Registration of legal entities

The Kingdom of Spain is a large European state, a member country of the European Union. Foreign investors will find favourable conditions for doing business here, as well as an excellent climate and a high standard of living.

The economy of Spain is considered one of the largest in the world; sectors such as metallurgy, engineering, food and chemical industries, and tourism are the most developed here. Further, innovative areas such as biotechnology, renewable energy sources, etc. have been developing quite rapidly recently. Foreign investments in this country are welcome and supported at the state level.

Austria is a developed Central European state with a stable economy and low inflation. The most developed and significant sectors are industry, energy, international trade, services, tourism, banking, and insurance systems.

ADVANTAGES OF COMPANY REGISTRATION IN AUSTRIA

In addition to the progressive economy, Austria attracts foreign investors through the following:

• the prestige of the jurisdiction;
• convenience of doing business with other European countries due to the favourable geographical location;
• developed, modern banking system;
• favourable and flexible taxation;
• developed production base;
• relative simplicity of setting up a new company, favourable attitude to foreign investors.

Ireland is an independent jurisdiction, a rightful member of the European Union, which has the Eurozone currency system. This prosperous, successful, dynamically developing state is attractive to foreign investors for many reasons.

Great Britain is one of the richest, most dynamically developing, and economically and politically stable European countries. It actively supports innovative projects and modern start-ups in the technological field and offers them all kinds of tax incentives like benefits and subsidies. London is deservedly considered the center of the global financial industry; the headquarters of the largest banks, insurance companies, and funds are located here.

ADVANTAGES OF COMPANY REGISTRATION IN THE UK

Among the advantages of registering a legal entity in the UK are the following:

• the prestige of the jurisdiction;
• economic stability;
• double taxation treaties with more than a hundred countries;
• transparency and progressiveness of corporate law;
• active development of the lending market, favourable credit conditions;
• high level of investment protection;
• absence of currency control;
• transparency and flexibility of the taxation system.

Greece is attractive to foreign investors first and foremost due to its advantageous geographical position and sufficiently favourable legislation. The country successfully overcame the economic crisis of 2009-2010, and over the past few years, the local economy has been showing a steady growth.

Currently, Greece receives its main income from tourism, metallurgy, textile and food industries, and international trade (in particular maritime). Electrical engineering, the IT sector, and green energy are actively developing here. In Greece, the transport infrastructure is well-developed, and the banking system is branched.

Estonia is a small country located in Northern Europe on the Baltic Sea. Until 1991, it was one of the Republics of the former USSR. Since 2004, it has been part of the European Union, and the official currency here is the euro.

Estonia has a stable, well-developed economy based on the mining and textile industries, mechanical engineering, woodworking, chemical production, and agriculture. Recently, such industries as IT, tourism, business services, logistics, and fintech have also been actively developing. Estonia regularly ranks in the top 20 countries in various ratings for ease of doing business, level of economic freedom, etc.

Hong Kong is one of the major financial centres in the modern world. The most famous offshore zone of the Asia-Pacific region is located here, although the region does not belong to the classic offshore jurisdictions.

Even though the Grand Duchy of Luxembourg is one of the world’s smallest countries, it ranks first worldwide in per capita GDP. This country is the financial centre of Europe, and foreign investors are granted the widest opportunities here.

ADVANTAGES OF COMPANY REGISTRATION IN LUXEMBOURG

Luxembourg’s economy is dominated by the financial sector. The manufacturing sector, retail trade, communications, and logistics also play a significant role. Representative offices of many EU institutions and companies are present in the country making it exceptionally convenient for conducting business. In addition to the prestige of the jurisdiction, several other advantages make opening a company in Luxembourg beneficial for representatives of various fields of activity, namely:

• flexible tax policy;
• openness to foreign investments;
• stable economy;
• a clear, well-developed legislative framework;
• innovation and research work encouragement policy;
• lack of currency control;
• simple and fast company registration process.

The Republic of Cyprus is a fairly popular jurisdiction among immigrants from the post-Soviet space who plan to start a business in Europe. Since 2004, when the country became a member of the European Union, significant changes have taken place here, the legislation has been reformed, and doing business has become somewhat more complicated, but also safer.

The economy of Cyprus is highly dependent on external factors. Tourism, agriculture, and the light industry are well-developed here.

Many insurance, financial, trade, and logistics companies are based on this island.

Slovakia is a small country in Central Europe that is considered fairly attractive for starting a business. It has been a member of the European Union since 2004 and joined the Eurozone in January 2009. The official name of the state is the Slovak Republic.

Slovakia is a country with a stable market economy. It is based on mechanical engineering, electronics, chemical industry, and agriculture. The IT sector, tourism, and energy production from renewable sources are actively developing. Foreign investment is welcome here, and non-resident businessmen can benefit from various tax advantages.

The Czech Republic as a member of the European Union is the place where EU standards are really applied in many aspects. When choosing a country for registering a company, one should take into account that the Czech Republic has a well-developed infrastructure, a high quality of life and, importantly, a favorable business climate. It is also important to add that the country has an excellent geographical position: the Czech Republic manages to maintain positive relations both with the eastern CIS countries and with its western neighbors.