Best EU Country for Business 2024

The best EU country to start a business in 2024 will involve multiple elements: the legislative environment, tax advantages, and business goals. No jurisdiction is a perfect fit for every entrepreneur; however, a number of states in the European Union offer favourable conditions for business registration, low corporate taxes, and residency or citizenship opportunities.

Starting a Business in the European Union: Key Considerations

Many entrepreneurs approach us with the following request: “Register a company in the EU with low taxes as soon as possible.” However, other priorities come up during consultations. For example, clients may also want to live in the country where their business is based or seek options for permanent residency or even EU citizenship. This can significantly affect the choice of jurisdiction, since some countries grant long-term residence permits in connection with business investment.

A Holistic Approach to Choosing the Best Country to Do Business

Migrating into the EU with the aim of setting up a business requires a wide approach. In this respect, corporate laws, tax systems, and immigration policies have to be weighed up against the specific objectives of the entrepreneur, be it:

• Low Corporate Taxes: Locating countries with low corporate tax rates will be of vital assistance in reducing the expenses of doing business.
• Business-Friendly Regulations: Find countries that allow smooth and swift company registration and compliance with regulatory issues.
• Residency and Citizenship Opportunities: For long-term residence or even potential EU citizenship, countries with business visa or investment-based residence programs will fit the bill best.

All these factors would need to be weighed with care so that the entrepreneur makes the best EU country choice for setting up his business with a view to achieve his financial and personal objectives.

We offer company registration services in different European countries

Which Country in Europe to Open a Business in 2024 and Pay Low Taxes

The number of companies registered in EU states has grown sharply over the last couple of years. Such a trend is driven by the urge to conduct business in economically stable and prestigious jurisdictions with available international markets. Businesspeople are willing to pay less in taxes and, at the same time, pursue an option related to business immigration to obtain residence permits for their families.

Profitable for large enterprises and individual entrepreneurs alike, registering companies in the EU is aimed at saving business expenses in 2024 and onwards.

Why Companies Register in EU Countries

• Stable Legal Protection: Companies registered in the European Union represent strong legal frameworks and good reputations because of government support. Many European countries have subsidies for special businesses, tax rebates, SME development programs.
• Lower taxes: In some countries, properly structured firms save a business a lot. What a business needs is the optimization of tax burdens, not evasion. Banking opportunities:
• Establishing a company in the European Union opens excellent opportunities for accounts in Lithuania, Spain, Switzerland, Portugal, Cyprus, and Malta despite all of those rather restrictive banking regulations existing there.
• Business development and access to the international market: A company set up in the EU is more prestigious, and its chances of cooperating with foreign companies and partners are higher, which often preferably select those coming from developed and stable countries.
• Access to Grants and Development Programs: Most of the EU countries have a special program for startups and small- and medium-sized enterprises, such as low business lending rates.
• Residency Opportunities: The company registration provides the grounds for business immigration, enabling entrepreneurs and their families to obtain long-term residence permits in case all legal conditions are met.

Advantages of Business Registration in Europe

Operating one’s own business in the European Union has a lot of advantages. Some of these advantages include:

• Low Tax Burden: Many regimes and incentives exist to minimize tax burden.
• Avoidance of Double Taxation: Because there are treaties between countries of the EU, there is usually a way for an entrepreneur to avoid double taxation of income.
• Developed Economic Environment: It ensures that entrepreneurs receive developed tools and services related to effective financial management, liquidity, and credit resources.
• Overseas Bank Accounts: European banking systems rank among the best in terms of service level, security, and confidentiality.
• Stable Political and Economic Systems: These create favorable conditions for undertaking business.
• Business Visa/Residence Permit Perspectives: Many countries have visa schemes to obtain different kinds of visas or residence and work permits.
• Internationalization: The registration of a company abroad allows for immediate access to the European market, one of the most extensive and developed in the world.
• Networking: You will be able to extend your portfolio of customers, find new partners, and improve profitability.
• Prestige: Company registration in Europe is associated with a high level of product and service, innovations, and social responsibility, developing the company’s image and attracting new clients or investors.

What You Need to Know Before Registering a Business in the EU

When choosing the jurisdiction for registration of the enterprise, it will be proper to take into consideration the following criteria:

• Taxation: Provide for a jurisdiction that has a tax-friendly environment with complete transparency. Aspects to look out include incentives for new companies, double tax treaties, and minimal income incentives for small and medium-sized companies.
• Cost of Business Incorporation and Maintenance: Also, take into consideration the minimum amount of required capital with various types of companies, average salaries, office rent, and the cost of banking services.
• Black lists: Try to avoid jurisdictions appearing on black lists composed by international organizations or EU lists, as it will make financial relations more complicated and possibly be the reason for extra bank scrutiny.
• Convenient transport link: The countries need to have fast and comfortable air connections with your country of residence for easy business operations.

Best European Countries to Start a Business in 2024

In today’s economic environment, Europe has a unique mix of stability, innovation, and entrepreneurial opportunities. Where one decides to set up the business often becomes a very important first step, since it could mean the difference between success or otherwise in years to come. The legal and tax experts at Regulated United Europe can give a detailed outlook into the countries within Europe with the maximum benefit availability to entrepreneurs.

Bulgaria

Opening a company in Bulgaria offers a number of advantages that make this country attractive to entrepreneurs and investors from all over the world. Here are a few key aspects that explain Bulgaria’s attractiveness for business:

1. Low taxes: One of the most significant advantages is the low corporate tax rate, which is one of the lowest in the European Union. This reduces the overall tax burden on businesses, making them more competitive.
2. Strategic location: Bulgaria is located at the crossroads between Europe and Asia, making it an ideal location for companies looking to expand their market in both directions.
3. Simplified company registration procedure: The Bulgarian government has simplified the company registration process, reducing time and bureaucracy, making it much easier to start a business.
4. Access to EU markets: As a member of the European Union, Bulgaria provides businesses with access to the huge EU market, which is a great advantage for export-oriented companies.
5. Skilled labour: Bulgaria offers highly skilled and relatively inexpensive labour, making it attractive to companies looking for efficient workforce.
6. Developed infrastructure and IT sector: The country continues to invest in infrastructure and technology development, especially in the IT sector, which is experiencing significant growth and offers many opportunities for technology start-ups and IT companies.
7. Political and economic stability: Bulgaria demonstrates stability in political and economic relations, which creates a favourable environment for long-term investments and business development.
8. Attractive investment climate: The country offers various incentives and support for foreign investors, including grants, incentives and other forms of support aimed at attracting foreign capital.

Overall, Bulgaria is an attractive option for starting and developing a business due to its combination of low taxes, strategic location, simplified company registration procedures, access to EU markets, skilled labour, developed infrastructure, political and economic stability, and an attractive investment climate. These factors make Bulgaria one of the most promising destinations for conducting and developing international business.

