Popular European countries for business expansion

  • 2019-05-20
  • Vlad Cuc

In Europe, numerous countries offer the possibility of expanding a business; more importantly, a wide range of European countries offer attractive investment incentives addressed to foreign investors. These usually come in the form of tax credits, tax deductions and exemptions that are created for a specific economic sector or for all types of economic activities.

For example, a European country that provides attractive policies for investments is Romania, a jurisdiction that is a member state of the European Union (EU) and which benefits from a strategic geographical position, with access to the Black Sea. One of the reasons for starting a business in Romania is that investors can obtain a tax deduction of 50% on the expenses related to investments in the field of research and development (R&D). Also, investors must consider that specific types of businesses (related to technology, science, R&D) can obtain relevant tax exemptions for a period of up to 10 years.

In the case of those who consider entering an import-export activity in Romania, it is important to know that the country exports goods such as metals, chemicals, machinery and equipment, minerals or agricultural products. Its largest trading partners are represented by other European countries – Germany, Italy, France, Bulgaria, but it also has very good trading relations with Turkey.

Very close to Romania, Turkey has become a very attractive business destination, being known at a global level for economic activities such as: tourism, construction, automotive, textiles and clothing. However, in the last few years, Turkey has become the leading economy at a global level for hair transplant procedures. Hair transplant in Turkey increased in popularity here due to the fact that the local specialists have a high level of expertise in their field, but also because the country provides the most competitive prices.

Another country in Europe suitable for investments, located on the Western side of the continent, is the United Kingdom (UK). Although UK is currently involved in the Brexit procedure, it still represents one of the leading economies at a global level; it benefits from highly skilled workforce, a large percentage of it being represented by foreign talent that relocated in this country. Those who want to start a business in UK or who want to relocate in this country, but who are involved in various types of offences can address to local defence lawyers, who can represent them in front of the local authorities.