From what I understand, this seems to be a bigger problem in European countries (government/regulation included).
The cost of forming a German equivalent LLC is about 27,000EUR after legal fees, and take about a week to complete.
I heard a similar story from a friend who used to work at a German bank (a regional one). She mentioned that four or five copies of almost every single paper had to be made, with a copy going into a separate individuals inbox (a physical in-box).
Now she works for an IT startup in Alaska... You can imagine that she really appreciates the difference!
The cost of forming a German equivalent LLC is about 27,000EUR after legal fees, and take about a week to complete.
I heard a similar story from a friend who used to work at a German bank (a regional one). She mentioned that four or five copies of almost every single paper had to be made, with a copy going into a separate individuals inbox (a physical in-box).
Now she works for an IT startup in Alaska... You can imagine that she really appreciates the difference!