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EU–INC – A new pan-European legal entity

eu-inc.org

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Re: EU–INC – A new pan-European legal entity

#201

Post by traceroute66 »

mrtksn wrote: post #136
PaywallBuster wrote: post #116

Earlier quoted context omitted.

> 450 million and counting people would still prefer to live and work in the EU than anywhere else majority of population of any given country doesn't emigrate ever, even inside EU where it would be extremely easy

But evidence shows that they do emigrate in mass when there's a reason, it's one of the core issues of the last decade and the reason why fascists gained power all over the world. If fact its the reason why masked people in USA are hunting down immigrants. Its also factual that there's a large scale migration intra-EU, with people from poorer countries moving to rich ones to seek jobs. Bulgaria, Romania and Poland ar…

> But evidence shows that they do emigrate in mass when there's a reason

If you go to the CNN website there are lots of articles on there right now (e.g. https://edition.cnn.com/travel/us-woman-moved-to-germany) about US peeps who have emigrated to Europe recently and are thoroughly enjoying their new life with no plans to return to the motherland in the foreseeable future.

I can't possibly think why. ;)

Re: EU–INC – A new pan-European legal entity

#202

Post by krisknez »

I’m from Croatia, and starting and running a company here is expensive. Estonia makes it much easier, so you might think: why not open a company in Estonia?

But here is a problem: If your clients are in Croatia and you have a Croatian company, you don’t have to charge VAT if you earn under 60k per year. But if your company is in Estonia, you are required to charge VAT even if you earn under 60k.

Re: EU–INC – A new pan-European legal entity

#203

Post by closewith »

embedding-shape wrote: post #165
closewith wrote: post #95

Earlier quoted context omitted.

I think a big issue is that Europeans who want to invest in early stage VC do so in the States, because everything is geared towards entrepreneurial success there. Changing the business environment across the EU is necessary but definitely not sufficient to kick start the VC-backed startup scene in the EU.

> big issue is that Europeans who want to invest in early stage VC do so in the States I haven't seen that personally, most of the VCs I've worked with here in Europe who live here in Europe, invest in European companies. Most of them invest in companies in the same country they live in, because it's a bit of a hassle to invest in companies from other countries currently (hoping that EU-INC makes that easier), but no…

This seems like a tautology - the VCs you've worked with in Europe invest in Europe.

However, most HNW Europeans who invest in early stage do not invest in the EU and therefore you will not have worked with them.

Re: EU–INC – A new pan-European legal entity

#204

Post by veltas »

atmosx wrote: post #154
kvgr wrote: post #73

Local Taxes… the issue with EU is the taxes and cost of labour.

I haven't come across a single list of problem from business orgs that lists EU or local taxes, even if particularly high (California, Canada?), as a problem. Usually, high taxes go hand in hand with high quality welfare state. Contrary to popular belief, the vast majority of business ppl are educated and understand the added value of an accessible publicly funded healthcare, pension and education system. Commonly li…

Every list of problems I see from economists of all brands explaining why e.g. the UK has such poor economic performance and such a severe cost of living crisis mention the complexity and scale of taxation in the country first as a barrier to economic growth and cause of inflation.

Re: EU–INC – A new pan-European legal entity

#205

Post by gpjanik »

GardenLetter27 wrote: post #184

Unfortunately this does not override employment and tax laws - so you still cannot hire someone as an FTE in Paris, from a startup in Berlin for example (without them being a freelancer, or you opening a payroll / tax office in France). But hopefully we can move towards that - standardised taxation (especially VAT and corporation tax would help massively here), the abolition of notaries, standardised requirements for…

You can, Deel etc. make this pretty easy.

Re: EU–INC – A new pan-European legal entity

#206

Post by te_chris »

academia_hack wrote: post #168

It's inordinately difficult and expensive to start an LLC or SA in some EU countries. It's even difficult and expensive to _stop_ an LLC and dissolve it. Huge amount of risk and cost on founders and a huge distraction from running a business. I think that EU-Inc _could_ be an improvement, but it needs to avoid the committee laundry list of ideas/requirements/form fields that plagues the EU startup ecosystem. My worry…

Truly, this is one of the greatest losses of the UK leaving. For both parties. Advising EU startups on where to incorporate that isn’t London could be so much simpler.

Re: EU–INC – A new pan-European legal entity

#207

Post by vladms »

carlosjobim wrote: post #134

There is nothing hindering European startups to raise money from all over Europe. Except that Europeans hate to invest in real businesses and love investing in real estate. American startups and businesses get investor money from all over the world, including from Europe. Willingness to invest in startups depends on the downstream of willingness to invest in business in general. If venture capital investors know that…

> In Europe it is hostility mostly all the way, from banks to regulators to governments, and so on

I have various experience with opening businesses and my impression is that the quality of service is the same as for personal matters, not worse nor better. My complaint (for both personal and as business) is that you stumble upon low qualified people that just do not care. If you know what to ask and how things work, it's mostly ok. If you need to discover by yourself (and nobody helps you) you will have headaches.

> Americans love new things and new ideas and see them as opportunities. Europeans see them as threats.

That's definitely true, and a big frustration for the entrepreneurial type. But, think like an American - see it as an opportunity! Once European are convinced things are not "a threat/evil" they will work more steady with you, for the longer term. I worked at a number of projects with US that changed direction so often that nothing was ever finished - because they always went for the newest idea. Not ideal either.

Re: EU–INC – A new pan-European legal entity

#208

Post by amunozo »

1317 wrote: post #133
dspillett wrote: post #107

Earlier quoted context omitted.

As the headline statements say “… EU-level …” rather than European, unless the smaller print explicitly mentions non-EU countries such as the UK I would assume that we aren't included.

"one europe" except for all the other bits of europe

Well, isn't it the same for America? America is more than the US. I know the name Americas is used, but that is more like an afterthought.

Re: EU–INC – A new pan-European legal entity

#209

Post by Limeray »

brabel wrote: post #46
causalscience wrote: post #29

Earlier quoted context omitted.

Wanna tell us more? Why has unifying the energy market been catastrophic for Sweden?

Sweden has plenty of cheap hydropower. But as prices are now tied to countries like Germany which made catastrophic decisions around energy, Swedes have to pay much more than if Sweden had an independent energy market.

[dead]

Re: EU–INC – A new pan-European legal entity

#210

Post by tcldr »

dbuxton wrote: post #118

Of all the challenges you face as a startup, the legal entity you choose is possibly the least consequential. Just choose a jurisdiction where investors understand how the legals work (Delaware C-corp, UK Ltd is OK too) and there's a finite administrative burden and/or commoditized tooling in place to help you handle it. Now, that may not work in all jurisdictions for reasons of local taxation etc (and you'll have to…

> Of all the challenges you face as a startup, the legal entity you choose is possibly the least consequential.

The amount of founders who choose to domicile their company in Estonia because the ticket rates and ease look attractive and who don't understand that this will still need to be administered in their local market as a CFC (controlled foreign corporation) would probably say differently.

> Just choose a jurisdiction where investors understand how the legals work (Delaware C-corp, UK Ltd is OK too) and there's a finite administrative burden and/or commoditized tooling in place to help you handle it.

That's exactly what EU-INC is trying to provide/solve afaict.

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