National Revenue Agency

Estonia

It is mainly famous for its innovations in digital government and e-business. It is probably one of the countries with the most advanced IT infrastructures in the world, with the ideal location to establish any kind of start-up and technology business. Estonia is a small country located on the Baltic coast. The country has taken some major leaps in the last few years concerning the development of the economy and sustaining a good business climate. These changes have resulted in an increasing interest on the part of overseas investors and entrepreneurs in establishing companies in Estonia. Let me summarize the major points that make Estonia a good location to carry on business activity.

• Digital innovation and e-Residency: Estonia is considered the forerunner in Europe in the area of digital technologies. It became the first country in the world to introduce the concept of an e-Residency, where foreign entrepreneurs would be able to set up an Estonian company and conduct business remotely. According to this approach, simplicity and transparency of business procedures are guaranteed, minimizing bureaucratic barriers.
• Tax policy: The Estonian tax system is special, highly favorable; it levies corporate tax only in cases of distribution of profit. It incentivizes the reinvestment of profit for company growth. Such a system works particularly in favor of startups and technology companies oriented towards development and scaling.
• Geographical location: Estonia is situated at the juncture between Eastern and Western Europe; hence, it’s a strategic contact point towards markets both in Scandinavia and other parts of Eastern Europe.
• Highly Skilled Labor: Estonia can boast an educated and multilingual labor force. The country has highly developed digital literacy, which enables Estonia to be a perfect place to locate for technology and IT companies.
• Stable and Innovative Business Environment: The political scene in Estonia is stable. Corruption is at a low level. Innovation is welcomed, and the government actively supports business development, giving priority to high technology and ecologically clean production.
• Support for start-ups and innovative projects, including various Estonian programmes for providing grants, funding, and support to innovative projects at different stages of enterprise development, attracts the interest of venture capitalists in innovative enterprises.

Developed infrastructure and technology: Estonia boasts of modern infrastructure and one of the most developed digital communication systems in the world. This provides businesses with high speed and quality of internet access, which is important for many businesses today.
Investment climate: From stability to innovative ecosystem to supportive business climate, Estonia can boast of attracting a considerable amount of foreign investments. Transparency and efficiency are qualities that investors hold dear in the economic environment in this country.

Opening a business in Estonia means having at one’s disposal an innovative economy, comfortable taxation system, skilled labor, and wider perspectives on business development in both European and global dimensions. Estonia brings together technological advancement, stability, and favorable conditions for business, which indeed make it one of the most popular countries to open a business in Europe.

Estonian Tax and Customs Board

Cyprus

International firms in Cyprus receive special tax incentives.  The low tax rates are also given to businessmen-citizens of Cyprus. These facts allow calling Cyprus a tax haven. The difference from the direct offshore zones is that the tax incentives in tax havens apply not only to foreign companies, but to all local ones.

A company may be managed and controlled from an office in Cyprus and still be non-resident.

Taxation:

1. Tax on the company’s profits from domestic operations – 10%
2. Tax on the company’s profits earned outside the country – 0%
3. VAT – 5-8% (the Company is exempt from VAT if the recipients of goods and services provided by the Company are non-residents of the European Union)
4. Tax on dividends – 0%
5.  Income tax on profit from trading activities on the stock market – 0%
6.  Capital gains tax – 0%

(A capital gain happens when assets are sold at a higher price than was paid when they were acquired, or when they give some kind of additional value such as interest or dividends. The capital gains tax is just levied on the difference between the current value and the initial value)

With company registration, there is an obligation to pay the state fee of 0.6% of the declared authorised capital.
Cyprus Parliament, at the end of August 2011, voted to amend the Companies Law. As a result of this vote, an annual fee of €350 was to be paid regularly to the Registrar of Companies. This is the fee required for the company to be in “good standing” and on the Register.

Audited financial statements are also submitted to the Tax Authority and the Central Bank of Cyprus by a Cyprus registered company.

Advantages

• Cyprus company is highly suitable for investment. Lots of offshore banks are available to the investors, which are not taxed on the interest rate.
• The confidentiality of the holders of the offshore account of the offshore banks, trusts, and international companies is protected stringently in Cyprus offshore.
• No dividend tax and no capital gains tax are payable by a holding company on gains from the sale of subsidiaries.
• The Republic’s status as a serious financial center, combined with EU membership and highest standard service.
  No exchange control.

Currency control is also part of the state’s currency policy in the field of organisation of control and supervision over compliance with the legislation in the sphere of currency and foreign economic operations, including: – control over the movement of currency valuables across the customs border; – control over the currency transactions; – control over fulfilment by residents of their obligations to the state in foreign currency.

Tax treaties with more than 50 countries.

The most significant advantage of a double taxation treaty:

• The rate of tax on dividends 5% or 10% given less than $100,000 is invested in the subsidiary, interest Precision, and royalties Precision kept at standard rates.
• Exchanging information with other countries

The agreement allows the exchange of information between other EU countries and Cyprus, even if the information is not required for tax purposes of those countries. However, the country from which information is requested is not obliged to provide the information, as long as such provision is against the law or public interest of that country. It is also prohibited to request information that is not available in the public domain of that country.

It is fair to note that, in nearly all cases, the Cypriot tax authorities have absolutely no information regarding the beneficiaries of private companies or any other material information. For these reasons, Cypriot companies that are registered through nominees, and information about the real owners, is confidential.

Individuals whose information is being retracted have to be duly collected in the records of the registrars. Professional secret cannot, therefore, be used to deny information concerning such persons.

However, the conditions under which professional secret may be lifted will depend upon state law. Thus, disclosure will not be a simple automatic administrative procedure, it will need the intervention of local government officials.

Opening a company in Cyprus can turn out to be the very step that will decide the expansion of your business and its entering new large markets. Due to the factor of uniqueness in its advantages, Cyprus opens great perspectives for growth and success in international business. However, success depends on careful planning, understanding the local business culture, and effective resource management.

Cyprus Tax Department

Ireland

Over the years, Ireland has grown into Europe’s technology hub. Its low corporate tax, highly skilled population, and close ties with the European Union, the UK, and the US attract many international corporations to set up a business company there. Undoubtedly, in the last few decades, Ireland has emerged as one of the most sought-after destinations to launch one’s business in Europe. Attractive reasons that make Ireland the destination of choice for setting up businesses for many international companies and entrepreneurs include the following.

• Low corporate tax rate: This has one of the lowest corporate tax rates in the European Union, hence attractive to international business investment.
• Access to the European market: It gives access to the EU single market, facilitating trade and expansion into European markets.
• Well-qualified labour force, educated people: Ireland possesses a high-quality educational system and skilled human resources with a majority of the population speaking more than one language, which is one of the most influencing factors in persuading scores of companies.
• Stable economic state, political environment: Ireland enjoys an advanced economic environment combined with a democratic political system; this forms an appropriate environment for doing business and a magnetic pull for foreign investment.
• Well-developed infrastructure: well-developed, modern transportation and technological networks are important for operational business.
• Government support: Irish government actively supports business by offering different investment incentives, grants, and tax breaks, especially in high-tech and export-oriented industries.
• Friendly business climate: Ireland is looked upon and considered as one of the friendliest countries towards business in the world, hence it is not cumbersome for foreign companies to set up and grow their businesses.
• Highly innovative and technology-centric: Ireland is actively developing industries related to high technology research and development, which becomes attractive to tech startups and research companies.

