Want to open a company in Europe? It’s easier than you think

2 years ago   •   .3 min read

.By İlayda Birol
.Table of contents

The European Union (EU) is a very attractive place for startups because of its huge market size. The EU economy is the largest in the world and has created one of the most stimulating eco-systems for startups in the form of the ‘European Research Area'(ERA). We can’t tell you that setting up a company in Europe is a walk in the park. It takes a lot of planning and there are a few tricky bits to get your head around, but if you carefully and thoroughly follow all the necessary procedures, you could be living your best European business dream. So if you want to start or grow a business in the EU, you can find all the answers to your questions in this article.

The easy-to-use international business account from wamo
If you want to expand your business abroad, you must have an international business account. Discover easy to use business account with wamo.

Estonia is a great place to start a business, thanks to its e-residency program.

If you’re looking for a new location to start your business, Estonia is an excellent choice. The country’s e-residency program makes it easy to open a business in Europe without having to live or have a physical office there. This can save you time and money—you can create your company quickly, from anywhere in the world. The e-residency program is also open to individuals from all countries around the world, not just those with EU citizenship. You don’t need any special qualifications or language skills; if you have the funds and the motivation, you can start an EU company in just a few days by applying online.

Malta is the perfect place to start your business.

Malta has a full imputation system, which is one of the main advantages of Malta’s tax system. The country has an extensive network of double taxation agreements and also offers a refundable tax credit scheme. A bonus is that Malta doesn’t have the language barrier that you might find in other EU countries as English is one of the two official languages (the other one being Maltese). This makes the whole procedure of opening a business and any communications or documentation much easier as no translation is required.

What is a EUR IBAN and why might your business need one?
Learn what is Europen IBAN and why you need EUR IBAN. Check wamo’s blog for more information about business account and tips for growing your business.

Cyprus has many advantages

Cyprus has many advantages that make it an ideal location for establishing a company. One of the big advantages is that it's a free port area. The Gazimağusa Free Port and Zone covering 115 acres offers international investors excellent opportunities for transit trade and manufacturing opportunities for middle-east and near-east countries. Another advantage is, again, a favourable tax system that looks to encourage entrepreneurship in the island.

If you’re considering opening a company in the EU, wamo lets you easily open a business account that complies with European regulations. Opening a business account with wamo is simple. Once you have your company registered, just provide us with your ID, company details and shareholder information—and we'll take care of the rest! We're here to make it easy for you to get your European business dreams off the ground.


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