alt Hacker NewsWith permits and fees and accounting assistance you'd probably land around 1500 per year having a OÜ company in Estonia. If you aren't going to make more than that I don't really see the point of having a company, you might as well save up that amount in cash and hold it in case you personally become liable from whatever activity you want to do.
Yea probably doesn't make sense for just starting out.
I think this might be the only option available right? Do you know of any other option perhaps cheaper than this?
I think I can only promise at this point that if project becomes worth it ie. makes reasonably lot more than >1500 per year then the project might migrate to as such.
I was seeing an estimates of 300$-400$ on internet and I assumed that was expensive (here, the MSME's don't even require a company formation itself & you get benefits of payment dispute collection & investment from govts directly and lower rate loans and you can get it all online just using aadhaar card which everyone has)
LLC's are a bit of a mess with accounting (I actually wanted to be chartered accountant during my middle school so I saw they make a bank in fees comparatively too) but its still pretty reasonable.
Anyways, what would be the best bet, would this still be the best bet or is there anything which can allow for something say cheaper/easier? Would say having an European co-founder might help comparatively in the fees/other options?