Putting all these factors together, Ireland is considered one of the most attractive locations in which to establish and expand an international business, especially a high-tech, financial service, pharmaceuticals, and IT industry business.

Irish Tax and Customs departments

Luxembourg

Companies incorporated in this jurisdiction are extensively used in order to create holding companies and investment funds as these companies are exempt from major income, property and dividend taxes.

The “offshore” company’s statutory office shall be in Luxembourg.

Taxation

• The foreign company is obliged to contribute 5% of its profit to a reserve fund in Luxembourg. This is not a permanent payment, it will be provided until the total sum reaches 10% of the issued capital.
• The annual fee in a form of state duty shall be paid in a form of 0.2 % of the authorized capital.
• The taxation liability of a non-resident company for corporate tax is only with respect to the profits arising from domestic operations. The foreign-sourced profits of the companies do not fall under any tax lien.

The corporate tax rate comprises three elements: the general income tax rate of 21%; the contribution to the unemployment fund of 4% of the general rate, that is 0.84%, and the municipal tax rate, fixed by the municipality; for example, in the capital it amounts to 6.75%. Hence, the total corporate income tax rate for a Luxembourg-city taxpayer amounts to 28.59%.

Generally, the withholding tax rate is 5% on outgoing dividends. Under a double tax treaty, the withholding tax rate might be different.

There is no withholding tax on dividends distributed by a Luxembourg holding company, an investment fund, or a securitisation undertaking.

No withholding tax is also withheld in case the shares have been held by the dividend recipient for at least one year and their value is at least €1.2 million. The dividend recipient needs to be a resident of Luxembourg, the EU or a fully taxable resident of Switzerland.

Dividends received from abroad by a resident company are exempt from taxation if the participation in the capital is at least 10 per cent or the purchase price of the shares is at least EUR 1.2 million.

Types of registered foreign companies and their taxation peculiarities:

SOPARFI – a financial holding company. The Luxembourg holding companies are not subject to double tax treaties.

Zero withholding tax on the dividend paid to a subsidiary/parent company in the EU. In the case of dividend payments outside the EU, the respective income tax rate would always be due but it corresponds, for similar taxable results, to the corporate income tax rate in Luxembourg; it can be reduced by an exemption via the tax treaty usually at least to 15% in practice.

Interest payable is not subject to source tax.

SIF – Specialised Investment Fund In principle, a specialised investment fund domiciled in Luxembourg is exempt from income tax. Subscription tax amounts to 0.01% per annum. The subscription tax is calculated with regards to the overall net asset value of the specialised fund. The company owes a one-off capital tax of 1,250 euros payable when it is established. SICAR – Company with risk capital investments -Capital authorized of at least EUR 1 mn Annual capital turnover tax EUR 1,250 Corporate tax 29.63% No restrictions under double tax treaties The profit distributions are not subject to source tax. Income from securities is tax free Proceeds from the liquidation of an undertaking are not taxed -for non-resident participants

Luxembourg doesn’t burden profits of offshore bank accounts with taxes. An offshore bank account in Luxembourg is an already guaranteed method of protection of capital. All information about the offshore bank accounts in Luxembourg is considered confidential and cannot be disclosed without express consent of the owner of such a bank account.

With its stable economy, privileged taxation system, strategic geographic position, quality of financial services, and level of living, Luxembourg combines a set of business opportunities nowhere to be found. In fact, it provides ideal conditions for international investors and entrepreneurs who want to expand their operations or break into the European market.

Business success in Luxembourg, on the other hand, requires careful planning and adequate insight into the local environment through identification of an ideal legal form of the company, strategic planning, observance of regulatory requirements, and standing on the front line of proactive commitment by local partners and regulators.

Generally speaking, Luxembourg therefore provides a very favourable business environment by means of a highly competent labour force, an innovative economy, and a stable legal system. It is thus one of the prime targets of international business and investments.

Luxembourg Inland Revenue (ACD)

Malta

In Malta, a closed and a public limited company can be incorporated. The minimum share capital of a public company is €46600 and for a private company it is €1200. At the time of incorporation, at least 25 per cent of the capital of a public limited company and 20 per cent of the capital of a private limited company must be paid up.

Taxation

The profit derived by a Malta resident company, whether in Malta or abroad, is subject to income tax at a rate of 35%. On the other hand, Malta doesn’t impose any withholding tax on dividends, interests and royalties remitted abroad and Malta has no transfer pricing or thin capitalization rules.

transferring the pricing, i.e., selling goods or services to interdependent persons at intracompany non-market prices, enables them to redistribute the total profits of a group of persons in favour of persons in low tax states. This is the most straightforward and common scheme of international tax planning, which aims at minimising the taxes paid; thin capitalisation – when the activities of the company are financed by borrowed funds).

Value Added Tax is imposed on the sale of goods, works and services in Malta. The VAT rate on the island is 18%. Some goods are subject to preferential rates of 5% – for example printed publications and hotel services, and of 0% for medicines and foodstuffs. No property tax exists and no turnover tax on the transfer of shares in companies owned by non-residents. Malta also has no exchange control legislation and a Maltese Company may conduct its economic activities in any currency in the world.

It would seem that Maltese taxation is quite severe and the corporate income tax rate does not indicate Malta as a low-tax jurisdiction. However, that is not the case. Actually, in Malta non-resident companies are entitled to a refund of taxes paid, which allows us to talk about the lower level of taxation in Malta compared to most countries of the world.

In essence, to be entitled to a refund of the corporate income tax, the foreign company has to be registered with the pertinent authorities in Malta as either a trading or holding company. The definition of a trading company is one deriving its income from trading activities, while a holding company derives its income from participation in other organisations.

All the income derived by a Malta company shall be credited, for tax accounting purposes, to one of four tax accounts, namely: “foreign profits”, “Maltese profits”, “profits from immovable property”, “non-taxable income”. Each type of income enjoys its own rules of taxation. The final amount of tax shall be credited to the fifth account “final tax”.

Example. Consider the two most usual cases: a Maltese company derives profits from trading abroad and from participation in other companies. In either case, such profits would be subject to statutory tax at 35 per cent, while such tax deducted from the dividends distributed is refundable to the Maltese shareholders. The rules governing a refund are different, depending on the type of income.

In the case when a Malta company obtains income from trading activity outside Malta, and the “trading” concept includes both purchasing and selling goods directly and/or providing services, then the shareholders are entitled, upon receiving the dividend, to file an application and get a refund of 6/7th of the tax pre-paid in Malta; in such an event, the effective income tax rate shall be 5 percent.

Where a Malta company derives dividends from shareholdings or capital gains, namely interest or royalties, the same profits may be taxed at a rate of 35 per cent. After the dividends are distributed to the shareholders, the latter are entitled to claim a full refund of the tax paid in Malta at 100 percent.

