Best European Countries for Business
2021-07-27
Are you considering expanding your UK business into Europe but unsure which countries to start with? We’ve broken down three countries you should consider as part of your global expansion process: France, Germany, and Denmark. Our selection criteria, based on a range of benefits, include key market information and quality of life.
Which country is best for you will depend on your type of business. If you’d like more information about expanding into over 170+ international markets, you can sign up for our AI-powered SaaS Platform, Centuro Connect, which offers detailed global expansion strategies.
1. France
2. Germany
Thanks to its highly educated and multicultural workforce, Germany remains an attractive destination for UK firms looking to expand. The nation’s academic focus on business, social sciences, and engineering aligns perfectly with growing companies’ industrial and technological needs. Moreover, with over half of the population fluent in English, communication barriers are significantly lowered, simplifying operations for English-speaking businesses.
Germany’s corporate income tax rate in 2024 is a combined statutory rate of 29.9%, considering both central and subcentral taxes. This rate is an important factor for UK businesses to consider when expanding into Germany, which offers a sizable market and strategic access to other European countries. The ease of setting up a business with just one director and shareholder adds to Germany’s appeal, especially post-Brexit, as businesses look for new opportunities within the EU
The market potential in Germany is considerable, with a population of over 82 million offering access to the largest consumer base in Western Europe. Additionally, its central location in Europe provides unmatched logistical advantages, opening doors to surrounding markets with ease.
Post-Brexit shifts suggest that Germany is a preferred alternative for UK business expansion within the EU. There’s a growing expectation that Germany will capitalise on this movement and may introduce attractive incentives for foreign businesses. It’s wise to keep an eye on Germany for the unique opportunities it may present for your business in this new European economic landscape.
3. Denmark
In conclusion, expanding your business into European markets offers exciting growth opportunities. Each of the top three countries we’ve explored—France, Germany, and Denmark—has its own appeal and strategic advantages for UK-based businesses.
If you’re eager to explore the world of international expansion and gain insights into managing immigration risk and compliance in the Schengen Zone, don’t miss our upcoming webinar on Wednesday. Led by our co-founder, Asma Bashir, and expert Friederike V. Ruch, this webinar promises to equip you with the knowledge and strategies you need for successful expansion.
To further support your international expansion journey, consider leveraging our AI-powered Centuro Connect platform. This platform offers detailed timelines, expert strategies, and connections to trusted partners, all tailored to facilitate your expansion efforts. Sign up today to unlock the full potential of your global expansion plans!
