000€ and build up to the 35.000€ over a span of a couple of years or something? I think I remember something like that being the case.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by yarcob on Saturday June 12, 2021 @04:46PM (#27487315)
In my opinion the capital requirements are really not the biggest hurdle. If you start a GmbH, you have so many extra accounting requirements and everything gets more complicated. You also pay a lot more taxes in most cases. So it's something that many people try to avoid.
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