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Berlin VC invests in Italian startup. Is this the start of something?

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Re: Berlin VC invests in Italian startup. Is this the start of something?

#21

Post by Facens »

danmaz74 wrote: post #18
guk wrote: post #7

Thanks all! I really hope the Italian scene grows a lot!!

Besides the deserved congratulations, there's a question I'd like to ask you. I noticed that the Cibando website is Copyright "Cibando Ltd.", but in the TOS the service is from "Mobatar S.r.l." Does this mean that you have both a UK ltd company and an Italian S.r.L.? If that's so, why? Have you already explored what it means from a fiscal point of view having both? I ask because right now I'm very undecided if I shou…

I had to face the decision too, for Iubenda, and ended up with an Srl. I went for the most hassle-free choice, since incorporating abroad can be time consuming and hide additional costs (loss of focus included). About the Srl, I wrote this article a while ago which can clarify some of the expenses: http://thinkamination.com/migliorare-srl-italiana/ [ITA]

Re: Berlin VC invests in Italian startup. Is this the start of something?

#22

Post by mikebutcher »

danmaz74 wrote: post #18
guk wrote: post #7

Thanks all! I really hope the Italian scene grows a lot!!

Besides the deserved congratulations, there's a question I'd like to ask you. I noticed that the Cibando website is Copyright "Cibando Ltd.", but in the TOS the service is from "Mobatar S.r.l." Does this mean that you have both a UK ltd company and an Italian S.r.L.? If that's so, why? Have you already explored what it means from a fiscal point of view having both? I ask because right now I'm very undecided if I shou…

It's very common now for European startups to have a UK LTD as well for later exit purposes.

Re: Berlin VC invests in Italian startup. Is this the start of something?

#23

Post by Ironballs »

itmag wrote: post #15

Interesting that things are actually happening outside of SV. Speaking of that, is there a startup scene in Scandinavia? Anyone know?

Yes! There's even a whole site devoted to the startup scene in Nordic (and Baltic) countries: http://www.arcticstartup.com/

Re: Berlin VC invests in Italian startup. Is this the start of something?

#24

Post by danmaz74 »

Facens wrote: post #21
danmaz74 wrote: post #18

Earlier quoted context omitted.

Besides the deserved congratulations, there's a question I'd like to ask you. I noticed that the Cibando website is Copyright "Cibando Ltd.", but in the TOS the service is from "Mobatar S.r.l." Does this mean that you have both a UK ltd company and an Italian S.r.L.? If that's so, why? Have you already explored what it means from a fiscal point of view having both? I ask because right now I'm very undecided if I shou…

I had to face the decision too, for Iubenda, and ended up with an Srl. I went for the most hassle-free choice, since incorporating abroad can be time consuming and hide additional costs (loss of focus included). About the Srl, I wrote this article a while ago which can clarify some of the expenses: http://thinkamination.com/migliorare-srl-italiana/ [ITA]

Where did you get your data about incorporating abroad? From my information, the incorporation itself, if done in the UK, couldn't be less hassle-free and cheap: You get it in one day, and for less than 100€. The whole fiscal management should be doable for ca. 70€/month with a service like www.crunch.co.uk

What worries me is the Italian side of the thing: I'd like to pay what I have to pay in taxes (to the State, not to the notary) but it isn't very clear how you do that; as for pension contributions I have a day job that and am already covered there.

Simply put, right now I don't want to look for external money (THAT would be a loss of focus ;) and couldn't pay the costs of a SrL. I want to be sure if the business model works before committing thousands of euros to this startup.

Anyway, thanks a lot for the suggestions!

PS: do you know about http://srlfacile.org/ ? I like what they ask and I'm trying to help, but exactly today I was thinking about writing a more direct/polemic message referencing the "tasse occulte" our premier talked about recently. I'm sure that making much (MUCH) easier and less expensive to incorporate would be one of the few feasible measures that could bring about real economic growth. I would have incorporated at least a year ago with my other initiatives, hadn't it been for this...

Re: Berlin VC invests in Italian startup. Is this the start of something?

#25

Post by mebe »

itmag wrote: post #15

Interesting that things are actually happening outside of SV. Speaking of that, is there a startup scene in Scandinavia? Anyone know?

In Finland, there's been quite a lot of happening lately: http://steveblank.com/2011/10/07/the-helsinki-spring/

Re: Berlin VC invests in Italian startup. Is this the start of something?

#26

Post by pdelgallego »

mikebutcher wrote: post #20
itmag wrote: post #15

Interesting that things are actually happening outside of SV. Speaking of that, is there a startup scene in Scandinavia? Anyone know?

Er, cough, Spotify...?

+ Skype, Zendesk, Opera, Rovio, among others.

Re: Berlin VC invests in Italian startup. Is this the start of something?

#27

Post by Facens »

danmaz74 wrote: post #24
Facens wrote: post #21

Earlier quoted context omitted.

I had to face the decision too, for Iubenda, and ended up with an Srl. I went for the most hassle-free choice, since incorporating abroad can be time consuming and hide additional costs (loss of focus included). About the Srl, I wrote this article a while ago which can clarify some of the expenses: http://thinkamination.com/migliorare-srl-italiana/ [ITA]

Where did you get your data about incorporating abroad? From my information, the incorporation itself, if done in the UK, couldn't be less hassle-free and cheap: You get it in one day, and for less than 100€. The whole fiscal management should be doable for ca. 70€/month with a service like www.crunch.co.uk What worries me is the Italian side of the thing: I'd like to pay what I have to pay in taxes (to the State, no…

Also consider that we are a tech/legal startup, and the ability to cover in house some of the legal trickiness was a huge pro on the Srl side. Here some other thoughts I forgot to link on the previous post: http://thinkamination.com/dove-incorporare/ [ITA] Here's a topic on Quora too: http://www.quora.com/What-are-the-benefits-of-being-incorpor...

Also consider that incorporating outside means you have to demonstrate that it's not for a taxation advantage, which would not be legal.

Re: Berlin VC invests in Italian startup. Is this the start of something?

#28

Post by freyfogle »

zerostar07 wrote: post #14
tucosan wrote: post #13

Earlier quoted context omitted.

http://www.gruenderszene.de/news/point-nine-capital-cibando also http://www.deutsche-startups.de

See that's a problem, writing in English guarantees a wider audience.

naja, Quantität ist nicht gleich Qualität
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