Incorporating an LLC alone (the equivalent of a c-corp is rarely used by startups over here) requires 3,000 EUR in the bank plus about the same amount in legal fees.
At least when I did start a Sociedad Limitada (LLC) around 8 years ago these 3,000 euro did not need to be provided in cash. Most -all? I cannot remember- of them could be the value of things you owned, like a computer (serial number provided). The valuation of the computer or similar was taken at face value. In case of debt from your company they would take these goods used as capital.
There are initiatives in some cities, like Barcelona Activa, so make it easier to start a company (simpler forms too) but overall I agree it is still a bit bureaucratic.
At least when I did start a Sociedad Limitada (LLC) around 8 years ago these 3,000 euro did not need to be provided in cash. Most -all? I cannot remember- of them could be the value of things you owned, like a computer (serial number provided). The valuation of the computer or similar was taken at face value. In case of debt from your company they would take these goods used as capital.
There are initiatives in some cities, like Barcelona Activa, so make it easier to start a company (simpler forms too) but overall I agree it is still a bit bureaucratic.