| Summary at a Glance | | | | | |
| Type of Europe company | Non resident | Non resident | Resident | Resident | Resident |
| Corporate tax payable % | 0% | 0% | 0% | 9% | 9% |
| Total Europe company set up costs | €16,580 | £8,063 | €24,170 | €11,020 | €10,990 |
| Subsequent annual costs (incl audit and tax) | €12,130 | £3,613 | €10,540 | €5,890 | €3,420 |
| How long to set up the Europe company? | 2 weeks | 1 week | 3 weeks | 2 weeks | 2 weeks |
| How long to open Europe company bank account? | 4 weeks | 4 weeks | 4 weeks | 3 weeks | 3 weeks |
| Issued share capital required | €1 | £1 | €13,000 | €1 | €1,800 |
| Corporate bank account location | HSBC London | HSBC London | ING Luxembourg | Podgorička banka | Deutsche Bank Hungary |
| Do you travel for Europe company incorporation? | No | No | No | No | No |
| EU VAT registration number | Yes | Yes | Yes | Yes | Yes |
| Legal considerations | | | | | |
| Resident director required? | Yes | No | No | No | No |
| Resident shareholder required? | No | No | No | No | No |
| Minimum number of directors for Europe company | 2 | 1 | 1 | 1 | 1 |
| Minimum number of shareholders for Europe company | 1 | 1 | 1 | 1 | 1 |
| Resident company secretary required? | Yes | Yes | Yes | Yes | Yes |
| Individual shareholders allowed | Yes | Yes | Yes | Yes | Yes |
| Corporate shareholders allowed | Yes | Yes | Yes | Yes | Yes |
| Corporate director(s) allowed | No | No | No | No | No |
| Public register of shareholders and directors | Yes | Yes | Yes | Yes | Yes |
| EU member country? | Yes | Yes | Yes | No | Yes |
| Tax and accounting considerations | | | | | |
| Corporate tax payable % | 0% | 0% | 0% | 9% | 9% |
| Audit exemption possible? | No | No | No | No | No |
| Annual tax return to be submitted? | No | Yes | Yes | Yes | Yes |
| Access to how many double tax treaties? | 0 | 0 | 60 | 38 | 71 |
| Access to EU directives? | Yes | Yes | Yes | No | Yes |
| Resident company for local tax purposes? | No | No | Yes | Yes | Yes |
| Withholding tax payable? | 0% | 0% | 0% | 9% | 4% |
| How long to get Europe work permit approved? | N/A | N/A | 2 months | 2 months | 3 months |
| Can the entity hire expatriate staff in the country? | No | No | No | Yes | Yes |
| Logistics considerations | | | | | |
| Must rent premises? | No | No | No | No | No |
| Allowed to sign sales contracts with local clients | No | No | No | Yes | Yes |
| Allowed to invoice local clients | No | No | No | Yes | Yes |
| Average monthly salary of skilled labour | US$3,000 | US$4,000 | US$2,800 | US$1,500 | US$1,500 |
| Average monthly salary of unskilled labour | US$1,900 | US$2,500 | US$2,300 | US$600 | US$800 |
| English spoken by what % of the population | 98% | 98% | 56% | 20% | 20% |
| Literacy rate % | 99% | 99% | 100% | 98% | 99% |
| Computer literacy rate % | 70% | 85% | 65% | 75% | 80% |
| Office rental per square meter per month | US$20 | US$55 | US$20 | US$17 | US$15 |
| Warehouse rental per square meter per month | US$5 | US$6 | US$3 | US$4 | US$3 |
| Country rating (out of 100) | 57 | 98 | 100 | 40 | 43 |
| Internet connectivity rating | Good | Excellent | Good | Average | Average |
| GDP per capita | US$45,836 | US$38,514 | US$107,476 | US$6,813 | US$12,622 |
| Government liberal or controlling of daily business | Liberal | Liberal | Moderate | Liberal | Liberal |
| Population % tertiary enrollment | 68% | 60% | 20% | 50% | 60% |
| Ease of doing business global ranking (lower the better) | 15 | 4 | 56 | 51 | 54 |
| Europe population | 6m | 63m | 0.5m | 0.6m | 9m |
| Europe unemployment rate | 13% | 7% | 6% | 13% | 10% |
| Inflation rate (2013) | 0.2% | 2.7% | 1.5% | 2.2% | 1.4% |
| GDP 2012 US$ billion | US$210bn | US$2.4tn | US$57bn | US$4bn | US$125bn |
| Average annual growth (2012) | -1.2% | 1.3% | -0.7% | 7% | 0.9% |
| Estimate of Europe business engagement costs | € | £ | € | € | € |
| Healy Consultants engagement fees | 2,935 | 1,150 | 13,600 | 2,050 | 3,630 |
| Company secretary and legal registered office fees | 1,450 | 1,200 | 3,600 | 3,100 | 1,100 |
| Government fees | 270 | 13 | 1,070 | 150 | 560 |
| VAT registration/exemption, tax registration | 650 | 750 | 950 | 750 | 750 |
| Corporate bank account opening | 5,950 | 4,950 | 4,950 | 3,950 | 4,950 |
| Estimate of total outgoings in Year 1 | 16,580 | 8,063 | 24,170 | 11,020 | 10,990 |
| Draft sales invoice attached | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
