Re:Y Not - YC rejects of the world, unite!
by falsestprophet on Friday October 19, 2007 @09:45AM
(#70302)
I understand that Copenhagen and Amsterdam are thriving tech centers. They are also full of English speakers and beautiful women.
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A "thriving tech center" is overstating it a bit for Amsterdam, but we certainly have our share of small web start-ups, and there are plenty of programmers available. The atmosphere is great, the climate is no distraction, (but the nightlife is).
Language is not a barrier, but I don't think you should incorporate here - we have high capital requirements. NTIAALOA (not that I am a lawyer or anything).
Current minimal capital requirement is 18000 euro for a Dutch limited company, but a new bill will remove this requirement.
Is it really so hard to incorporate in the US but operate from overseas? I don't think it is.
Probably not, but I don't think you get any of the benefits of the corporation unless you also register a local branch of it, and then you're back to square one. Meaning you can't really be employed by your own company...stuff like that.
I highly doubt that.
Yeah? What's your information? Mine is spotty, but comes from a friend in Italy who is a registered accountant there, who told me in no uncertain terms that having DedaSys LLC in Oregon is all fine and dandy, but in terms of Italy, it basically doesn't exist. If at some point I would want to be employed by it, it would require creating a local subsidiary that then has all the same bureaucratic requirements that any other company would have. If you think about how governments operate, it does make sense. Even if you do business a lot in another US state, you're supposed to register to do business there - let alone another country.
The potential "loophole" is registering a company in an EU country that's not so lame as the continental ones (i.e. Ireland or the UK), but I don't have good information on that.
I doubt those beautiful women would enhance your prospects.
In fact, the ugliness of girls in the major startup hubs is probably a feature.
Copenhagen is awesome, but realty is expensive. Though Malmo, Sweden is quite close and it is cheaper.
I live in Copenhagen, and often have Canadian and US exchange students subletting rooms at my apartment. They all complain about the living costs here. The web / startup scene is not impressive. The VC's are really conservative, and don't seem to get the early funding scheme. They'd much rather give millions at a later stage. But hey, the women are beautiful :-)