For a Maltese company to qualify for the exemption, the so-called “qualified participation” criterion needs to be satisfied. A qualified participant means that at least 10 per cent of the shares in a foreign enterprise are held by the company.

The tax refund system was extended since 2007, now covering all shareholders irrespective of their residence or;

Malta’s tax legislation has been brought in line with EU legislation: a Maltese trading company may henceforth trade in Malta provided the income derived from that trade does not exceed 10% of the company’s total turnover/income. Thus 90% of the company’s total turnover/income must be derived from overseas sources. In consequence, upon refund of the above-described tax, the shareholders of the Maltese company are left with an effective world-wide income tax rate of 5% taken on those profits.

Malta companies must file an annual financial statement with the Registrar of Companies. The names and addresses of the company directors and shareholders are matters of public record.

Malta has double tax treaties with 41 countries. However, entitlement to any tax exemption under a bilateral treaty would require the company to show, for the tax authorities, that income constitutes foreign-sourced income and has already been taxed abroad.

Malta offers a combination, probably unique in the world, of favorable taxation, strategic location, progressive regulatory environment, and high quality of life. With an overall score, Malta is bound to be a promising destination for international business development and investment, particularly for companies seeking expansion into the European and Mediterranean markets.

With all these advantages, Malta emerges as an attractive jurisdiction for international business, offering a unique combination of financial advantage, strategic location, and quality business environment. It therefore, on this premise strategically justifies the reason for any incorporation of a company in Malta for those businesses desirous of dynamic growth and international development.

Malta Tax and Customs Department

Benefits of business registration in Europe

A company which has been registered in one of the European states has a number of advantages that cannot be denied. Favorable conditions are based on many factors.

• The company will be working in economically stable and prestigious country with high level of business reputation. The majority of the governments of EU jurisdictions provide various subsidies. The companies of authoritarian states of Europe are not questionable;
• The well-developed system of state support for business: effective company development programs, tax incentives, grants, and loans on good terms;
• The exclusion of the possibility for offshoring, but opening accounts in European banks is possible, including Swiss banks.
• Tax planning opportunities – the tax rates in many countries were reduced to acceptable level. Considering the options, one should be interested in incentives for new companies, existence of double tax treaty practice, partnership and prospects for medium and small business;
• Preference should be given to the low-tax states, which are interested in inflow of foreign entrepreneurs and provide maximum number of benefits for them;
• The prestige of the company will turn into a real advantage: a European company is trusted in many countries. A market and partnership with the EU enhance your credibility in the international environment;
• Most countries’ legislations provide for residence permit and even citizenship granting to a person who manages to successfully develop a business.

Setting up an overseas business may require a lot of deliberation on many factors. First, one needs to decide on the country. One needs to make sure that a person can enter the country where registration will take place for long-term or permanent residence. Not all of these jurisdictions will necessarily require start-up capital immediately; some may only ask for your confirmation on the availability of funds.

When considering the type of business to open in Europe, it is necessary to study the industries that need development and support in the countries you are interested in. In this way, you will be able to choose the most favourable option for doing business in Europe.

Requirements to establish a company in Europe

Each of them has specific conditions depending on the existing regulations and legislation, but there is a bouquet of general rules that will have to be considered regardless of jurisdiction.

Required:

• • Name of the company, registered and unique;

• Documents on business registration in your home country;
• A list of the company’s officers;
• The name and address of the representative in the chosen country;
• List and number of shares, if such item is provided for;
• Form of the company and authorized capital with regard to the foregoing;
• Additional financial information: property and others;
• Objects and operations which the company is authorized to exercise;
• Certificate of company in good standing;
• Some countries will require a certificate of no criminal record in the country of residence.

The application pays the dues of the amount required by the law and awaits the decision on for the time given in the regulations. Also, it will be nice to either do your own studying of the local laws or consult with a lawyer; this would help to avoid any violations.

Tax legislation requires special attention, especially if you have plans to provide services not only in the country of registration. First of all, it is necessary to find out what rates of VAT will be charged.

How to register a company in Europe in 2024

When you choose a country, it is necessary to take a closer look at the main factors, which will influence the success of the venture:

• taxation;
• political and economic stability;
• in relation to the rights of intellectual property;
• the kind of activities that are welcome;
• the mentality of the locals and business etiquette.

It is possible to register a company in Europe within several successive stages, each of which needs a corresponding study of the legislation of the chosen country. It also implies the collection and proper execution of a number of documents, whose list is different for every country. Mistakes and inaccuracies in the gathered documents may result in prolonging the process and causing extra problems.

Whether opening a business in Europe pays off

Policy of the EU state is aimed at the creation of optimal conditions for foreign entrepreneurs, who besides making money themselves contribute to boosting the economy of the chosen country. The advantages of opening a business in the EU are described more in detail below:

1. Tax burden reduction: Fiscal system is usually the most significant factor considered for finding a country to start a company. The small and medium-sized businesses are usually given lower tax rates and many government incentives. For instance, Bulgaria has only 10 percent of corporate income tax. Due to this reason, many people consider business immigration in this country.
2. State support. By loans and grants, the European Union finances many projects and programs within multi-disciplines in various fields like education, health, consumer protection, humanitarian assistance, etc. The beneficiaries, persons receiving support, can be different and depend on the key areas of each project and priorities set by a particular member state. Funding is intended to incentivize the creation of jobs, enhance the competitiveness of business, spur economic growth, and improve quality of life for citizens.
3. The EU is also a great contributor to the world economy, with the union being an immediate market and a huge trading partner to 80 different countries. In contrast, only more than 20 states deal directly with the US. As such, business registration in the EU has contributed to an increase in revenue, considering that a company may be domiciled in one country and from there expand its influence throughout the EU.

There are also some complexities to consider in the moment of deciding to open a company in Europe:

• Availability of start-up capital. Some European countries require a foreigner to confirm that he has enough money to develop his own business in the EU. Some European Union states require that the authorized capital be fully paid in the moment of registering a European company.
• Tax codes and matters of compliance with them. Establishment of a legal entity abroad presupposes studying features of taxation, European and regional rules of carrying on business. For instance, in some countries, the opening of an office for more than 6 months may make the entrepreneur obliged to file an income tax return before the determined period; otherwise, a fine will be imposed.
• Business licences and business permits. If you want to open a company in Europe you have to be informed about the conditions that must be respected by the foreigners which are carrying out entrepreneurial activity. There are the most common licences and permits which are required for all businesses, and without them the business owner risks administrative or criminal liability.

How to open a business in Europe in 2024

In order to start a business in an EU country, a foreigner will be able to:

• familiarize yourself with the current regulations concerning business activities and requirements for business immigrants, go to the webpage of the relevant national contact point for setting up a company in a given European country;
• choose a country to start a business in and its legal form;
• prepare and submit documentation for an EU business visa to the embassy/consulate of your place of residence;
• meet the requirements for registration of a European company.

