Easy Countries to Start a Business in Europe
Europe has many dynamic national startup ecosystems, including the UK. In fact, eight countries in Europe were in the World Bank’s “Ease of Doing Business” ranking for 2020. As the second-largest economy in the region, the UK is well positioned to attract startups. In addition to being a leading trading power in Europe, the UK is a financial hub. British GDP growth is driven by services, so establishing a business in the UK is likely to be beneficial to your business.
Bulgaria is another attractive option for investors looking for an easy start in Europe. As a post-Soviet nation, Bulgaria attracts business professionals from all over the world in infoseek. The minimum capital investment is EUR50,000 and is doubled for companies that earn more than EUR50k. Additionally, an entrepreneur’s visa is granted in as little as three months, and is flexible. As a bonus, the investment requirement does not prohibit the creation of family-owned businesses.
Norway is also one of the easiest countries to start a business in, with minimal corruption and a quick and easy registration process in wordmagazine. Additionally, complying with tax laws is simple, and the majority of business registration processes are conducted online. While many people may disagree with Norway’s easy startup environment, Forbes named Sweden as the easiest country to start a business in Europe in 2017.
Denmark is another attractive option. Danish entrepreneurs enjoy access to the largest European consumer market. However, they will have to contend with a high cost of labour and tenacious bureaucracy. Denmark’s government has pushed for more flexible labor laws to better suit modern business needs in go90. The city of Copenhagen has the most active startup ecosystem in the Nordic region and a large community of business angels. Companies such as Zendesk, Trustpilot, and Too Good to Go have thrived in Denmark.
Portugal traditionally is not a highly-ranked country in the Easy-to-Doing Business Index. However, in recent years, the country has made significant strides in reducing bureaucracy and creating spaces for new companies to thrive. Portugal also recently opened a new tech visa for entrepreneurs in surfbook. In addition to a friendly environment, Portugal is home to a growing digital nomad community and freelancers.
Among the top three cities for businesspeople, Paris and Frankfurt offer a dynamic and cosmopolitan environment. Though expensive, they’re often cheaper to rent than London. Furthermore, there are many startups campuses and budget coworking spaces in Paris. In addition, France boasts a large number of tech hubs, a rich culture of precision manufacturing, and a low cost of living. The country’s business environment is considered to be the easiest place to start a business in Europe.
Norway consistently ranks among the top 3 countries for starting a business. The government’s website offers extensive information on starting a business in Norway. The English tax structure is designed to account for the lack of profits in the first few years of a new business in itsmyblog. Aside from its low startup costs, UK is also home to some of the world’s largest airports and deep seaports, and has good rail links to the rest of Europe.
