Starting a Business in Europe – Tips for Non European Natives

If you are a non-European native, starting a business in Europe can at times seem very daunting. The regulations you must adhere to change from country to country within Europe, cultural specifics often come into play, and finding someone who actually speaks the language of your corporate destination may be hard to find. Even when you cross all of those bridges, how do you figure out which accountants or attorneys to use? Sure, you could spend hours, even days, scouring the internet, interviewing business formation experts and studying up on all the relevant business laws, but isn’t there a better, quicker, more reliable way of starting a business in Europe? The good news is, if you follow the 5 tips regarding European company formation for foreigners below, your incorporation will be as fast and painless as possible.

1 – Use only local business pros based in Europe

Laws and regulations can change right in the middle of your incorporation efforts, and if you are not employing locals that live and work in the country of your choosing on a daily basis, you can be sunk. Demand that the European company formation expert you choose use only locally trained and headquartered European lawyers and accountants to handle your corporate filing. They work with the bureaucrats who do the paperwork for foreign and overseas business incorporation on a daily basis, and can ensure you the fastest, most stress-free filing possible, at the lowest cost.

2 – Employ a seasoned European corporation firm

New players to the scene arrive all the time, offering ridiculously low price points for incorporation. But before you go with the low ball estimate, ask about the company. Have they been in business long? How many countries do they handle? How many companies have they formed in the past? You are a successful business man or woman because you understand that you get what you pay for. Don’t be misled by bargain basement prices where starting a business in Europe is concerned.

3 – Choose the right country in Europe

There are 27 countries in the European Union (EU), and each one has the freedom to set their own incorporation regulations. When starting a business in Europe, choose carefully, and find the right one to suit your business’ unique needs. Need tax freedom? Ireland offers 0% tax for the first three years if you qualify. Want cheap, skilled labor? Spain may be the country for you. A seasoned company formation expert will know exactly what each country has to offer within Europe.

4 – Pick the right corporate entity in Europe

A Sole Proprietorship is a vastly different animal from a Limited Partnership or Limited Liability Company. The vehicle you choose for your business, whether it is a new start-up, or you are purchasing a ready-made shelf company, is vital to the success of the business goals your company has. And different business formations have different rewards and requirements from country to country.

5 – Get a free consultation

Either through the internet, or by phone, only deal with experts that give you a free consultation before starting a business in Europe. Flat fee only companies with upfront payment schedules should be avoided at all costs. And on that call, make sure the European corporate expert answers each and every question to your satisfaction. Then and only then will you feel comfortable that you are in the hands of a respectable, trustworthy firm with your successful corporation goals in mind.