This here is the problem for most of EU countries.

We Dutch are proud how easy it is to do business here. Maybe, compared to some other countries. But starting a BV here and 1 month later finding a representative of a trade union (metal sector, which somehow semiconductors fall under together with car garages, petrol stations, steel factories..) and asking me to come to their office in person to explain what we do, and calculate how much their cut will be was weird at first. Of course being extremely busy with actual business, I forgot, and got a letter with an 100k Euros invoice attached. Apparently they assumed 15 employees with 45k gross salary, and thought this is a fair trade union contribution! When I didn't respond to that, while discussing it with our lawyers, they sent a fine over this invoice which made it 140k. This is all within 3-4 months of registering mind you! At the end the lawyers handled that, but yeah, what the hell..

That's crazy. Notarization in Estonia can be done entirely online using a digital signature, just like everything else here is done (including voting, getting married, getting divorced, filing taxes, opening/closing a company, etc). From all I hear Germany is still stuck in the 90s for some reason.

I agree. The notary process is a bit annoying, but it only costs 500-1,000 euros. Yes, that's not ideal, but if you're building a proper business, that shouldn't be an issue. You can typically get an appointment within a week, no matter where you are or where your company is registered. However, once the notary sends your documents off, it can take days or weeks for the registry courts to handle them. You have to register with ten other places yourselves, and there's no guidance. There are different forms and requirements, and the yearly costs just for a basic tax declaration are in the thousands. They can be 5-10% of early startup expenses for no good reason. There are also some shady setups, such as a private company handling the company registry for the state. You have to pay this company each year to publish your books. Accessing that data still costs money, except for the largest companies. It doesn't help with transparency, but it is a public-private rent-seeking nightmare that (possibly) arose due to conflicts of interest among certain politicians (the company's CEO has a higher-level position in political party) and lobbying.

I founded a UG and a GmbH in 2024. It took me 3 months total including visits to the notary (who charges a non-insignificant sum for their services).

I did this as a subsidiary for a US company and literally had to email and call people every few days to move the process along (mostly, it was the banks who somehow expected us to be a multi-national company and wanted to charge an arm and a leg just to let us open a bank account. Most banks outright refused us).

When the notary finally filed the paperwork to the court, the court replied after a few weeks with additional clarifications for which we had to go AGAIN to the notary to do the whole song and dance of them chanting at us in German at 1000 words per minute.

Everything took painfully long and delayed investment for while. People have absolutely no idea how painful it is to merely have the incorporated entity available. Then, it takes a few weeks to get your tax ID - this is when you can start employing people / accepting payments etc.

With experience and optimal prerequisites (good connections to a notary, single founder with default bylaws and no asset transfer into the company) you can do it in ~4 days, e.g. for a holding company.

I did it in ~2 weeks last year, where almost a week was caused by the coworking space I rent at not notifying me of the physical mail from the court. If that physical mail would be eliminated from the process you could probably do it in 2 days.

Apart from that, for any non-trivial situation, the majority of the time will be determined by how fast you can proceed through the process of adjusting your bylaws, etc. and evaluating tax situation (so lawyer + tax advisor waiting time).

(after that the process of waiting for a tax ID starts, which depending on where you live can easily be the slowest part and take ~6 weeks on its own.)

That is beyond hilarious lol. Finally found something the UK does better than the Netherlands ;)

They did. This can be done online since August 2022.

In the Netherlands it's much simpler. The notary only has to identify you for their record keeping, no mandatory reading of things etc.

And once identified for something you can easily authorise the notary to sign other things on your behalf as well.

We did that all the time when for example adding new entities to a group structure. Just e-sign the authorisation and that's all.

All of the heavy BV requirements changed in 2012. You can now start a BV very quickly, if you want you can do it online, and without any minimum capital requirement.