Discover the European Advantage

Why Your Business Belongs in the European Union?

As a medium or small business, expanding to Europe can seem like a daunting prospect. But the truth is, Europe offers a wealth of opportunities for businesses of all sizes. With its favorable business environment, highly skilled workforce, and vast market size, Europe is the perfect place to take your company to new heights.

  • Europe has a combined GDP of over $18 trillion, providing a significant market for businesses to tap into. The EU single market, with its free movement of goods, services, capital and people, provides a seamless and borderless market, making it easier for companies to access a wider range of consumers.

  • Europe has a stable and predictable business climate, with a strong rule of law, protection of property rights, and low levels of corruption. This makes it easier for companies to plan and execute their strategies, and attracts investment and entrepreneurship to the region.

  • Europe has a highly educated and skilled workforce, providing access to a pool of talented employees who can drive your business forward. The EU has a well-functioning education and training system, which provides a continuous supply of skilled workers for businesses in all sectors.

  • Europe has a well-developed transportation, telecommunications, and energy infrastructure, with extensive investments in modernizing and digitalizing these networks. This provides businesses with reliable and efficient access to the resources they need to succeed, reducing the costs of doing business and increasing competitiveness.

  • Europe offers a variety of funding opportunities, including grants, loans, and venture capital, to support businesses at every stage of their growth. The EU has set up a comprehensive framework to support SMEs, including the European Regional Development Fund and the European Investment Bank, to help businesses access the financing they need to grow.

  • Europe has a strong regulatory framework that protects the rights of businesses and consumers, and provides a level playing field for companies to compete. The EU has established a comprehensive system of regulations and standards, such as the General Data Protection Regulation (GDPR), that protects businesses and consumers, and promotes trust and transparency in the marketplace.

Learn more about the unique advantages

FAQs

Is it possible for an American company expanding to EU get funding from EU Institutions?

An American company expanding to the EU can access funding through the European Investment Bank (EIB), the European Regional Development Fund (ERDF), the European Fund for Strategic Investments (EFSI), the European Structural and Investment Funds (ESIF), and EU procurement opportunities. These funding programs have specific eligibility criteria and application processes, so it's recommended to research and consult with local experts for guidance.

How should an American company prepare for expansion to the EU?

To prepare for expansion to the EU, an American company should:

  1. Research the market

  2. Form a local presence

  3. Comply with regulations

  4. Secure financing

  5. Build partnerships

  6. Hire local talent.

Consulting with local experts is recommended to ensure a successful expansion.

Is it difficult to expand my business to the EU?

Expanding a company to the EU can be complex, but not necessarily difficult with proper planning and preparation. Hiring a local advisor or consulting firm can help simplify the process and provide valuable guidance on navigating the EU's legal and regulatory landscape. Understanding the EU market and its competition is key to a successful expansion. With the right support, companies can successfully expand into the EU market.

Is it better to expand my business to the EU or to the US?

Expanding to the European Union (EU) offers several advantages compared to expanding to the United States (US) market. The EU is a single market of over 450 million consumers, providing a larger potential customer base. In addition, the EU has a higher standard of living and disposable income, making it a more attractive market for consumer-oriented businesses.

According to data from the European Commission, the EU is the largest economy in the world, accounting for 16% of global GDP. This large and stable market can provide a more predictable and stable environment for companies to grow, compared to the US market, where businesses may face more competition and uncertainty.

What are the most growing sectors right now?

Technology: The technology sector in the EU is growing rapidly, driven by the increasing adoption of digital technologies and the rise of the gig economy.

E-commerce: E-commerce is rapidly growing in the EU, with online sales expected to reaching €672 billion in 2022, a 14.5% increase from the previous year.

Healthcare: The healthcare sector is growing rapidly in the EU, driven by the increasing demand for medical services and the aging population.

Renewable energy: Renewable energy is growing rapidly in the EU, driven by the need to reduce greenhouse gas emissions and dependence on non-renewable energy sources.

Food and beverage: The food and beverage sector is growing rapidly in the EU, driven by the increasing demand for healthy and sustainable food options.

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