If you are thinking about which country in Europe is the best for creating your startup, you are not alone. Internationally minded founders take time searching for the best options they might have in different countries across Europe. And it makes sense since from country to country there are many differences in terms of corporate law, business environment, corporate tax and incentives.
So, which countries in Europe are the best to locate and grow your startup? The question is not so easy to answer as you might think. When it comes to choosing the right location for your startup, here are some key points you should take into consideration:
- Does the country you chose have a thriving track record of successful startups?
- How does this country perform in human resources available for your sector and how high are the salaries in this country and within your particular sector?
- What are the tax incentives to incorporate in a particular city and country that you are considering?
- Does the country have a stable political situation and a stable/growing economy?
- How does this country perform on infrastructure? What about the infrastructure needed to your startup idea or product in particular? Does it have good telecommunications services, stable transportation system, fast internet?
EU-startups (By Bernardo Arnaud) dissected the subject and wrote a shortlist with 5 of the most attractive European countries for startups. Those were ranked through a mix of incentives that they offer, how advanced is the startup scene, their capacity to support startups from bootstrapping to VC rounds and internationalization, ease to get a work visa – together with brainpower and infrastructure quality.
You can access the full news and ranking here.