A new business takes a lot of courage, and this holds even for small businesses. Entrepreneurs must exercise their proficiency on different levels – from legal to finances, from marketing to sales, there is a lot to take in before taking off.
- Learn which countries are doing their best in welcoming new businesses
- Discover references to step-by-step guides for a great kick start
- Find out where your business could thrive at its best
Even now – with the Covid-19 pandemic-related setbacks – there still are opportunities to succeed as an entrepreneur despite the economic aversions. The experts at UENI have revealed the 6 best European countries that offer a favourable business climate to help fasten your decision-making process.
In Ireland, the economic boom of the mid-1990s to early-2000s gave rise to a period of growth known as the Celtic Tiger, which was based on foreign investment.
When the economic crisis of 2008 hit, Ireland too was affected. But thanks to the Celtic Tiger mindset it quickly recovered. Nowadays it holds a top position amongst the best countries where you can start a small business.
The Celtic Tiger is proof of how open the Irish governments is towards new businesses. With a low corporate tax rate of only 12.5%, this might be the country where you want to invest in opening a new business next.
This is also part of the reason why giant companies as Google, Facebook, LinkedIn, and Twitter opened their European head offices here. Would you be next? Learn more about Enterprise Ireland and don’t let this opportunity slip away.
A post-Soviet state, Bulgaria comes forth as a focal point for business people all over the world. It may be thanks to the fact that it does not have an excessive bureaucracy since it only takes 23 days to register a new business.
Perhaps it is the low administrative costs, which vary from 500 to 800 Euros. Or it may be the bank deposit for setting up a limited liability company, which is close to nothing at only 1 Euro.
The point is that Bulgaria paints the picture of a fortunate business conjuncture. If it sounds like the best deal for you, find out more about opening a business in Bulgaria through Invest Bulgaria Agency.
On the one hand, retail is one of the pillars that founded Amsterdam, and it is what makes Holland a favourable landscape for entrepreneurs. On the other hand, while the tax rates could get high, depending on your bracket, the Dutch Government offers generous public support for new business owners.
There is a good reason why Sweden currently ranks number 2 on Forbes’ best countries for business list and has been in top 3 consistently.
Speaking of Nordic countries, Norway holds a top position, too, when it comes to nurturing innovations and technologies, especially if they are related to increased efficiency.
The taxes can be high, indeed, but they are transparent, and the costs are balanced out by low investment risks. Norway offers public benefits and support, and if things don’t work, you can resolve insolvency for only 1% of your entity’s value.