Euronews Business has identified several European countries where entrepreneurs may find it easier to set up and run a small or medium-sized business. With the impact of COVID-19 and the energy crisis, Europe has been working to support and welcome SMEs through various financing and support schemes.
According to Statista, in 2023, the European Union had around 24.4 million SMEs, making up 99.8% of all businesses in the continent. Factors such as ease of doing business play a crucial role in determining the best countries for entrepreneurs to start a business. With the World Bank’s Ease of Doing Business index in mind, some of the easiest countries in Europe for business include Ireland, Bulgaria, Netherlands, Sweden, and the United Kingdom.
Ireland is a popular choice for its digitally developed economy, while Bulgaria offers low bureaucracy and tax rates. The Netherlands provides incentives for new businesses, while Sweden is a hub for technology entrepreneurs. The United Kingdom boasts a diverse economy and strong taxation system.
These countries offer various benefits for entrepreneurs, including support schemes, tax incentives, skilled workforces, and convenient geographical locations. With the right factors considered, setting up and running a business in Europe can be a rewarding venture for aspiring entrepreneurs.
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