startup-costs, lean-startup, partnership, private-company, europeI’m looking into my options of setting up a company/partnership in a country with the EEA (the EU countries as well as Iceland, Liechtenstein and Norway) and was wondering if someone could point me to the lowest fixed-cost country (set-up costs and ongoing costs like, filing of tax and year-end reports as well as virtual office in any of these, with the exception of Ireland because that’s where I live).
The company won’t have any employees and will sell IT solutions for companies and individuals, so employee wages don’t factor.
I know that in Ireland, the setup costs are relatively cheap, but ongoing costs like accountants and auditors are costly so I want to shop around.
Again, this is just in relation to the fixed costs - corporation tax and tax on dividends are to be disregarded here, and also sole trader isn’t an option.
If you need more detail, please just let me know.
Thanks very much for any help you might be able to provide!
Look into Romania.
The costs of setting up a SRL (LLC), from the comfort of your Irish home, are the following:
A lot of websites still display that there is a ~£25 government tax, but this was eliminated recently.
Take these numbers with a grain of salt:
There are consulting/law firms who will take care of all of the above, keep your paperwork up to date including when there are changes in the law. The most reputable one is RoLegal, you can get a free consultation and price quote via phone.
It takes 3 days and you need the following to get it done:
I’m not a lawyer, this information might not be accurate, there might be other laws I don’t know about, you should consult a lawyer.
EDIT: If you do all the paperwork yourself and have an address, the costs of setting it up is £0. The cheapest tax-filing/accounting service starts at around £12/mo if you’re a small business (done electronically, probably automated). That leaves the audit costs which start at £400/audit.
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