Ask HN: Where in European Union should I move to found a startup?

https://news.ycombinator.com/item?id=12530100

by cosmorocket • 10 years ago

8 7 10 years ago

news.ycombinator.com

I am a citizen of Russia, but for long time I had been working as an independent contractor for my overseas clients. Currently I am living on Cyprus with my family. I've been thinking about starting my own business in IT industry or areas connected to tech since my freelance career start 7 years ago. Now, in my early thirties, I have a feeling that I must make next step by stretching my knowledge as I want to achieve goals and quench my thirst for passion about what I am doing, financial freedom, fame, power, all things that make a man happy and satisfied.

I have some ideas that I am crystallizing and researching their profitability, sustainability, ability to grow and supply my demands of self-realization. One of projects I have in my mind now is a product to automate agriculture by providing a hardware & software platform to small farms that are numerous in European countries [1].

In researches for this product I am looking at the investment sources and see that there are public programmes for development of agriculture sector [2]. I think, my product could fall into one of categories of interest for these programmes.

My plan is to immigrate to Finland as an entrepreneur. It appeals to me to start a business, having transparent communication with authorities, clear tax schemes, emerging high-tech industry.

I am aimed to spread the product to other EU countries' farms that could get profit of it.

- Having the general picture of my vision and plans, can you please share your thoughts about my decision to move to Finland in relates to work on my startup?

- Is it a viable option to move to Finland to found a tech startup or am I wrong here? Should I look for other options?

- Is it possible for an immigrant entrepreneur to count for public programmes as a source of funding or publicity?

[1] https://epthinktank.eu/2013/04/12/young-farmers-in-the-european-union/fig-3-2/

[2] http://ec.europa.eu/agriculture/direct-support/index_en.htm

stevekemp• 10 years ago

[When I first wrote this your title was "Should I move to Finland .."]

I hate to be pessimistic, but if you do move to Finland you'll struggle enormously with the bureaucracy unless you speak Finnish.

Yes you can move. Yes you can move without a job, and you should be able to incorporate, and handle the minimal business things pretty easily.. But you'll get conflicting advice from every bank you speak to, and the process will be more grueling than you imagine.

If you're registered here, have permission to stay here, and you qualify I think the fact that you're a foreigner won't discount you from grants/funding. But again the language barrier will be pretty high.

(Source: Moved from Scotland to Finland. Love it. Not an entrepreneur, but I know a few.)

cosmorocket2• 10 years ago

Yes, I changed the title to broaden the topic to figure out the best alternative in European Union. Finland was so far my favorite variant. Thanks for your sharing!

NetStrikeForce• 10 years ago

I would have said UK in general and London in particular, but as we don't know what will happen in the next 2 to 5 years, I would steer clear from that.

Ireland and the Netherlands sound like the next reasonable options. Easy to do stuff in English, big pools of talent to poach from, very open to foreign companies and who knows, you might land a sweet tax deal while you're at it ;-)

DrNuke• 10 years ago

Baltic states are a lively option for entrepreneurship and startups in the EU nowadays, in particular Estonia, also probably more suited to a Russian family?

poushkar• 10 years ago

Berlin. https://www.youtube.com/watch?v=BG1RBMaPGb0

dorfuss• 10 years ago

Right now I live in Germany. Don't go to Germany - the bureaucracy is absolutely @#@#$ crazy. Today I went to a lawyer and to AOK (German NHS), they said two contradicting things, the system is insanely complicated, I waste SO much time an energy, people usually don't speak English and are absolutely NOT proactive, if anything happens they will not provide you solutions, and since they have a particular understanding of "professionalism" they will not smile, which makes you feel you annoyed them, offended them etc. and you will ask your self: "have I done anything wrong?".

I lived in Denmark and Sweden before, in both 99% people speak English, system is clear, helpful, forgiving, supportive. Coding environment is rich, strong, creative and growing. It comes at a cost - taxation is merciless, but if you plan to have a family and like outdoors, Stockholm is the place to go. Working conditions, days off, healthcare, childcare, you name it, it's great. In Denmark I lived with a woman who had a rare lung desease, lymphangioleiomyomatosis, and was waiting for a transplantation (M., rest in peace), the state paid for everything, a cab came twice a month to take her to cinema or restaurant, she had an extremely expensive light oxygen machine with which she could go for a walk or take a shower like a human being. So it's really great.

Poland and UK I would not recommend because of the political situation there is not sane or predictable. But both have surprisingly low taxation, I ran a company for two years in Poland, costs are very low for a big European country with good developers (e.g. you pay flat 18% income tax + ~300euros social&health insurance) and you can get junior developers (I know about .NET C#, Sharepoint) working for you for 1000 euros a month, seniors for 2000-3000. And life is extremely cheap minimum wage is something like 400 euros a month. I did accounting myself, the tax authorities did not penalise me for making a lot of mistakes and being weeks late with paying VAT (!!!) or totally messing up with the tax declarations (confused net with gross income and costs calculations). Most of the paperwork is done online, accountant will take as little as 30 euros a month to take care of it for you. To get incorporated (ltd.) costs about 500 euros for the lawyer and then a bit more for accounting, but you (if I remember correctly) don't have to have any initial capital - marvelous! There are also companies that sell ltd's with good credit history, so you can also easily buy a dormant ltd. company without much paperwork and quickly get a credit/ apply for European funding.

But now they are messing up with the law so I'd be careful.

A lot of warm things I've heard about the Netherlands and I would consider Amsterdam for myself as the next stop. Same situation - good social support, very open and direct culture, sane and predictable state and rules of the game, great high-tech environment, everyone speaks English. Big minus - once you employ someone it is VERY difficult to get rid of the person. Workers protection is great for the employed, not so much for the entrepreneur.

cosmorocket2• 10 years ago

Thanks man for the detailed report! I am thinking of Netherlands too, seems like they have very dynamic tech life and the business is lively.

Ask HN: Where in European Union should I move to found a startup?

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