EU Company Formation – Which Member State to Choose?
To fully benefit from EU company formation, you have to understand what exactly the European Union (EU) is. Very loosely, the EU is an economic and political union of 27 member states made up of Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Republic of Ireland, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom. These diverse cultures and regions have agreed on certain business and economic standards, but each offer their own slant on attracting overseas businesses. EU company formation, while very similar in its base form, can be as different as day and night when you explore the business benefits and requirements of each country.
For instance, company incorporation in Poland should be geared toward cutting costs and new market entrance, where Poland performs umzugsservice exceptionally well. A relative late-comer to the EU in 2004, the Polish economy is greater than the other nine newest EU members added together. The low labour costs help your bottom line, while the sustained 5% annual growth guarantees market expansion. Right next door in Lithuania, friendly tax rates are the main attractant, with their 15% corporate tax schedule among the lowest in the EU. But since they are both members of the EU, paperwork and filings should be cookie-cutter identical, right? Nothing could be further from the truth. There is one thing that all EU company formation has in common however. Your business filings must be picture perfect, and adhere stringently to all local codes and regulations. Knowing the exact moves to make at the proper time is imperative if you are to succeed in your EU company formation efforts.
The very difficulty with the diversity of EU company formation is also its main benefit. With 27 members each competing against each other for your foreign presence, an ideal business situation that suits the unique requirements of your corporation can definitely be found. The key to delivering the maximum benefits of an EU company formation that will deliver the desired results to your bottom line is knowledge.
You absolutely must deal with an EU company formation firm that is well versed in the European Union’s many diverse members’ business practices, and the local as well as EU-wide steps that need to be taken to make filing a painless process.