Home >> News >>

Starting A New Business In The EU? Four Questions Every Founder Needs To Answer

Thursday, 11 January 2024, 04:40 Hrs

Starting A New Business In The EU? Four Questions Every Founder Needs To AnswerSo, you’re thinking of starting a new company in the EU? Congratulations, you’re about to embark on a truly incredible journey, but with such a wealth of opportunities at your fingertips it be a little tricky to know where to begin. Made up of 27 member countries, it’s an area without internal borders where citizens can move freely and set up their own business in any EU nation. But we all know that there are many reasons why you should set up your business in the EU, the real question is: where should you start?

What Are Your Business Needs?

This should be the first point of order for new companies: who are you? For any new business or industry there will be a checklist a mile long, from the rights of your employees to work to the tax implications of where you decide to set up your company, but the golden rule is always the same: know exactly what your business is set up to deliver and what your goals are. With the world in a tremendous state of financial uncertainty, you simply cannot afford to lack confidence in what you can achieve.

Which Country Best Suits Your Business?

With 27 member states to choose from, you’re going to be spoiled for choice when it comes to picking your ideal location, but it’s important to make the best choice from a business perspective. Just because you’ve always liked the idea of moving to, say, Paris, for example, that doesn’t mean that France will have the best set-up to complement your tech start-up company when the thriving innovation scene in Spain may be a better fit. Each nation state will have their own advantages and drawbacks, their own specialities and opportunities, and their own customer bases and clientele. Do your research before you commit to a decision.

What Benefits Are Available To Help You?

Everybody knows that every company wants to attract businesses, and as such each nation has their own incentives and opportunities for new companies to set up shop and start making money. At this early stage, it’s a sensible idea to seek some professional help to ensure you’re taking full advantage of what’s on offer. For example, if you’re looking into company formation in The Netherlands, some good news: you do not need to make a personal visit to start the process, nor will youneed a local bank account in the early stages. For more information about setting up your company in The Netherlands, House of Companies offers a range of services from tax and accounting to legal consulting, to full service company formation. Setting up in a new country is a huge undertaking and you are going to want to know that you’re in safe hands.

Will Brexit Have An Impact On Your Company?

As the date for the UK’s withdrawal from the European Union grows closer and closer, there are still many unanswered questions about what the impact will be for the United Kingdom and the rest of the EU. If your company is going to have business with or in the UK, it’s vitally important to stay up to date with the latest developments to ensure you don’t lose out.