Forms of companies to start a business in Europe

The foreigner should choose the legal form of business corresponding to his/her strategic and operational goals. The most popular in Europe are sole proprietorship, partnership and limited liability company.

Individual entrepreneur (IE)

This is by far the easiest way to start a business in the EU. Registration is straightforward, and the foreigner has only to maintain basic financial records. He or she obtains all profits less taxes, but is personally liable for all debts. Each EU state has developed its own laws, regulations and administration rules for sole proprietors.

Partnership

This form of entrepreneurship is established by signing a formal agreement between the two or more parties: legal entities and individuals intended to conduct business together. It is clearly stated in the partnership agreement what the scope of authority is, how the profit is distributed, and what are the obligations between participants. There are 2 types of partnership: general one (full), when all partners take on the responsibility of possible losses, debts, and other obligations of the company; and limited one (limited partnership) when some of the participants are only investors without the right of the control and responsibility.

Limited Liability Company (LLC)

This is the form of business that can be chosen by various types of business entities such as trusts, corporations, and individuals. LLCs do not jeopardize the assets of shareholders through the segregation of personal liabilities from those liabilities created by the company. The incorporation of a limited liability company in most European countries includes the preparation of incorporation documents, depositing minimum share capital, and registration with the Commercial Register. In the LLC, management typically lies with the members, consisting of both the directors and the shareholders. Nevertheless, authority within the company may be relinquished from the founders of the business to the hired managers for the job.
Establishment of an LLC in Europe has numerous advantages and the most appealing is the limited liability of the owners themselves. One of the things it entails is that, just in case something were to go haywire, an owner will be liable for the debts of the company up to the amount authorized by the capital. Another critical advantage that comes with choosing a limited liability company is the capital required at incorporation. Most European countries have minimized the requirements of authorized capital for such a company. One of the best examples in this case is the Netherlands, as to open a Dutch limited company, one would only need 1 as authorized capital. Of course, the total costs will be higher, but the Netherlands still remains one of the cheapest European countries where one can start a company.

This is also where the good thing is that the requirements concerning the registration of such a company are virtually the same in all European countries and refer to the number of shareholders, the management of the company, and the residency of the directors. The minimum number of shareholders is usually 1 or 2 since the directors do not have to be residents of the country where the company will be registered.

 

Which form an entrepreneur chooses will depend on his business goals. Liability, taxation, control and capital increase are just some of the issues that a foreigner needs to study before deciding to start a European company. The assistance of a professional lawyer is necessary to assess all the factors on which the choice of business organisation is based.

Documents required to open a company in Europe

To open a company or start production in Europe, a foreigner will need the following documents:

• copies of the applicant’s foreign and national passports;
• business visa;
• certificate of incorporation of the company;
• letters of recommendation from the bank where the foreigner has an account;
• business licence;
• CV and photo of the applicant;
• legal address lease agreement.

The exact documentation that a foreign entrepreneur needs depends on the chosen European country and the form of business organisation.

Company Registration

The process under which a company can be set up is related to the country chosen within Europe, but there are some common points in this respect. Company registration takes usually 1 or 2 weeks. Opening a business in Italy, Denmark, the Netherlands, Poland, and Portugal by a personal visit takes 1-2 days depending on the field of activity. Most the countries also have a centralized body through which all the administrative procedures are routed. For example, Denmark has the Danish Business Authority and France has a registration centre, Centre de Formalités des Entreprises or CFE. One of the major things to do when registering the company involves the choosing of the name. A unique name is necessary since special authorisations might be required for the use of some words. For example, in the Republic of Italy, such words as “Italy” and “international” have to be approved. A foreigner will also need:

• obtain in the country where the business is to be conducted a registered office;
• open an account in a European bank, through which the payment of the authorised capital of the company shall be made when so required;
• ascertain whether there is a requirement to obtain a licence to conduct such business;
• to register with the trade register of companies.

Since the foreigners are not well aware of how company registration is performed, it tends to be a hectic chore for him/her. If the application for the incorporation of the company in Europe is not duly filled, the concerned authority will correspond with the foreigner and also request for more documents which will postpone the procedures. This might cause a hold-up of the proposed plans, especially if the founder of the business in Europe happens to be abroad. It is, therefore, advisable to contact local law firms or international business consultants who can register a company by proxy without the need for clients’ presence, thus saving lots of time, energy and money.

Buying a Ready-made Business in Europe

Besides setting up a new company, a foreigner also has an option of acquiring an already existing company. This option has its own merits:

• a company having a good financial history wins state tenders or gets bank loans;
• big businesses co-operate mostly with well-established ones whose previous business activities can be accounted for;
• in certain European countries, for instance in Germany, purchasing an off-the-shelf firm is less hassle and faster than establishing a new one.

Of course, there are some risks involved when you buy a ready-made business in Europe. Before buying a company, a foreigner should be cautious and check the background of the company for liabilities or any litigation pending against it. Following are basic 6 steps to be followed while buying a business.

• Seeking professional advice: The very well-qualified support in the course of negotiating with the seller, valuation, and purchase of the company itself is quite important; that is why it is highly recommended to consult a local lawyer in the very beginning.
• Information Request. In order to perform the analysis, ask the business’s current owner for financial statements; employee rosters in order of salary and years of service, customers, and vendors; machinery and other business assets; substantial contract information as well as any reports regarding debt and liability.
• Due Diligence. A seller will likely want a non-disclosure agreement in exchange for releasing details regarding his business. Any documents that the foreigner may be required to sign at this stage should be presented to a lawyer in order to ensure that they do not imply unspecified obligations. Government databases that may be available can be utilized while researching company details. Public source checks will reveal, for instance whether there are any liens on the business assets, taxes owing, outstanding litigation or human rights complaints and if the seller actually owns the property it is disposing of
• Agreement of the terms of the transaction. The parties to the buyer and seller must be identified, whether shares or assets are to be purchased, what its value constitutes when and how payment is to be made.
• Discussion of additional clauses. A buyer can offer to insert individually agreed clauses into the agreement, the amount of which will depend on the level of risks associated with the business. For example, secure a “Non-Competition Agreement” signature to avoid setting up a similar company by the seller later.
• Legal documentation preparation. It usually falls to the buyer to compile a package of documents which is forwarded to the lawyer for the seller for review prior to finalisation. There is, however, a relatively simple basic document used to record the main features of the transaction at an early stage – the “Letter of Intent” or “Schedule of Terms”. It deters misunderstandings and saves having to revise any of the clauses in the agreement on the eve of the sale. The chief legal document involved is known as the “Contract of Sale”. It encompasses all that pertains to the purchase, is based upon the contents of the “Letter of Intent”, and contains all the details of the transaction. The most significant paragraphs of the document for the purchaser will be the seller’s representation and warranties and description of the business assets and business-related liabilities.

How to find a business partner in Europe

There are 3 sources that will be helpful for a foreign businessman in order to find a reliable European partner.

