6 Greatest International locations in Europe to Begin a Small Enterprise Revealed
Starting a new business takes a lot of courage, and so does small businesses. Entrepreneurs need to exercise their skills on a number of levels – from law to finance and marketing to sales. There is a lot to do before you start.
In addition to mastering the essential marketing tools for running a successful small business, determining where it makes more financial sense to start a new business is a priority:
- Find out which countries are doing their best to welcome new businesses.
- Discover references to step-by-step guides to get you started.
- Find out where your business can thrive best.
Even now – with the setbacks related to the Covid-19 pandemic – there are still opportunities to be successful as an entrepreneur despite economic aversions. The UENI experts have identified the six best European countries that offer a favorable business climate to speed up your decision-making process.
Even now – with the setbacks related to the Covid-19 pandemic – there are still opportunities to be successful as an entrepreneur despite economic aversions
In Ireland, the economic boom from the mid-1990s to the early 2000s resulted in a period of growth known as the Celtic Tiger, which was based on foreign investment. When the 2008 economic crisis hit Ireland was hit too, but thanks to the Celtic Tiger mindset, it recovered. Nowadays, it occupies a top position among the best countries to start a small business in. The Celtic Tiger is a testament to how open the Irish government is to new businesses.
With a low corporate tax rate of just 12.5%, this may be the country you want to invest in starting a new business next. This is also one reason why giant companies like Google, Facebook, LinkedIn and Twitter have opened their European headquarters here. Would you be next Find out more about Enterprise Ireland and don’t miss this opportunity.
England ranks at the top thanks to the UK tax structure designed to support the lack of profitability in its early years as a new business
Bulgaria, a post-Soviet state, is a focal point for business people around the world. This may be because there is no excessive red tape as it only takes 23 days to register a new business. Perhaps it is the low management costs, which vary between 500 and 800 euros, or it can be the bank deposit for starting a limited liability company which is next to nothing at just 1 euro. The point is that Bulgaria paints the picture of a happy business economy. If it is the best deal for you, learn more about opening a business in Bulgaria through Invest Bulgaria Agency.
If you are legally resident or have a work permit in Holland there are many reasons why you might want to start a new business here. On the one hand, retail is one of the pillars that founded Amsterdam and that makes Holland a favorable landscape for entrepreneurs. On the other hand, the Dutch government offers generous public support for new business owners, although tax rates could get high depending on your bracket.
Norway is at the forefront when it comes to promoting innovation and technology. Photo credit: Travellaggio / Bigstock.com
There’s a good reason Sweden is currently number two on Forbes’ list of the best countries for business and is consistently in the top three. Sweden is known for its healthy economy, which is why startups always thrive here. Popular and successful companies like Skype and Spotify are made in Sweden. The government of this Nordic country is also known for promoting innovation and entrepreneurship, as well as providing support to new business owners, which offsets the high cost of living.
In relation to the Nordic countries, Norway is also at the forefront when it comes to promoting innovation and technology, especially when it comes to efficiency gains. Starting a small business in Norway is just a few clicks away as the entire process of starting a new business is completely online. Taxes, while high, are transparent and costs are offset by low investment risks. Norway offers public benefits and support. If things don’t work out, you can get out of bankruptcy for just 1% of your company’s value.
England ranks at the top thanks to the UK tax structure designed to support the lack of profitability in its early years as a new venture. Registering your business in the UK starts at £ 12 online and £ 40 in the mail. It only takes 24 hours to complete. For more information, see our article on how to set up a business in the UK or on the HMRC website.