[LanguageBarrier]

I would not recommend Bulgaria, Estonia or any other "dodgy" countries to form a limited company alas you yourself are from that country.

For a lot of big businesses simply looking at a company address where the country has no to bad rep is already a red flag. So you will have to do a lot of convincing work to do if you want to get funding.

Even a UK limited is the running gag in upper management since it needs next to no effort to create one and they are by default a risky to work with. In the past it was a common thing for dubious companies to create limiteds in the UK and this history is what drives the stereotypes of today.

That said I am confident that Germany is not the cheapest option tax wise and there is a lot of paperwork to do to get your company running. On the flip side you will inherently gain more trust with potential customers and investors.

[loxs]

I wonder how did you come up to put Bulgaria and Estonia in the same bucket. The two countries have almost nothing in common. I am a Bulgarian native and for my current endeavor I seriously consider creating an Estonian company.

[adventured]

The parent's comment ("dodgy") definitely doesn't seem to make sense. Estonia ranks fairly well internationally in terms of being non-corrupt and safe to live and do business in. It's at least on par with highly developed nations such as France or Japan and is better than most of Europe.

eg: http://www.transparency.org/news/feature/corruption_percepti...

[matt4077]

The dodgyness ("caninety?") in this case may actually be a result of their non-dodginess ("felinity?"):

Estonia is big on e-government and have apparently made the process of registering an llc really easy. That attracts all sorts of people for whom it makes a difference if the process costs $100 or $110. And that is – as a group – self-selecting for people you can't necessarily trust as much as others. The same mechanism is at work with British LLCs. Those became somewhat famous (being first in this market) because they were often used by people who couldn't start a company in their native country – most often because of messy bankruptcies that can get barred from trying again for certain periods.

[kintamanimatt]

Could you please elaborate on why you think Estonia is a "dodgy" country to incorporate in? I'm not sure of the reasoning behind your assertion!