Grow your business in Europe
Dubai, United Arab Emirates, 22 October 2021 / PRNewswire / – Successful entrepreneurs are an ambitious bunch; whether it’s expansion, market share, profit, brand recognition or whatever, they always want more, and the good news is, that’s exactly what Europe offers – more of everything, including citizenship by investment.
The EU alone has the largest free trade markets in the world and its member states rank first for the ease of doing business in terms of cross-border trade. But it’s not just the EU, as the whole of the continent is proving to be extremely attractive to those looking to consolidate their business on the global stage while giving more credibility to their brand.
The perfect destination
If you are planning to open a store in Europe, you must first decide on the country in which your business will be established. The perfect destination is not only the most recognized brand, but rather a country that offers you two things; a fertile business environment and an easy way to access it through Citizenship by Investment.
Running a business is no easy task, and doing it in a hostile environment makes it nearly impossible, which is why you should choose a country with a strong economic landscape and rich in financial and corporate services that can strengthen the pursuit of the glory of your business.
The ease of registering a business, finding good employees, working under an acceptable tax and regulatory structure, and doing business with advantageous operating costs all make for an environment more welcoming business, increasing the chances that your business will not only survive, but actually thrive.
Obtain a residency
With all the planning, capital, and effort that you put into a business, you wouldn’t want it to fail on something as trivial as not being able to get a residence permit to actively run it, no. isn’t it? Well, unfortunately this happens more often than not.
Obtaining residency in many countries is a complex and exhausting process that can take years of patience to obtain approval. This riddle is particularly evident in Canada, Australia, New Zealand, and many more.
Some nations, such as Germany, boast of general and non-specific requirements and leave it to immigration authorities to use their discretion in assessing a case. And in most countries, if you want to get a residence permit based on your business, you need to register and start the business before you apply.
So, to be able to plan ahead, you need to choose a country that is both easy to access and easy to operate, and that is exactly what the following 4 countries offer.
European countries that tick all the boxes
Sometimes the stars align and an opportunity is presented to you that meets all of your needs. In case of opening a business in Europe, the alignment is so perfect that you don’t have one, but four great options.
The country linked to the Atlantic offers one of the best trading environments in the world, strategically located at the center of the world map allows for easy global communication, the regulatory framework is both robust and supportive, and it has a exceptional workforce, especially in STEM (science, technology, engineering and manufacturing).
Not only is the workforce extremely talented, it is also profitable. On average, software engineers at Portugal demand a salary 72% less than those in the UK. And communicating with the team is also quite straightforward, as English is widespread in the country.
Portugal Also ranks first in the world for ease of cross-border trade, while corporate taxation is straightforward and paid at a flat rate of 21%. However, residents of the nation can apply for the non-habitual residence regime and enjoy incredible tax benefits for a decade at a time.
The European nation hosts one of the world’s most popular investment residency programs – the Portuguese Gold Visa Program. By purchasing a property qualified for 280,000 euros you and your family can obtain residency in Portugal in a few months.
The cradle of democracy, Greece always enjoys favorable laws and regulations which make living in the nation as well as running a business an absolute pleasure. An open market with low operating costs compared to Europe elite, Greece is another nation that you should consider for the European headquarters of your business.
The pleasant weather and the living expenses, which are on average 106% lower in Athens than they are in London, make it a good place to live. Registering a business in Greece is extremely simple, because it is classified 11th worldwide in the ease of starting a business. Its strategic location connecting Europe to the MENA region is also excellent for international trade.
Obtain a residency in Greece is quite simple, because it also has its version of the Golden Visa. Foreigners who buy real estate (s) for an amount 250,000 euros can obtain a residence permit in less than six months.
Being able to choose between Madrid, Barcelona, and Seville like a new home for your business is attractive enough for someone to think about it Spain and his Golden Visa Program for their new European headquarters. Add to that the fact that English is widely spoken in the big cities thanks to tourism, and the workforce is extremely skilled, then you have a destination with few downsides.
Corporate tax is paid at a flat rate of 25% while operating costs are extremely competitive. Rent an office at Madrid is, on average, 73% cheaper than doing it in London. Cross-border free trade in Spain is particularly strong, as it ranks first in the world alongside Portugal in this regard.
The “land of castles” also has a simple immigration route, another version of the golden visa in which investors only have to buy real estate on behalf of 500,000 euros to obtain a Spanish residence permit.
Although it is not part of the EU and is technically a transcontinental country connecting Europe To Asia, Turkey remains a strong destination for global entrepreneurs.
A country with infinite economic potential, low overheads, a high standard of living and average consumer prices 248% less than the United Kingdom; Turkey is one of the best places in the world to live and operate a business.
English and Arabic are prevalent in major cities, while the talented workforce has exceptional experience and low cost of ownership. Turkey ranks even higher on the ease of doing business report that the likes of Switzerland, Netherlands, and Belgium.
It also has a Citizenship by Investment Program, through which a foreign investor who buys real estate among the 250,000 USD can become a full Turkish citizen.
The options are many
There are a lot of options to consider when setting up the store in Europe, but it’s important that you can be there to run your business, which is why taking immigration into account is essential to your success. This is where we come in, with our extensive business and immigration expertise, we can help you find the best destination for you, your family and your business; all you have to do is contact us today to book a free consultation.
Savory & Partners is an accredited agent for several governments where citizenship by investment is offered. Founded in 1797, the agency has grown from pharmaceuticals to family assets and inheritance protection through second citizenship and residency. The company’s professional and multinational staff is made up of expert advisors who have guided thousands of clients, including many North African investors, on their journey to find the most suitable CBI program for them. The Savory & Partners team will be happy to answer your requests in English, Arabic and French.
For more information, please send an email to [email protected]. You can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
SOURCE Savory & Partners