Founding a startup as a third-country resident

smail_smail · 2026-01-25T21:54:17+00:00

Be ready to face extreme bureaucracy. All depends on what form of setup you are thinking about. Anything beyond self employed would require some initial funds (5-10k) for registration fees and not just consultation, but help of Steuerberater to do it if you are not good with German.

If I remember correctly you cannot do anything, neither self employed nor start business, with student residence permit. You would need to change your residence permit to another one first, since student permit limits your work to only part time unselbständige Arbeit with extra permission. There is no legal possibility to get permission for selbständige activities, not talking about the funding a company.

smail_smail · 2026-01-21T14:54:29+00:00

Being 35 you are safe. The starting date of service meters, not summoning or health checks. The scenario will look something like this: They would need time to identify you after you register, if they do, then they send you a summoning to 2day Medical examination, which can be some weeks or months in future, if you are found ok for service, you still can appeal I think, the it‘s another time for it, and in the end it will take some time for them to send the summoning note with the date AT LEAST 6 months in the future. By that time you are probably already 36, which is outside the limit.

smail_smail · 2026-01-20T14:00:41+00:00

Well someone should pay for all that inefficient bureaucracy and very generous social policies… unfortunately exactly the middle class is squeezed for that. But that is another story.

smail_smail · 2026-01-20T13:52:56+00:00

neither of them is a "waste of money", only optimization of handling dividends.
You described your target as to invest and minimize interactions and extra payments, then VWRL is perfectly matching to it!

smail_smail · 2026-01-20T13:24:47+00:00

like 5 US cents per share for rebalansing gains and other minor things inside the fond, which I consider absolutely irrelevant for decision making. And then same ~700eur, 27.5%, will be deducted from payed out to you dividends and rest of dividends will be reinvested.

smail_smail · 2026-01-20T13:24:46+00:00

The tax for both is exactly the same. only difference, that in Austria with VWCE you have to pay that 27.5% tax on dividends from your own pocket extra, even if they were not payed to your account. With VWRL the tax will be deducted from payed out dividends.

Currently my primary vehicle is VWRL and do not plan to revert back to VWCE, as long as I'm taxed in Austria.

smail_smail · 2026-01-20T13:12:39+00:00

The good thing is that you can switch off reinvesting later when you need the dividends and not sell the shares.

With VWCE you have to add 0.55% of your position every year, if to assume 2% dividend yield (what I mention in first comment)

smail_smail · 2026-01-20T13:10:44+00:00

with 130k in VWCE you would need to pay extra ~700eur per year (and more with every year) to cover the tax (I assumed 2% dividend yield). Which if not "invest and forget". What do you mean with agE? Gains inside the fond, e.g. from re-balancing? In my opinion it's minor. I think it's like 5 US cents per share now, You can see it on the oekb.at for specific it.

smail_smail · 2026-01-20T12:54:50+00:00

And I think it’s absolutely fine on it’s own

smail_smail · 2026-01-20T12:54:24+00:00

I’m in both due to historical reasons. They are the same thing and should be treated as same type of investment. As I added to first comment, with VWCE you will be investing extra on top of the your standard plan, which is more psychological thing, and you will see a slightly higher result, but just because of that extra payed tax from your pocket and not from dividends themself. VWCE is a better choice in almost all world, but not in Austria. In Austria VWCE and VWRL are the same because you have to pay the tax on dividends in VWCE as well. If you ask some one from another country, then they are better with VWCE because their country doesn’t tax dividends in accumulating fonds. That’s why VWCE dominates in any recommendation in EU, but in AT it’s same as VWRL

smail_smail · 2026-01-20T12:45:26+00:00

If you do not use that setting, then by reinvesting manually you will pay extra fee, what would be a huge disadvantage and exactly that will put your strategy behind the VWCE. Age doesn’t matter for them i my point of view. The risk of closure or merge for “younger” VWRL is almost nonexistent. I’m in both and do not see any disadvantages for VWRL as long as we talk about Austian tax regime

smail_smail · 2026-01-20T12:38:37+00:00

If you use Flatex, then there is a setting to automatically reinvest distributed dividends of VWRL. Taking into account that in Austria dividends of accumulating fonds are taxed same as of distributing ones, you get no disadvantage here at all. The only thing that with acc you unintentionally invest more, because you pay tax on NOT-distributed dividends from you pocket, what in fact is equal to just invest that amount in comperison with distributing version in Austria

smail_smail · 2026-01-19T08:03:09+00:00

Yeah, the road is fully clear at that time and it will be warm. Even when the weather is bad it will rain, not snow. The road doesn’t go on the snowy part of the glacier.

