Company formation on the territory of the European Union
Being one of the healthiest markets, Europe has stable and growing economy, mainly due to its private business sector. The EU's member states include some of the world's wealthiest and most productive countries. The EU governments appeal to foreign investors who took their decision in favor of European company formation. That results in the multiple financial aids and grants aimed at financial support of investors and entrepreneurs.
Forming a company in one of the European countries is the best solution if you plan to expand your business and target new geographic markets. To establish the European company formation, you won’t have to spend much time on the bureaucratic routine. However, the process can be quite daunting if you are unaware of the procedures and cannot speak the language of the country where you launch your business project.
The process usually takes 2-3 working days to complete the whole process. Afterwards, you will be given the EU VAT number and the registration in the Official Companies Register. The minimum starting capital for most of the country members of the European Union does not reach $1000, which is relatively low.
If you want to run your company in the EU, you may apply for a residence permit, what creates the conditions for business environment even more satisfactory. In addition, it’s worth to mention the following benefits of the company formation on the territory for the EU:
- european company is attractive for potential partners across the globe;
- stable economic and political situation;
- wide market with more than 500 million of potential consumers;
- sound labor legislation;
- business programs encouraged by the governments;
- legal tax savings;
- 0% VAT for cross border transactions
- world class banking system and so on.
In addition, don’t forget about high standards and well-structured regulations within the banking sector which create the basis of the financial flows into the business formation.
What should you pay special attention to?
EU VAT (input tax) number is the major mark that identifies the successful registrations of your company formation Europe as the legal entity in the Official Companies Register. All you need to have is a certified copy of your valid passport, bank reference and an original utility bill. Some countries may demand some additional document to complete the registration process. In any case, it won’t take you much effort.
As you see, EU company formation is not only simple for implementation, but also cost-effective.