Best EU country to start a new business?
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Hey there!
A few weeks ago, Nika, a fellow hunter, asked about the countries where doing business is more difficult.
But what are the best ones to start something new?
My partner and I are "digital nomads" (we don't like this term too much, but it clearly explains what we do) and have lived in different countries. We come from Italy, then lived in Portugal, and now we're in Germany (Berlin).
We feel like Germany is quite business-friendly (e.g. you don't pay taxes on the first 12000 euros you make), but we've heard of other EU countries where there are a lot of benefits associated with opening a new business there, like the Netherlands.
What is your personal experience, and which EU country do you think is best? Maybe we'll move there next lol
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I want to see opinions :D
TBH, the lowest taxes are in Slovakia, Hungary (but be careful about the political situation).
I would consider it among those European countries the Czech Republic.
Tho I do not think that Nordic countries are beneficial in terms of taxes, I think they have very high quality standards and safety conditions.
I know that many people also register their companies in Estonia. I speculated a lot, but it turned out that all the money I would like to "save" on taxes would probably be spent on administration and bureaucracy to manage that. :D
@busmark_w_nika I think that the economic and political situation of a country also affects your business, so yeah, probably Slovakia and Hungary are cheap and you don't have to pay a lot of taxes, but instability would have a negative impact anyway. At least, that's what I believe.
You tried registering a company in Estonia? I've heard that you can do everything online, but you need to register your residence first and live there for at least six months (if you're an EU citizen). Thought about it, too, but I think it's too cold there ahah
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@pamela_arienti Not me, but one of my friends. He registered online, and the only thing he did was that he received his card and physically got it from the Estonian embassy based in Germany. That's all.
@busmark_w_nika wow, that's super interesting, I thought you had to be physically in Estonia to prove that you live there. Will definitely consider it!
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@pamela_arienti I only heard this information :)