Companies that are interested in entering the European market will need to choose a country that will suit their business needs and understand the local European laws and regulations. Here are some of the best European countries for business expansion, often targeted by foreign entrepreneurs who are growing their business.
Poland is one of the Central and Eastern Europe countries that offers stability and a good business regime, complete with low costs for opening and running a business. Manufacturing and trade companies prefer this location in Europe. Investors can set up a Polish branch to extend the operations of the foreign company.
One of the top European economies, Germany attracts a wide number of foreign investors. The country is one of the largest exporters in the world, it has good infrastructure and a highly qualified workforce. Many international companies have opened their branches in Germany. Investors can also choose to open other business forms, such as the private and the public limited liability company, with their respective advantages.
Montenegro has one of the most attractive tax systems in Europe, with a low corporate income tax rate (9%) as well as a qualified and low-cost workforce, compared to other EU countries. Branch formation is a simplified process and investors enjoy a stable and dynamic business environment.
Isle of Man
Resident and non-resident companies in the Isle of Man enjoy a 0% standard income tax rate, applicable to all types of income received, with some exceptions (for example, retail profits when the annual taxable profit exceeds a certain amount). Located close to the United Kingdom, the Isle is a good location to base an offshore company.
Other countries in Europe, such as the Netherlands, Ireland or Cyprus also offer a favourable business climate. This list is not an exhaustive one and it presents only some examples of countries in the EU where investors may decide to incorporate for business expansion purposes.
Entering the European market can present various growth opportunities for companies and can increase the overall revenue of the business.