European countries offer many business and financial incentives to foreign investors looking to establish a company in Europe, making it a potentially very profitable business move. A thorough knowledge of the local market place is essential in order to use the incentives offered to your advantage. Our team of experts know Europe like the back of their hands, and specialise in the intricate field of European Company Formation and Company Incorporation.
European Company Formation usually requires shareholder(s), share capital, director(s)-number dependent on country – audit and disclosure, bank account, VAT registration, tax planning, and a local serviced office.
One downside to setting up in Europe is navigating the comprehensive legal requirements. However, with established offices and national representatives all over Europe and globally, we are perfectly positioned to handle all the pitfalls and legal jargon for you.
There are many foreign investment incentives across the whole of Europe, and some of them are detailed below:
Firstly, Ireland currently has 0% corporation tax for the first three years after a recent introduction of The Taxes Consolidation Act, which was passed to promote and encourage new business activity in the traded sector of the Irish economy.
In Germany you can set up a company with no requirements for share capital.
Spain has a VAT arrangement where the standard VAT rate of 18% has been reduced to 8%, with a further incentive of just 4%.
Bulgaria, Cyprus and Hungary all have a corporate income tax of just 10%.
It is possible to open a company within a day in Turkey, United Kingdom and Latvia (Shelf companies only in Latvia).
In the Czech Republic investment in new manufacturing is given 10 years full relief of corporation tax and the state pays up to half of the costs for investment into business and technology.
Luxembourg’s corporate income tax can be reduced to below 1% if you qualify for a strictly defined class of holding company within the standard structure.
In addition to these country specific incentives many European countries also have a number of double taxation treaties and particular incentives for setting up in low development or high unemployment areas.
At openaeuropeancompany.com we offer a full turnkey service for Company Formation in Europe. This includes company formation in more than twenty European countries; availability of a wide range of Company Incorporation packages; rapid formation of shelf companies in various locations (a premium charge is applicable to these services); bank account, nominee director and office services; tax planning and offshore trusts and companies; and managed services and business consultancy.
Our company is completely English speaking but we liaise with our European country representatives at our diverse range of European branches to handle all aspects that require a foreign language speaker. This removes any language barriers between you and your desired country and enables you to communicate in your own language.
All of the business packages we offer are rolled into one fee; the amount we quote you is the total amount you will pay and there are no add ons, although translations and notarisations are quoted separately according to file. This is quite simply the most comprehensive, best value and simplest way to set up your company abroad and anywhere else in the world.