1. An agency in which firms within most European countries can contact the government department concerned with trade, information, and resources. It has access to databases of foreign experts who deal in business, investment, and technology matters. The department advises on export and other ways of entry into a market. Enterprise Europe Network EEN is the largest network in Europe. It has an online database that provides trade services to companies.
2. Foreign diplomatic missions. In some EU countries, for example, the Netherlands, you may be in contact with embassies in foreign capitals, consulates in key economic centres and business support offices (NBSOs) in other regions. They know the local market, allocate resources and give advice in practical terms.
3. Business associations. This association of business representatives includes industry organisations, chambers of commerce and councils established to promote commercial activities with specific target countries. They serve as sources of information for the aspiring entrepreneur, as many of them maintain industry statistics and lists of members.

Advantages of partnership with European companies

• Bridging the expertise gap – a good partner can share expertise that is lacking or additional skills for business development;
• Saving of costs: having a business partner means that the foreigner will be able to spread a financial load for covering the costs and a capital investment required for entrepreneurship;
• Capital increase: the more partners there are, the more money can be available from their combined resources to invest in the business.

Best countries to open foundations and trusts in Europe

Selection of the proper jurisdiction for the registration of funds and trusts is an essential issue in the context of international asset management. In Europe there are many great options, all with their peculiar features and attractive advantages. In this part of the paper we will provide a general overview of the most appealing European countries for opening funds and trusts, regarding tax policy, legal stability, financial infrastructure, and asset protection.

Switzerland and Luxembourg are the leaders in the rating of the best countries for opening trusts and foundations. Their legislation provides unprecedented protection for beneficiaries, the registration of trusts is the most flexible, and risks are minimized. Let us remind you that according to the Global Competitiveness Index, Switzerland is among the 10 best countries for financial investments. This country is the largest centre of trust administration, and in 2007 Switzerland ratified the Hague Convention on trust legislation.

Best Jurisdictions in Europe for Funds and Trusts

Jurisdiction	Key Advantages
Luxembourg	Tax Incentives: Significant tax incentives for investment funds, including exemptions from income and capital tax. International Recognition: High degree of trust and recognition as a leading financial centre. Regulatory Environment: Progressive fund and investment legislation harmonised with European directives.
Switzerland	Privacy and Asset Protection: Regarded as a reliable jurisdiction for asset protection and privacy. Stable Economy: Extremely low political and economic risks. International Standards: Compliance with international standards and regulations for foundations and trusts.
Malta	Attractive Tax Policy: Favourable tax system with tax refund opportunities for foreign investors. Flexible Regulation: Adaptable investment fund laws for different strategies and needs. EU and Eurozone: Membership provides additional advantages in trade and investment.
Ireland	Asset Management Centre: Recognised as a leading hub for asset management. Tax Advantages: Competitive tax environment, including low corporate tax rates and incentives for investment funds. Supportive Regulatory Environment: Transparent and flexible regulatory structure aligned with international standards.
Netherlands	Strategic Location: Convenient geographical location for asset management in the European market. Tax Incentives: Availability of favourable tax structures and double tax treaties. Strong Financial Infrastructure: Well-developed financial system with qualified professionals.

Key Factors for Choosing the Right Jurisdiction for Foundations and Trusts in Europe

1. Extensive Tax Policy Analysis
In the country of choice, it’s relevant to analyze extensive tax policies and potential incentives. Even international tax planning could be considered for maximum benefit therein.

2. Knowledge of the Regulatory Requirements
One has to assess the regulatory environment, as well as particular requirements within each jurisdiction relating to funds and trusts, to make sure that the standards at an international level relevant to legal frameworks are satisfied.

3. Political and Economic Stability
This means that a stable political and economic environment has been chosen, reducing risks and ensuring sustainable management of one’s assets.

4. International Reputation and Recognition Assessment
This will give more credibility to your foundation or trust with investors and partners due to the strong international reputation of the jurisdiction in which it operates.

5. Access to Qualified Professionals
Qualified financial and legal professionals are important in the effective operations of both foundations and trusts in terms of compliance and operational efficiency.

It requires careful, sometimes painstaking research and a strategic planning process to identify an ideal European jurisdiction for incorporation of foundations and trusts. Some countries, like Luxembourg, Switzerland, Malta, Ireland, and the Netherlands, do have various benefits in terms of an advantageous tax environment, friendly regulations, and political conditions. Your specific needs will have to be harmonized with your strategic goals when determining an ideal jurisdiction for your funds and trusts.

If you intend to establish your business in Europe and are confused about the issue of a country in which you should register it, refer to Regulated United Europe lawyers. Our staff, including experts knowledgeable in the peculiarities of multiple jurisdictions in Europe, will be able to provide a list of options best suited for the particularities of your business, condition of taxation, and special needs.

Main Aspects to Consider While Choosing the European Jurisdiction

Taxation rate for corporate profits
Having a low corporate tax rate, such as Bulgaria, Cyprus, and Ireland, or having no obligatory corporate tax, like in the case of Estonia, will greatly enhance your business’s tax efficiency while in Europe.

Ease of Doing Business
While some European countries offer the opportunity to quickly and effectively set up a company without any physical presence, others may do so using cumbersome and useless bureaucratic procedures. It is worth studying the conditions imposed on foreign entrepreneurs when selecting a country to operate; some countries also impose the requirement of proficiency in the local languages in relation to doing business.

Cost of Establishment and Maintenance
If you are just setting up a micro-business, with perhaps only a few staff, seek the minimal start-up and ongoing costs. There is little point in establishing for example a Swiss or Luxembourgian company.
Remember the recurring costs of preparing accounts, audits, employing local staff and renting offices

Company Control Regulations
Learn about corporate law before you incorporate your business. Some countries – Switzerland and Bulgaria, for instance – require foreign-owned companies to have at least one resident director. This can complicate your operations, perhaps conflicting with your business model.

Confidentiality of Beneficiary Information
Countries that do not disclose company beneficiaries include the likes of Cyprus and Switzerland. Some – such as Estonia – publish information on who the members of a given company are.

Past Business Partnerships
Setting up your business in a European country with whom you already have key business partners will avoid much of this cooperation and inquiries from banks and tax authorities.

Employee Considerations
If you are required to hire a large number of employees to operate in Europe, consider setting up your business in a country with a lower cost of living, which typically has much lower requirements for wages. These factors ensure that you can remain profitable while still attracting qualified professionals to work for you.

Utilizing a Corporate Structure
Accordingly, international entrepreneurs can often achieve significant success with the use of a bundle of companies to achieve maximum benefits from various jurisdictions in order to increase their operational flexibility.

Additionally, the lawyers at Regulated United Europe provide legal support for crypto projects and assist with compliance under the MICA regulations.

Best countries in Europe to start a business

Choosing a country to launch a business in Europe depends on many factors, including economic stability, tax levels, ease of doing business and availability of resources. In this article, we will look at a few European countries that offer the most favourable conditions for entrepreneurs and startups.

