What Are the Top 3 Best European Countries for Business Expansion?
- Feb 28, 2018 8:00 pm GMT
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Nothing affects a business' prosperity like the location of the business. It can be said that the location of business holds the key to the success of the business. So, whether seeking to branch out or expand operations, to begin a new business or relocate, all investors, business owners, and entrepreneurs should prioritize the location of the business. Europe offers lucrative business opportunities for companies expanding internationally. Out of all the European nations that offer fertile ground for business starting, only three countries are the best. These include the Netherlands, Norway, and Ireland.
The Netherlands offers foreign investors the "start-up visa" options that allow every investor is holding it to operate with increased flexibility and ease. The Netherlands makes investors feel right at home!
The Netherlands holds the most strategic positioning for an investor to access almost every market available. Some of the most accessible markets include the USA, Asia-Pacific and Europe. The startup visa comes with some requirements such as proofs of financial stability, facilitators in the country and a startup pitch. Also, Netherlands offers a great opportunity that companies expanding can take advantage of; its tax system is very considerate of international businesses. One of the best tax features it has involves the no withholding taxes option on all outgoing royalty payments and interests. Besides this, the investors have a chance to benefit from the tax break amounting up to 30% for all advanced and highly qualifying employees from foreign nations.
Furthermore, companies expanding internationally can benefit from the well-developed financial system that the country has. Its financial system is majorly focused on all financial trends and financial markets in the global realm. To make matters better, the country has a department within its ministry of economic affairs known as The Netherlands foreign investment agency, whose aim is to ensure a smooth transaction during the stages of company establishment or expansion in the Netherlands.
Norway has been regarded as one of the best countries in Europe to conduct business operations in. It offers many opportunities for companies expanding internationally. This proudly glacial Scandinavian nation boasts of it's numerous and uncountable online presence processes. Norway also offers options for online bank deposits, VAT registration, and online business enterprise registration.
Besides this, the startup costs for starting or setting up any business in the Norwegian country are not only low but are also relatively low. In spite of the nation not being an EU member, both home soil companies and foreign ones have unlimited access to all EU markets as per the EEA agreement. The public sector of the country has also ensured that whether incorporating or registering businesses, owners can have easy as well as straightforward access. Norway prides in its wealth and bountifully robust economy. It is one of the leading nations in shipping. The nation is the world’s biggest oil exporters and is also leading in maritime, aquaculture, hydropower, energy, telecommunication, environment as well as in aquaculture.
Companies expanding internationally may submit their VAT application alongside their company registration. Compulsory company plans such as employee pensions among others can be filed through the social security office of Pensions Agency and injury insurance.
In all of Europe, Ireland boasts of a stable economy and Ireland is the best country for foreign investments, six years in a row! The nation highly connects to many EU regions alongside the United Kingdom market that holds high potentials and consumer bases with incredible purchasing powers. Companies expanding internationally may face some obstacles, more so, if they are not EEA citizens. Good Irish lawyers guarantee hassle-free processes.
Ireland provides massive great opportunities for companies expanding to Ireland. Whether the company is seeking to open a regional office or the company is seeking to start from the ground. Ireland prides itself on having developed infrastructure and high rates of technological progress. Ireland also offers support to companies expanding internationally. The nation covers investors with entrepreneur start-up programs and immigrant investor.
Additionally, the nation ranks as the best opportunity for companies expanding to Ireland. It offers many tax benefits either global holdings company structures or completely mature trading operations. Ireland offers low corporation tax rates ranging between 12.5% and 6.25% for all the IP profits grown in the nation. An advantage of investing in Ireland is the 25% research and development tax credit. A tax reduction is offered on capitalized or acquired competitive holding firm establishment and IP joined to provide an unequaled choice location for internal investment.