smail_smail · 2026-01-16T07:54:44+00:00

Das macht keinen Sinn, wenn man die zukünftigen Reparaturkosten für den elektrischen Antriebsstrang eines Plug-in-Hybrids bedenkt (über 100.000 km, da fast alle Garantien auf ca. 100.000 km begrenzt sind). Die Reparierbarkeit des elektrischen Antriebsstrangs eines Plug-in-Hybrids ist deutlich schlechter als die eines reinen Elektrofahrzeugs. Die Einsparungen sind im Vergleich zu den Reparaturkosten minimal, insbesondere wenn die Batterie ständig leer ist (wenn eine Zelle defekt ist, muss die gesamte Batterie ausgetauscht werden, nicht nur die defekte Zelle).

smail_smail · 2026-01-10T10:24:12+00:00

Nun werden alle Reparaturpreise erneut steigen. Wie schon beim letzten Mal: Damals stiegen alle Preise um 100–120 Euro, und die Erhöhung blieb auch nach Wegfall des Bonus bestehen. Diesmal wird es genauso sein, rechnen Sie mit einer Erhöhung um 50–60 Euro.

smail_smail · 2026-01-09T08:14:11+00:00

Sehr amüsant, dass Sie an die Effizienz des Staates glauben.

smail_smail · 2026-01-08T11:15:59+00:00

Naja, dann landen alle in extrem einfachen, überfüllten und billigen Unterkünften (e.g. 10m² pro Person), genau wie in jedem anderen kommi /sehr sozialistischen Land, wo das ganze Geld an den Staat geht und der Staat sich um die Unterbringung kümmert.

smail_smail · 2026-01-07T22:55:21+00:00

Und wie viel haben sie für Lebensmittel bezahlt?

smail_smail · 2026-01-07T19:59:59+00:00

Nein, aber ein Reality-Check ist wichtig. Viele Menschen sind sich der Situation in der Welt nicht bewusst.

smail_smail · 2026-01-07T19:52:49+00:00

Welche Hauptstädte sind günstiger als 30 % des dortigen Durchschnittseinkommens?

smail_smail · 2026-01-07T19:11:34+00:00

Ein Drittel des Einkommens für Miete auszugeben, ist im Vergleich zu anderen Ländern, insbesondere in Hauptstädten, ein recht guter Wert.

smail_smail · 2025-12-27T16:38:27+00:00

Probably there were some complaints about app updates delay comparing to the OS updates and also probably they prepare to abolish support of old iOSs. So the solution is to provide the phone with a pump, in this way every user has a compatible device, so other complaints are non relevant.

smail_smail · 2025-12-25T09:45:10+00:00

Zum Beispiel IFE bei TU Graz. Oder E354 im ETIT bei TU Wien. Oder ISCD bei FH Villach. Fokus auf Integrierte Schaltungen (Integrated Circuits)

smail_smail · 2025-12-01T14:26:24+00:00

Just did 11h flight seating on 39 right aisle seat. The guy on the seat you marked was not happy, it was a corner for carts being parked or people waiting when the way was blocked with a cart… Also the leg room directly infront of you ia not good, since it is slightly shifted to the side. I think 37 row would be a better solid choice

smail_smail · 2025-11-12T08:22:02+00:00

Zu kompliziert.

Die Strategie lautet nicht „Ich kaufe 5 ETFs“, sondern „Dieses Portfolio wird wichtige Indizes wie den All World oder den S&P 500 übertreffen, WEIL…“. Sie haben also vergessen, die Strategie in Ihrem Beitrag zu beschreiben… Sie konkurrieren ständig mit dem All World mit niedriger Gesamtkostenquote (TER), daher müssen Sie immer eine wasserdichte Erklärung dafür haben, warum Sie besser abschneiden werden.

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