1. Germany

Germany is Europe’s largest economy and offers a stable economic environment and a high standard of living. The country is attractive for business due to its skilled labour force, developed infrastructure and access to the vast European market. Germany is also known for its innovation in engineering, automotive and technology, making it an ideal location for technology and manufacturing startups.

2. UK

Despite the uncertainties surrounding Brexit, the UK continues to be one of the leading countries for business start-ups due to its flexible approach to entrepreneurship and innovation. The country offers an attractive tax system for businesses, particularly in the area of corporate taxation, and has one of the most dynamic startup ecosystems in Europe.

3. Estonia

Estonia stands out for its progressive approach to digital technologies and entrepreneurship. The country offered the world the concept of e-Residency, a digital residency that allows entrepreneurs from all over the world to manage their EU business remotely. Estonia has one of the most advanced digital government infrastructures and is an excellent choice for IT startups and digital technology companies.

4. Ireland

Ireland attracts a lot of international investment, especially in the high-tech and pharmaceutical sectors. The country offers one of the lowest levels of corporate taxation in Europe (12.5%) and is an important trade bridge between Europe and the US. Ireland is also known for its skilled young population and strong support for innovative businesses.

5. Netherlands

The Netherlands offers a favourable geographical location in the heart of Europe, which is ideal for logistics and trade operations. The country has one of the world’s most competitive economies, a high level of business ethics and an excellent transport infrastructure. The Netherlands is also known for its openness to international entrepreneurs and multicultural labour force.

Conclusion: The choice of country to launch a business in Europe depends on many factors, including the industry in which you plan to operate, the availability of resources, tax policy and the level of government support. Germany, the UK, Estonia, Ireland and the Netherlands offer attractive conditions for aspiring entrepreneurs and can be an excellent starting point for developing a successful international business.

 Cheapest country to start a business in Europe

When choosing a country to launch a business in Europe, entrepreneurs often evaluate not only the business climate, but also start-up and operating costs. While many countries offer attractive business environments, Estonia, Lithuania, Ireland and the Czech Republic stand out as the most affordable in terms of costs and taxation. In this article, we will look at what makes these countries a favourable choice for startups and small businesses.

Estonia: Europe’s digital front

Estonia ranks among the leading countries in Europe in terms of ease of starting a business thanks to its advanced digital infrastructure and the e-Residency programme. This programme allows entrepreneurs from any country in the world to register and run their business online. Estonia offers a transparent tax system with one of the lowest income taxes in Europe – 20 per cent. The cost of registering a business is low and most government and banking services are available online, significantly reducing administrative costs.

Lithuania: an attractive Baltic tiger

Lithuania attracts entrepreneurs with its open economy and moderate level of taxation. Profit tax in Lithuania is 15%, which is quite competitive among European countries. The country offers various tax incentives for startups, especially in the technology and R&D sectors. In addition, Lithuania is known for its low start-up costs and availability of skilled labour, making it ideal for new technology ventures.

Ireland: a bridge between Europe and the USA

Ireland is one of the best places to do business due to its strategic location, low corporate tax (12.5%) and strong investment support. The country offers significant tax incentives for R&D companies, as well as various grants and funding for start-ups. This makes Ireland an attractive destination for international corporations and technological innovation.

Czech Republic: the centre of Europe with democratic costs

The Czech Republic offers a convenient geographical location and access to the European market. The country attracts with its stable economy, skilled labour force and relatively low costs of doing business compared to other European countries. Income tax in the Czech Republic is 19% and the country offers a number of tax incentives for small and medium-sized businesses, especially in the areas of manufacturing and exports.

Conclusion: Choosing a country to launch a business in Europe depends on many factors, including the industry in which you plan to operate and your individual business plan. Estonia, Lithuania, Ireland and the Czech Republic offer significant advantages for entrepreneurs, including low taxes, support for innovation and access to a broad market. These countries provide excellent conditions for business development with minimal start-up costs.

 Start business in Europe

Starting a business in Europe can be a promising endeavour due to the stable economic environment, developed infrastructure and access to the vast European Union market. However, success in this region requires careful planning, an understanding of local legislation and effective cultural adaptation. In this article, we will look at the main steps and recommendations for setting up a business in Europe.

1. Choosing a country to do business in

The first step to establishing a business in Europe is to choose the right country. Each country has its own unique economic, legal and cultural characteristics that can have a significant impact on your business. Some factors to consider include:

• Tax policy: Look for countries with attractive tax laws and incentives for new businesses.
• Ease of doing business: Assess the complexity of business registration procedures and associated costs.
• Labour Laws: Understanding local labour laws is critical to managing staff.
• Market potential: Analyse the market and consumer preferences in the selected country.

2. Business planning

Quality business planning is the key to success in any market. Your business plan should include:

• Marketing Plan: Identify target market, product positioning and promotional strategy.
• Operational Plan: Logistics, production capacity and supply chain management.
• Financial Plan: Projections of income, expenses and break-even point.

3. Legal registration of the business

Registering a business in Europe varies from country to country. Some common steps include:

• Choosing the legal form of the business: It can be a sole proprietorship, partnership or corporation.
• Company registration: Includes filing the necessary documents with the state authorities.
• Opening a bank account: Necessary to conduct financial transactions.

4. Recruitment of personnel

Hiring qualified employees is important for any business. Europe has strict employment and social security regulations, so it is important to understand local requirements and the social guarantees provided.

5. Marketing and sales

Adapting marketing strategies to European audiences can require considerable effort, especially when it comes to multilingual and multicultural strategies. Investing in digital marketing, especially social media and SEO, can significantly increase the visibility of your business.

Conclusion: Starting a business in Europe offers vast opportunities but requires careful planning and understanding of the local environment. By choosing the right country and carefully planning every aspect of your business, you can achieve significant success in the European market.

Best country to start a business as a foreigner in Europe

Choosing a country to establish a business in Europe is a key decision for every entrepreneur. Estonia, Lithuania, Ireland and the Czech Republic attract foreign investors due to their openness, innovative programmes and stimulating entrepreneurial environment. In this article we will look at why these countries are the best choice for foreign entrepreneurs wishing to start a business in Europe.

Estonia: digital entrepreneurship at its best

Estonia has earned global recognition for its progressive digital policy. The country was the first in the world to introduce the concept of e-Residency, which allows foreigners to manage their business in the European Union remotely. Estonia offers a simple and straightforward taxation system, strong data protection and high-speed internet services, making it an ideal location for IT startups and digitally orientated companies.

Lithuania: friendly climate for startups

Lithuania has created favourable conditions for foreign entrepreneurs through various economic reforms and incentives. The country offers relatively low business taxes and stands out for its investment support in research and development. Lithuania also has a number of programmes aimed at attracting technological innovation, which includes grants and subsidies for start-ups.

Ireland: a strategic bridge between the US and the EU

Ireland is known as one of the most attractive countries for international business due to its low corporate tax (12.5%) and active policy of attracting foreign investment. The country offers significant tax incentives for companies engaged in research and development and has a strong infrastructure to support large and small businesses. Ireland is a favoured destination for US companies looking to expand their presence in Europe.

