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by thoughtfunction 2619 days ago
With Article 13, GDPR, VATMOSS and other things I heard complained about from small businesses, I wouldn't want to start a company in the EU. At most I would hire employees there to work remotely.
1 comments

Meh. GDPR involves not being a dick with other people’s data, and don’t Americans have to deal with inter-state tax as well?

In the UK I can setup a new legal company in an hour online, and have access to top notch banking from across Europe almost immediately.

I see you haven't actually tried to do VATMOSS or GDPR compliance. It might be easy to register a corp, but you're walking into a liability minefield unless you do it right, which will be a few staff worth of people, or hope you're ignored & small enough to never be enforced upon.

And in the USA, you only pay sales tax for customers inside your state, unless you have something called a 'nexus' within the other states, which is simpler to avoid by staying put in a single state.

VATMOSS has a threshold before it kicks in now, as of 2019, so it should be a lot less of a hassle for the just-starting business.