alt Hacker NewsYea 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?
Estonia is the easiest option, they've aimed explicitly for attracting foreigners starting companies in their jurisdiction without actually moving there. I'm not aware of any similar regulations elsewhere in the EU, typically you need at least one local on the board or something like that.
If you squeeze it you could probably get down to 3-400 euros per year starting from the second year (due to one-time fees the first year) if you do your own books and taxes and whatnot, but just paying upfront for keeping things neat according to the local bureaucracy is likely a kind of convenience you'd want.
I'd say you should start buying some services from european infra and compute providers and see if your ideas make money. You can get away with very little if you get some storage and processing time through e.g. Scaleway or Hetzner, and with a bit of fiddling I expect them to sell to you regardless of whether you have a company or not. If you start making money enter some Hetzner auction and get real hardware, cost will be predictable and typically you get a lot for the money.