Czech Republic: convenient location and strong industrial base

The Czech Republic offers a favourable geographical location in the centre of Europe, which is ideal for companies seeking to expand in the European market. The country offers a stable economic environment, competitive tax rates and a well-developed industrial infrastructure. The Czech Republic is also renowned for its highly educated and skilled labour force, making it attractive to companies operating in high-tech and engineering fields.

Estonia, Lithuania, Ireland and the Czech Republic represent attractive options for foreign entrepreneurs planning to start a business in Europe. They offer a variety of advantages, including low taxation, support for innovation, strategic location and developed infrastructure. It is important to conduct a thorough analysis of the market and legal conditions of the chosen country to maximise the chances of success of your business in the European market.

 Open company in Europe

Europe is one of the most attractive regions for starting a business due to its stable economy, developed infrastructure and access to a vast market. Estonia, Lithuania, Ireland and the Czech Republic stand out among European countries due to their unique advantages for entrepreneurs. Let’s take a closer look at what makes these countries ideal for starting a company.

Estonia: innovation and digital economy

Estonia is recognised as one of the most innovative countries in the world, especially in the field of digital technologies. The country offers a unique e-Residency programme that allows foreign entrepreneurs to register and manage EU businesses online. This makes Estonia particularly attractive for those looking for efficient and minimalistic solutions for launching startups, especially in the technology sector. In addition, the country offers a transparent tax system with a competitive income tax and numerous state supports for innovative projects.

Lithuania: economic openness and market access

Lithuania offers favourable conditions for business due to its strategic location in the Baltic region and openness to international trade. The country has one of the fastest growing economies in Europe and provides a variety of financial incentives for investors, including tax incentives and research and development grants. Lithuania is also known for its quality education and relatively low costs of doing business, making it attractive to start-ups and IT companies.

Ireland: low corporate taxes and multinational corporations

Ireland attracts many global technology and financial giants due to one of the lowest levels of corporate taxation in Europe (12.5%). The country offers a favourable tax climate, a highly skilled workforce and developed infrastructure. Ireland is also an important bridge for US companies looking to expand their presence in Europe, making it an ideal choice for large investments and international business.

Czech Republic: central position and industrial development

The Czech Republic offers unique opportunities for manufacturing and export-oriented businesses due to its central position in Europe and strong industrial base. The country has a stable economy, low levels of corruption and maintains a healthy business environment with access to a large and solvent domestic market. The Czech Republic also offers relatively low operating costs and a well-developed infrastructure, making it attractive to various types of businesses.

Conclusion: Estonia, Lithuania, Ireland and the Czech Republic represent the four most attractive countries in Europe for foreigners to start a business. They offer a variety of economic and strategic advantages, including low taxes, a high degree of innovation, access to international markets and a supportive business environment. Choosing the right country depends on the specific goals and needs of your business.

 Open a branch in Europe.

The European market is an attractive arena for international business due to its economic diversity, stability and openness to innovation. For companies looking to expand their presence and strengthen their position in Europe, opening a branch in one of the countries – Estonia, Lithuania, Ireland or the Czech Republic – can be a strategically advantageous move. Let’s look at the key aspects and benefits of opening a branch in these countries.

Estonia: a digital leader with a unique business environment

Estonia is known for its innovative solutions in the field of digital technologies and e-government. Opening a branch in this country is particularly attractive for IT companies and startups due to the following advantages:

• E-Residency: A unique programme that allows you to manage your business remotely.
• Easy registration: The entire process of registering a business can be done online.
• Low taxes: An attractive tax system for corporations.

Lithuania: dynamically developing economy

Lithuania attracts foreign companies with its dynamic economy, especially in sectors such as manufacturing, technology and telecommunications. Opening a branch in Lithuania offers the following opportunities:

• Strategic location: Convenient geographical position for access to markets in Eastern and Western Europe.
• Talent: Highly educated population and developed higher education system.
• Supporting innovation: Government incentives for research and development.

Ireland: a gateway for international corporations

Ireland is one of the most attractive destinations for US companies looking to expand into Europe, thanks to:

• Low corporate tax: One of the lowest corporate taxes in Europe (12.5 per cent).
• Professional population: High proportion of young and multilingual professionals.
• Investment incentives: Attractive tax incentives and grants for business development.

Czech Republic: industrial and logistics centre

The Czech Republic offers a strong industrial base and excellent logistical opportunities for companies interested in manufacturing and exporting. Important aspects for opening a branch in the Czech Republic include:

• Central European location: Ideal for organising production and distribution of goods throughout Europe.
• Developed infrastructure: High quality roads, railway and air routes.
• Skilled labour force: Availability of technically savvy and multilingual labour.

 Estonia, Lithuania, Ireland and the Czech Republic represent attractive options for companies looking to expand their operations in Europe through the opening of branch offices. Each of these countries offers unique advantages that can be utilised depending on the specifics and needs of your business.Choosing the right country and understanding local conditions will be key to successful integration and long-term growth in the European market.

 Company in Europe with a bank account

In recent years, Europe has become one of the most attractive regions for international business due to its stable economic environment, developed infrastructure and favourable legislation. For foreign entrepreneurs wishing to open a company in Europe, one of the key aspects is opening a bank account, which is a prerequisite for business activities. Below is a detailed overview of the process of company registration and opening a bank account in Europe.

Step 1: Choosing a jurisdiction

The first step is to choose a country for business registration. Among the popular destinations are Germany, the Netherlands, Estonia and Ireland. Each country has its own peculiarities of business registration, taxation and banking. It is recommended to analyse the market, study local legislation and tax rates, and assess the political and economic stability of the country.

Step 2: Company registration

The process of incorporating a company in Europe usually involves submitting an application to the local registration authority, paying registration fees and providing the necessary documents such as incorporation documents, directors’ and shareholders’ details. In some countries, such as Estonia, this process can be fully automated and completed online.

Step 3: Opening a bank account

Opening a bank account for a company in Europe can be challenging due to strict anti-money laundering and counter-terrorist financing requirements. Banks require extensive documentation, including proof of business model and origin of funds. It is also important to consider that many banks require the personal presence of the founder when opening an account.

Step 4: Tax planning

Once a company has been incorporated and a bank account opened, attention should be paid to tax planning. This includes selecting the best tax scheme, possible tax incentives and examining any double tax treaties that may exist between the country of incorporation and other countries where the business is planned to operate.

Step 5: Compliance with legal requirements

The company must comply not only with tax regulations, but also with other legal regulations, including labour, health and safety and industrial safety laws. It is important to regularly consult with local legal counsel to maintain compliance with all requirements.

 Opening a company in Europe with a bank account requires careful planning and preparation. Understanding local laws, choosing the right jurisdiction and complying with all regulatory requirements are key elements of success in this process. It is advisable to seek professional assistance from international business and tax experts to ensure a smooth start of your business in Europe.