How can I move to Europe and start a business?


Published at: 30/11/2021 11:52 am

How can I move to Europe and start a business?

The European Union is open to entrepreneurs who want to live and start their businesses in Europe. Let's take a look at the most attractive countries to register your company and obtain a residency in the European Union.

 

It's good to know that the objective of the EU is to standardise the registration process of companies. It means that rather sooner than later, the registration process of the different types of firms will be almost the same in the 27 member states of the European Union.
 

The common objective is that EU nationals and foreigners may enjoy an attractive, fast and straightforward company registration process, based on the following characteristics: 

  • setting up a company in no more than three working days
  • cost of registering a company less than €100
  • completing all registering processes through a single administrative body
  • completing all procedure formalities online
  • registering a company in another Member State of the European Union online (through the national contact points) 

 

Is it easy to register a company for a non-EU citizen or resident? 

 

No, it is not straightforward for not EU citizens to register a company in a European country and do business freely in the European Union. All member states are trying to create attractive processes to bring more capital, investors and professionals. However, the registration of companies, the maintenance of the companies, and most importantly, doing business with the company needs significant time spent in the EU. You will need a residence permit to be able to use and efficiently develop your company. You can build a remotely managed company without a personal presence. Still, we suggest that it will always be better if you personally take care of your business. 

 

Where to get an EU residence permit and start a business?

 

Starting a business may fulfil the requirements of different countries' residency by investment programs. You can become an EU resident not only by registering your own company. The nations offer various investment options to fulfil the needs of the local economies. Please note that the following options are the most common forms to qualify for a European nation's residency or citizenship. 

  • registration of qualifying companies
  • buying the shares of an existing company (you can become a shareholder as well, don't have to purchase the entire company)
  • bring your funds to Europe and keep them as a deposit
  • creation of jobs
  • investment in several government projects
  • start-up programs
  • investment in real estate and properties
  • investment in real estate, venture, etc. funds
  • lump-sum tax

 

Does the EU help the resident investors? 

 

Yes, investors and entrepreneurs as residents or citizens can enjoy various attractive schemes and financial tools offered by 

  • The European Union
  • The national governments of the location of your residency
  • The national governments of the other Member States, where you would like to start or expand your business. 

 

Where to start your business as a resident in Europe?

 

Not all the EU Member States provide residency by investment programs related to business and offer tax incentives. However, there are some.

 

The best countries in Europe to become a resident and start a business:

  • Portugal
  • Malta
  • Andorra 
  • Monaco
  • Switzerland
  • Hungary

You can read here the details of the residency by investment programs of the countries mentioned above.

 

Or ask for a consultation if you need additional information. Our residency, international investment, and tax compliance experts are waiting for your questions!

 

Note: Malta Permanent Residency Programme offered under Licence no.: AKM-DALL-21

 

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