Starting a business in Europe
Starting a business in Europe provides an instant gateway to one of the largest business hubs worldwide, featuring state-of-the-art infrastructure, robust legal protections, and a highly skilled workforce. With a $15.6 trillion nominal GDP, the EU ranks as the world’s second-largest economy and most significant trading block. In 2022, nine European countries were included in the World Bank’s top-20 list of “Ease of Doing Business Ranking.” Consequently, Europe continues to be one of the most alluring destinations for international business formation and investment.
Establish your business in Czechia, the heart of Europe, remotely and with ease.
Despite the challenges posed by COVID-19, the European Union is expected to make a significant recovery in the next two years. According to The European Commission’s Autumn 2020 Economic Forecast, the EU economy is projected to shrink by 7.4% in 2020 before rebounding with 4.1% growth in 2021 and 3% growth in 2022. In contrast, the US economy is predicted to contract by 6.5% in 2020 according to the Federal Reserve, with only 3.6% growth expected in 2021, potentially slowing down the recovery and delaying a return to pre-COVID levels until 2022.
While COVID-19 has presented challenges, it has also created opportunities for various industries, including IT, construction, transportation, warehousing, and others. As the vaccine becomes more widely available, now is the time to prepare for launching a new business or expanding in the post-COVID world.
The best countries to start a business in EUROPE
If you are looking to start a business in Europe, there are several countries that offer favorable conditions and a supportive environment. Some of the best countries to consider are Ireland, Denmark, Finland, Switz