When looking for a suitable area of law to set up a company within the European Union (EU), many customers have difficulties in making a final decision in one country or another. Of course, every European country offers numerous advantages, but also potential disadvantages. That is why we always recommend our customers to carefully evaluate and clarify their goals and requirements.
The EU is an intergovernmental economic union with the aim of promoting free trade and achieving economic stability, as well as a common European internal market that encompasses the territory of the 28 EU member states. Setting up a business within the EU can therefore be a great opportunity for your company, not only in terms of access to this internal market, but also in terms of minimizing taxes and other financial risks.
Understand EU companies
In terms of incorporation, each country in the EU has certain specific advantages, not to mention specifics in the legal process for establishing a business, which may vary by jurisdiction. Some jurisdictions offer relatively quick and accessible remote business formation and maintenance, while others don't blacklist offshore jurisdictions or offer a great way to minimize taxation (sometimes as low as 0%).
Benefits of starting an EU company
The EU is currently one of the most important and respected trade unions in the world. With common European trade standards and financial and trade legislation, EU companies have a lot to offer when it comes to accessing the Western market.
Main advantages:
Friendly tax authorities
Understandable and predictable tax system
Ability to remotely integrate and maintain your company
Protection of confidentiality and nominee services