ENT9-A1. Starting a business in EU

ENT9-A1. Starting a business in EU

TIMING/LENGTH (in minutes): 40’

DESCRIPTION

In this activity you will learn whatever you need to know if you are planning to start business in EU.

DEVELOPMENT/ METHODOLOGY

Mind map

What is essential when starting a business in EU? Write the most important elements on a mind map. (5 minutes)

LEARN

In order to start a new company in European Union, you need to know the rules that apply and the relevant national point in order to set up a company in the European country of your choice. First of all, you need to find the right place to start-up in different EU countries.

Once you have chosen your country it is recommended to be aware of what you can do. As an EU citizen you are entitled to set up your own business in any EU country, Iceland, Norway or Liechtenstein. You are also entitled to set up a subsidiary branch of an existing EU-based business that is already registered in one EU country.

After that it is time to deal with the requirements. Although requirements vary depending on the country, EU encourages all countries to meet certain targets for helping to set up new companies. These targets include the following 5 points:

  1. Setting up in no more than 3 working days.
  2. Costing less than 100€.
  3. Completing all procedures through a single administrative body.
  4. Completing all registration formalities online.
  5. Registering a Company in another EU country online, through the national contact points.

Last but not least, it is very important to search about funding and support. There are different EU funds available for start-up businesses. To find out which one meets your needs, as well as information on support and resources, visit the link of the Start-up Europe Club here: https://startupeuropeclub.eu/guide/?box=startup

You can also use this platform below of the Start-up Europe Partnership to get help with expanding and developing your business:

https://startupeuropepartnership.eu/

If you are looking to increase the visibility of your business project, you can register your project on the European Investment Project Portal here: https://ec.europa.eu/eipp/desktop/en/index.html

The portal also enables you to get in contact with potential international investors.

DO

Explore the interactive map below that has companies funded by the EU via the SME Instrument

https://sme.easme-web.eu/ List 5 of them that impressed you more. (15minutes).