What systemic obstacles hinder your business in your country?
Business Marketing with Nika
9 replies
I am here on behalf of Slovakia. 🇸🇰
– Longer administrative processes (Bureaucracy is one of the biggest problems that makes people afraid to go into business when I asked them)
– Prepared new transactions tax in Slovakia from 1 April 2025 (0.40% on outgoing payments, with a maximum cap of EUR40 per transaction, 0.80% on cash withdrawals, no maximum cap)
– VAT rise to 23% in 2025 (from 20%) and the new reduced rate will be 19% (from 10%)
To name a few. (I didn't count other things because this post probably doesn't support such amount of characters. 🙂)
What is the business environment "regulated" by your country's system?
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André J@sentry_co
Finally fiat becomes more like crypto. Starting with "gas fees" on all transactions 🙃
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@sentry_co Unfortunately, that gathered money ends up in the hands of corrupted people so :D
but it is also a part of the democracy we voted for...
@busmark_w_nika Ah. Yes. Same as crypto then. 😂
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@sentry_co TBH, I trust crypto scams more than our government. LMAO :DDD
By Japanese law, a Japanese LLC like ours can't launch a C to C direct remittance service.
We can't create a system where revenue is instantly deposited into user's Stripe account when the user's paid content is sold.
It's legal if it's not direct remittance. So, we struggled but we overcame the obstacles.
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@kurachiweb so how do you handle that? Because when some user wants to support any creator – how can you do it?
Bureaucracy and red tape everywhere! Tons of paperwork and long wait times for basic business licenses and permits. The government seems to make it harder, not easier, to do business. Anyone know good ways to navigate the system more efficiently?
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@jasperelliotsinclair If we knew, we already would do it :D