[davidw]

I said 'making money' which is a bit ambiguous. At the very least, I think that if there is no income, there should be no taxes. After that... sure, it's complicated.

Point being, thousands of euro to open a company is ludicrous and harmful to aspiring entrepreneurs who are not already wealthy.

[StavrosK]

Where does this money go? I opened a company in Cyprus and paid a few thousand Euros, but it turned out that this was all for lawyers and accountants, and what was actually necessary was only filling out a few forms and 10 euros, if I recall correctly.

[davidw]

Minimum 10,000 euros of capital, although you can sort of get around that and "get away" with 2500. Yes, you can invest that in your company, but it's still sort of stupid to have to do it. Also, a notary must be involved, and they have a pretty hefty fee. Also, you must have an accountant involved, and then there are various taxes and fees to pay.

[StavrosK]

Oh wow, that's... bad.