Yes I know we can register a UG, but in the end you don't. And it is not just the share capital that is annoying it is everything else.
It literally costs 10x more to do the bookkeeping for a German company vs a UK one. Plus getting investors is much more difficult because of the notary requirements.
We used a SPV for our first round, but even that is annoying. I had some angel investors pull out purely because we are a German GmbH.
Yes I know we can register a UG, but in the end you don't. And it is not just the share capital that is annoying it is everything else.
It literally costs 10x more to do the bookkeeping for a German company vs a UK one. Plus getting investors is much more difficult because of the notary requirements.
We used a SPV for our first round, but even that is annoying. I had some angel investors pull out purely because we are a German GmbH.