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not anymore in Italy you can create a new type of company: S.r.l.s. (società a repsonsbailita limitata semplice) with only a few hundreds euros I'm italian and owner of an S.r.l.s.

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Errrr, yes, that's what I helped create:

https://web.archive.org/web/20120831053519/http://www.govern...

It makes me very happy that it's working out for you!

Same in Croatia, 100 Euros for a j.d.o.o. (simple limited liability company) vs cca. 4000 Euros for d.o.o. (limited liability company 3k for capital, 1k expenses). I still wouldn't recommend, since VAT is 25% and capital gains is 20% (which is ok). Bulgaria and Romania have better terms and are within EU too.

AFAIK, LLC in Bulgaria requires no capital, there's 50 euro tax for the opening; VAT is 20% and the capital gains are 10%.

I'm honestly considering opening a company in Bulgaria instead of Croatia. I guess I'll visit Sofia within next six months and check out what I need.

If you have to go abroad, why not UK or Ireland?

UK - eventual Brexit and I'm doing business within EU, and Bulgaria is closer than Ireland, if I have to go there. If Brexit is canceled then I'll reconsider.

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