[lfittl]

The simple fact that GmbH law greatly differs from UK/US corporate law makes it uncommon, and therefore cumbersome for any interested UK/US investors. Though obviously if you've got the traction they'll just bite through.

Also things like stock options, reverse vesting, convertible notes turn into overly complex issues when trying to re-create them in GmbH law.

And besides the additional bookkeeping/accounting burden, I have not encountered any issues with our current setup.

In regard to why Ltd+GmbH: We found the move-the-Ltd-to-Austria process a bit complicated, and also encountered the issue you mention, that people think of Ltds being shady/not trustworthy.