Start your business in Europe: Introduction
Page 1
Start your
Business in Europe:
Introduction
Mirosława Myszke-Nowakowska PhD, L.L.M.
Text copyright © 2017 Polishbusinesslawyer.pl
All Rights Reserved
Attonery at Law
Mirosława Myszke-Nowakowska PhD
Email: contact@e-pbl.com
www.e-pbl.com
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Check “How to set up business in Europe’
Manuscript completed in January 2017.
Poland © European Union, 2017.
Table of contents
Table of contents
1.Introduction - Why Europe?
2.The EU at a glance
3.How to choose the best European location for your business
3.1. How easy is it to do a business?
3.2.1.How Competitive is the particular market?
3.2.2.How free is the Economy?
3.2.3.Could corruption influence your business?
4.Where exactly set up your business in Europe?
5.How to set up business?
5.3. Basic legal options available for a new business
6.The EU business law essentials
More details on business law requirements in particular European States you can find in our e-book: “How to set up business in Europe”. It will help to apply the exact set of legal rules to a foreign investor. When you understand all the pieces of the puzzle, it will be much easier to choose the Member State of the planned investment.
7.The requirements for setting up a business in Europe
More details on business law requirements in particular European States you can find in our e-book: “How to set up business in Europe”.
8.Summary
9.Bibliography
10.Useful Links
1.Introduction - Why Europe?
Functioning as a single market with 28 Member States, the European Union remains an important world trading power. With merely 7% of the world’s population, the EU's trade accounts for around 20% of global exports and imports.
Although, trade has been seriously impacted by the global recession, the EU is still the world’s largest participant accounting for 16.4% of global imports. The EU is followed by the United States with 15.5% of all imports, and China with 11.9%. The EU was also the biggest exporter, accounting for 15.4% of all exports – compared with 13.4% for China and the 10.5% for the United States.
Doing business across borders normally signifies focusing on the internet and digital technologies that in fact are permanently transforming the world. Europe opens up digital opportunities for people and businesses. A fully functional digital single market could contribute € 415 billion per year to the EU’s economy and create 3.8 million jobs. Citizens should have more opportunities to buy goods and services as well as just shop online from another EU country. The same stays true for Internet companies and start-ups that still are able to take full advantage of online growth opportunities.
Regardless of whether you already run a business or just going to start a new business activity, we provide below some important arguments that without doubt indicate that Europe is a great market to develop your business.
This contribution will help the reader to make a choice and facilitate the establishment of business in Europe, depending on the type of business envisaged, financial resources, the relevant market or the end customer and the target group.
The transatlantic economy is the largest and wealthiest market in the world:
US affiliate exports from Ireland are 4 times larger than those from China and 3.5 times larger than from Mexico. Other top global export locations are Switzerland, UK, Germany, the Netherlands, Belgium as well as France.
45 of 50 US states focus on export to Europe more than to China. In 2014 Florida and New Jersey each exported almost 8 times more to Europe than to China; New York and Indiana nearly 7 times more.