Since June 2016, the phrase “Brexit” has been on everyone’s lips in the international business community. With new input pouring into news outlets and social media every day, it’s hard to keep up with all of it.
While there are many factors that can make a country attractive to businesses, some key considerations include corporation tax rates, the cost and time it takes to export goods, and the number of coworking spaces open.
In recent years, cities such as Dublin and Luxembourg have become increasingly popular as business hubs due to their low corporation tax rates. Similarly, the time difference between the UK and other major cities can be a significant factor in choosing a business location.
For example, if a company is looking to target the US market, then a city like New York or Los Angeles would be more advantageous than a city like London.
Finally, the culture of a city can also be an important consideration for businesses, as this can provide valuable networking opportunities.
Find out more about corporation tax rates in key European cities.
France, Europe’s third largest economy and most visited nation, is an increasingly attractive destination for businesses.
President Emmanuel Macron has made a number of changes that have helped businesses. These changes include increasing business hours, making it easier to fire bad employees, and making it easier for small businesses to grow. These changes have helped to create a thriving economy.
France is now the center of the European tech startup scene. This is because it has many small businesses and a welcoming visa program. There are also many tech hubs where startups can thrive. Additionally, France offers high levels of state and EU investment, making it a great place to start a business.
Since the 2008 financial crisis, Ireland has become one of the leading business destinations in Europe.
The government has been investing a lot in life sciences and agriculture, which has helped increase exports. In addition, businesses have been enjoying tax breaks and a low corporate tax.
Apple, Google, and Meta are just a few of the big businesses that have moved their European operations to Ireland.
While large companies have thrived in the business climate, startups have plenty of opportunity.
Ireland has a very generous research and development tax credit program. Additionally, its “Knowledge Box” initiative provides extra benefits for assets such as patents which are registered and managed in the country. This makes it an ideal place for pharmaceutical and tech firms of all sizes.
For more information, check out this article on how to open a company in Ireland.