EU co-founders in different countries
My co-founder and I live in different EU countries (Austria and Romania) and are both EU citizens. We’re planning to start a company and I am currently researching on how to go about it. Relocation for either of us is currently not on the table.
We’re comparing:
- Austrian FlexCo
- Romanian SRL
- Estonian OÜ via e-Residency
Estonian OÜ is something I have considered due simple and cost effective online setup, not for tax purposes. But most likely it seems that incorporating in either Austria or Romania is the best way to go about it.
My main concern is: Permanent Establishment (PE) and Place of effective management (PoEM) risk when founders actively work from different EU countries. From my research PoEM seems to be be somewhat reasonable to avoid with things like board meetings, banking and a single Managing Director (among others) in only the incorporating country.
Has anyone here dealt with a setup where founders live and work in different EU countries?
We will eventually look for someone specialized, but I would be really interested in any practical experiences around.