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The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Europe remains a hotbed for entrepreneurial potential, with over 23 million startups operating, but which locations within Europe are the best and quickest for starting up a business?
To find out, Business Name Generator has analysed 25 European countries to reveal the best and worst locations to start a business. To do this, they’ve considered various metrics such as business tax rates, predicted GDP growth in 2024 and days to set up a business.
Europe’s Top 5 Rapid Startup Hubs
Rank | Country | Days to set up a business | Business tax rate % | Predicted GDP growth in 2024 | Monthly cost of living |
=1 | Netherlands | 4 | 25.8 | 1.1 | £876.52 |
=1 | Estonia | 4 | 20 | 2.4 | £766.34 |
=1 | Denmark | 4 | 22 | 1.4 | £998.88 |
2 | Lithuania | 6 | 15 | 2.7 | £680.75 |
=3 | Hungary | 7 | 9 | 3.1 | £594.61 |
=3 | Portugal | 7 | 31.5 | 1.5 | £610.71 |
4 | Finland | 13 | 20 | 1 | £852.82 |
=5 | Romania | 20 | 16 | 3.8 | £538.38 |
=5 | Croatia | 20 | 18 | 2.6 | £638.33 |
The key findings:
Netherlands, Estonia, and Denmark rank as the fastest European cities for starting a business, boasting an impressive setup time of just 4 days.
Lithuania ranks as the second quickest European city for business setup, requiring just 6 days, paired with a modest average cost of living at £610.71.
Hungary and Portugal rank as the third quickest European cities for business setup, requiring just 7 days for setup, and both with very affordable monthly living costs averaging between £594-£610.
You can view the press release below or the full study here: https://businessnamegenerator.com/best-countries-to-launch-a-startup/
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