On the 23rd of June 2016, the British public voted to leave the European Union. The result of the vote came as a shock to many people and it has caused a lot of companies to re-examine their operations in the UK and consider other jurisdictions. It is currently unknown what the next few years hold for the UK economy but the majority of the world do not seem too confident in the country’s growth.
By Simon O' Connor, 22nd May 2016
Germany boasts both the largest and the most significant economies in Europe. Home to such companies as Allianz, BMW and Siemens, the country is often considered the most attractive location for new and developed business within the European Union.
The German government is open to establishment of all types of businesses, regardless of the size or whether or not it involves a German citizen or a foreigner. The country has a well-developed financial and banking market and provides a secure platform to set up operations in Europe.
By Simon O' Connor, 24th April 2016
Whether you're just starting out or deciding on the right structure for your existing company, understanding the law around business organization is important. You'll have to assess the nature of your business to figure out which option will afford you the most benefits.
By Marco De Kock, 25th March 2016
Czech Republic is located heart of Europe and offers some many advantages over most other European countries for business start-up’s. This includes a strong infrastructure, both a highly educated and skilled workforce, low wage costs (Monthly average is CZK 25,000) and attractive tax rates.
By David Gregan, 26th January 2016
At the moment Tax avoidance seems to be a popular topic on the international stage at such event as the G20 and it is not surprise to learn the Her Majesty’s Revenue & Customs (HMRC) are investing heavily to redeem lost revenue.
By Simon O' Connor, 24th Nov 2015
Poland is located in the center of Europe giving the country easy access to over 250 million consumers. The country offers many attractive incentives for foreign directors including grants up to 50% which helps make it one of the most popular destinations in Europe for start-up companies.
By Simon O' Connor, 28th October 2015
Ireland is the fastest growing economy in Europe and is now the same size as it was at its peak in 2007. The country has an extremely globalised economy, a large exporting sector and an increasing number of multinational corporations.
Ireland is already home to some of the world’s biggest and most successful companies across a range of sectors such as Google, Microsoft, Pfizer and Medtronic. There are many reasons why these major companies have decided to invest in Ireland including:
By Simon O' Connor, 17th September 2015
Poland’s location offers numerous advantages for business. The country is located in the centre of Europe and because of this has access to 250 million consumers within a 1000km radius.
Company formation in Poland is very popular amongst business investors due to the large accessible market and the small costs. Poland also offers a wide range of incentives for foreign investors such as grants ranging from 25% to 50%.
By Simon O' Connor, 25th Aug 2015
Europe is the largest market in the world with nearly 500 million consumers. Within Europe, Germany is the state with largest and most important economy making it arguably the most attractive location for business in the European Union.
Company formation in Germany can be significantly cheap. From office overheads to the cost of living, Germany is notoriously cheaper than the majority of its European counterparts.
By Simon O’ Connor, 7th July 2015
European companies will soon have to disclose information regarding who owns or controls them. The Fourth Anti-Money laundering Directive which was published in early June and came into effect on the 26th of June, 2015 requires all European member states to incorporate the directive into their own national laws within 2 years. All companies who are subject to the directive must comply with it by the 26th of June, 2017.
By Simon O' Connor, 26th June 2015
On the 21st of December 2012 the Cyprus Parliament introduced a Law regarding the special levy on Cyprus Companies. A levy has been enforced on Cyprus Companies for the amount of €350 per annum.
All companies registered in Cyprus must pay this fixed annual fee from the year of registration and it must be paid no later than the 30th of June for each relevant year. Please note, Companies in liquidation are exempt from the annual levy.
Malta has a rapidly growing financial services sector which rivals some of the most established economies in the world and is an extremely attractive place to do business. Forbes has described Malta as one of the most business friendly countries in the world.
Malta offers huge incentives to the business community, including those based offshore or overseas as taxation for businesses is one of the most generous in Europe. Corporate tax is set at a rate of 35% but this can usually be reduced to a rate of 5% or in some situations even lower. This is down to an efficient tax refund system where the repayment of a tax refund by the Maltese tax authorities will usually only take on average 14 working days. Because of this the shareholders of a company are assured that their dividend income will be doubly taxed in their hands.
The Companies Act 2014 - Ireland
By Simon O' Connor, 20th May 2015
The Companies Act 2014 in Ireland will be commenced on the 1st of June 2015. The Act is the largest piece of legislation to be enacted in the history of the state. The Act simplifies and modifies Irish company law and has a massive focus on Private Limited Companies as they account for over 90% of companies in Ireland today.
By Simon O' Connor, 27/03/15
What is Horizon 2020?
Horizon 2020 is the biggest EU Research and Innovation programme. The programme will be running for 7 years, from 2014 – 2020 and has a budget of nearly €80 billion funding available.
By Simon O' Connor. 19th February 2015
There are proposed changes to company law in the UK in the Small Business, Enterprise and Employment Bill (SBEE) which is currently making its way through Parliament. The Bill is expected to be implemented in spring 2015.
By Marco de Kock - 21st March 2014
From January 2014, big changes have been implemented with regard to VAT regulations in Poland. They could have a big effect on VAT settlements that could mean a taxpayer would need to make changes to what is being done now.
By Hana Klossova. 21st March 2014
The new private law rules (adopted along with all private laws regarding the process of codification) were enacted in the Czech Republic on January 1, 2014. According to these newly established principles, the rules set forth here, including rigorous enforcement of principle autonomy of freedom and contractual will, are to be reflected in this newly devised corporate-law legislation.
When it comes to establishing a company in Europe, it can be simple or tricky, depending on the country of establishment. While establishing an international company is no easy feat, it can become easier with the right information. As such, here is a look at how you can establish a company in Europe easier than ever before.
The UK and France are both strong jurisdictions within Europe, boasting huge markets, stable economies, and a substantial political presence.
They also play a major part in the European Union.
The UK has one of the most successful economies in the EU and attracts an incredible amount of inward investment from Asia and the US.France has also been successful with attracting foreign investment and now offers a liberal business environment with streamlined procedures. There are various benefits for setting up a company in the UK and France, with location, language and legislation being just a few of the reasons why investors choose to base their companies there.
Both countries boast a favourable tax regime for foreign investors and are successful in attracting inward investment.
Poland offers a range of investment incentives, tax benefits and financial assistance to foreign investors setting up a company there.There are also beneficial aspects such as a huge consumer market and great geographical location to take advantage of. The Polish economy is said to be developing faster than Western Europe which also makes the country a stable investment.