Cost optimization - Presentation at the CORP Conference
Our most important encounter at the CORP conference: Nawroz University in the Iraqi part of the Kurdish region would like to work with us.
Last Sunday my show with Helge Stark SpunktTalk.
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Tuesday my presentation at the CORP conference
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Hier zum Download Paper-PDF, Präsentation-PDF und Video
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Wednesday my most important meeting at the CORP conference
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Nawroz University in the Iraqi part of the Kurdish region would like to work with us.
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Network reconstruction after a blackout
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Are there protocols or are protocols under development for how the power grid can be rebuilt after a blackout with the support of decentralized batteries?
Which expert could you ask this question? In January 2021, I called international blackout and crisis preparedness expert Herbert Saurugg. Last Friday, he became a shareholder for the newly founded GEMINI next Generation Zrt. in Hungary.
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Discovered on the pages of Saurugg.net
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Hans Vanja Palmers
An altruist is an intelligent egoist;
because he knows that he can only be well if those around him are well too.
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3 Austria Specialties for StartUp Destruction
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Austria is a paradise for notaries and auditors, but a hell for start-ups.
This was also known in 2022, but the Austrian connection and the hope of getting out of the start-up phase quickly prevailed in the decision. Now that the reference to Austria has been dropped, it is time to draw the consequences.
- 3,500 € Minimum corporation tax
- 6,000 or more for the auditor to check 150 lines of accounting.
- 3,000 or more for the notary for a mini Annual General Meeting. The first Annual General Meeting in February 2024 cost € 5002.74. A cost estimate for an online Annual General Meeting was € 6,000.
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Turning extermination into expulsion to Hungary
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Surprise, even Switzerland is considerably cheaper than Austria. Switzerland has none of the 3 Austrian specialties. The conditions in Hungary are by far the best.
- No minimum corporate income tax
- An auditor only becomes mandatory from HUF 600 million, currently € 1,591,849.80, and is considerably cheaper than in Austria because there is competition and no cartel with price fixing.
- A general meeting is only subject to notarization if the articles of association are amended. "The general meeting is authorized to resolve [type of amendment to the articles of association]" is therefore often included in the articles of association in order to avoid a notarial obligation in many foreseeable cases.
It's not just about the cost, it's extremely demotivating to have to find €6,000 for an auditor to check a mini-account of 150 lines. Of course, I also looked for other auditors. It's as funny as looking for a cheap offer for an elevator before the EU Commission's antitrust fine in 2004.
Me: StartUp with mini bookkeeping, almost no work
WP: You can expect to pay between €6,000 and €10,000
How is that supposed to work? Just a few years ago, you would have had to rely on start-up service companies. Today there is Grok, the AI of X. I created the draft articles of association in around 40 hours of work. Several variants are conceivable for the company headquarters. All communication is digital, so the mailbox at the registered office does not need to be constantly monitored. See §1 (3) of the articles of association.
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5 million share capital is the minimum
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Fortunately, that's HUF and only €12,778.38. Ideally, the company should be founded with over €24,000 in share capital. The foundation should take place in April 2026. Part of the capital is already in the deposit account. There are some pledges, but they do not yet appear in the account.
The search for investors for the prototype will only continue after the successful foundation of the Zrt (unlisted public limited company in Hungary). Finding €400,000 requires different methods than finding €24,000.
The prototype will most likely be realized on the property of Mr. Kamml, which is located directly south of ADEG in Unken. The proximity to Salzburg is a locational advantage for the planned invitation of industrialists and politicians from all over the world.
Every small contribution counts towards the rapid realization of the share capital. At the moment, multiples of € 120, a block of 30 shares for the buyer. 40 × € 600 is also € 24,000. Here to the share price development.
This far-reaching solution concept must not fail due to the total ignorance of investors in German-speaking countries. Perhaps I would have found an investor in the German-speaking world for "The self-sufficient survival house for the rich, only one million each". That would have fitted in perfectly with the local rip-off mentality. But that's not me.
Here is our offer to join in
There are already 14 entries on "Who are our shareholders?" I ask all old and hopefully soon numerous new shareholders for contributions of this kind. |
