r/startups•
jamesftf

Where should I start to open my own startup in the EU or UK?

Hi guys!

​

I have been working on different technical solutions related to IT and now I would like to start selling (as a service and product) online.

I am wondering where should I start, who should I approach in regards to finances. (perhaps you know some companies/investors I should try) ?

To scale, I would need a team and need to pay them wages..

Hope it makes sense.

​

Regards

Posted Dec 6, 2019, 9:03 AM UTC

214
lucasvmiguel•

EU ia a better option in every aspect nowadays (Brexit)

3
jamesftfOP•

Brexit is still there.

But what would you suggest from EU?

1
lucasvmiguel•

Ireland is the best place to open if you are an English speaker, there are loads of companies/startups and also low taxes.

Portugal is the best place overall, everything is cheap and fast there, however it's gonna be really hard for you if you don't speak portuguese.

2
jamesftfOP•

Do you know what company I should contact about startups etc. in Ireland?

1
lucasvmiguel•

Unfortunately I don't =/

1
JohnDoe_John•

Estonia as an option, but its benefits are valuable for a narrow number of cases.

3
jamesftfOP•

Have you tried personally to set up there?

1
JohnDoe_John•

I did talk with a professional accountant from that country. Also, I got lots of feedback from those, who tried that. There are some pluses, but such option is not perfect.

1
sanket199•

Are you interested to do business in india ..I have start-up but no investor if you are interested then we can do if you don't mind

1
hayek92•

Capital wise - UK is the place to be. In 2019 there was more invested there than in Germany and France combined (source: https://app.dealroom.co/heatmaps/funding/countries ).

Talent wise - not sure. EU, Germany especially, has a liberal immigration policy whereas I wouldn't say the same for the UK.

1
jamesftfOP•

Thank you I will check now capital wise.

1
JohnDoe_John•

Where are your customers/clients?

1
jamesftfOP•

World wide.

1
JohnDoe_John•

Well, do you have plans for raising funds from VC?

1