The business immigration to Europe will ensure a decent lifestyle and guarantee first a permanent residence permit, and then citizenship. In many states, the procedure for starting a business immigration in Europe is now being simplified and accelerated, which is even more tempting for foreign investors.
Business in Europe
When choosing a country to start a business, it is important to pay attention to its geographic location, laws regarding entrepreneurs, economic and political factors, and features of the taxation system.
Some countries are easier for business immigration to Europe than others. Leading from this point of view:
#6 Ireland
The country has one of the lowest corporate tax rates in Europe – 12.5%, as well as a favorable climate for the establishment of enterprises of various sizes. It is no coincidence that the European head offices of many well-known high-tech corporations (Google, Twitter, Facebook, LinkedIn) are located in Ireland.
#5 Bulgaria
The country is popular with entrepreneurs from all over the world. It only takes 18 days to start a new business, and the tax regime here is one of the most favorable in the entire EU. Moreover, the administrative costs are about 1% of the average income, and you only need to fill out 4 forms. Plus, you don’t need to have a certain amount in your bank account to open a new business.
#4 Netherlands
Holland is very friendly to entrepreneurs, in particular, a lot is done for them in Amsterdam. Despite the rather high tax rate (usually 52%, depending on the category), most entrepreneurs are satisfied with the attitude of the state and the services they provide.
#3 Sweden
A country where it is very convenient to start a small business. In 2021, the highest profitability for small businesses in 5 years was recorded – about 18.2% of net profit. The mechanism for transferring ownership is also simplified here.
#2 Norway
Norwegians are very positive about innovation and technology, especially if it means lower costs and increased productivity. You can start a small business here online, which will save time submitting forms and waiting for responses. Although taxes are high, several public goods and assistance to entrepreneurs are offered. Besides, if you go bankrupt, you can resolve your insolvency for only 1% of the company’s value.
#1 Great Britain
The Kingdom is characterized by a favorable tax system and investor protection. The tax structure in Britain is designed with a lack of profitability in the first few years after starting a business. Here you can also start a small business with minimal investment – for only 90 euros on average. You can start a new business online – it only takes an hour and costs about 15 euros.
Read more: Business Immigration: How to get a visa to the UK
Profitable directions for business in Europe
In Europe, the most successful are small businesses aimed at improving the quality of life of people and designed for a mass audience.
According to statistics of recent years, the most relevant in the coming years will be the following companies:
- engaged in the trade of modern household medical equipment and equipment: digital blood pressure monitors, glucometers, testers and other measuring instruments, massagers;
- the field of activity of which is IT-technologies and maintenance of digital equipment (phones, PCs, gadgets);
- construction orientation.
To more specifically determine the type of activity, you need to proceed from the capabilities and national characteristics of the country.
To open a business in Italy be focused on tourists, for example, a restaurant, hotel or taxi service will be very useful here. The tourist business is also popular in France, Spain, Germany.
In Ireland, the most popular spheres for aspiring entrepreneurs remain programming, pharmaceuticals, cosmetics manufacturing and sales, automotive, and food products.
Other popular types of business in Europe:
- opening of a small brewery;
- cleaning company;
- providing professional services for the elderly;
- internet marketing and advertising;
- online services, including the field of education – seminars, training, coaching, business schools, and other similar events;
- translation agency.
Of the interesting ideas that are starting to appear in individual European countries, they also deserve attention:
- bike and electric scooter rentals;
- in the field of tourism – the organization of tours for special categories of people, for example, for clients with disabilities;
- organization of healthy food service, establishments with a healthy menu, or vending machines selling “healthy” products.
Outcome
In general, the organization of a new business in European countries is quite an attractive solution for many reasons, including the absence of bureaucracy and corruption, decency, and honest observance of the law.
If you have the necessary finance and successfully introduce your business into a suitable niche, over time, you can get excellent results and good earnings. Moreover, you can quickly get a residence permit and become a full citizen of a developed and successful state by investing in EU countries.
