Trend European jurisdictions for international companies registration

Offshore companies got a well-deserved rest. European companies are trending now. But not all jurisdictions are equally popular. Let’s consider the most convenient countries for the international companies registration.

The United Kingdom of Great Britain and Northern Ireland (UK)

UK is associated with classic elegance and reliability. This jurisdiction is among the ten leaders in the World Bank’s «Doing Business» Ranking. The future company’s name and several personal documents are enough to register a company in UK. The whole process, with a competent application, takes 1-2 weeks. It is possible to open bank accounts for UK company in other jurisdictions.

A significant part of all non-resident companies is registered in the UK. It is justified not only by the convenience of registration and doing business, but also by the budgetary maintenance of the company. Despite talk about Brexit, the UK remains the popular jurisdiction for international companies incorporation.

Estonia

The Estonian government is actively promoting business development in the country. One example is the implementation of Estonian e-residency. E-residents of Estonia receive special cards giving access to the electronic registers of this jurisdiction. To date, submitting of company reports or information about the beneficiary owner online has become easier than ever.

The maintenance of the Estonian company is quite budgetary. Opening an account for an Estonian company with a confirmed activity in a European bank does not cause any particular difficulties. As well as in the UK, just one person as a director and shareholder is enough to register a company in Estonia.

All above-mentioned aspects, as well as the absence of need to make an immediate authorized capital, make Estonia one of the leaders in the field of international companies registration.

Bulgaria

Bulgaria doesn’t lag behind the previously mentioned jurisdictions. Registration of a company in Bulgaria opens the way to doing business in the EU, as well as allows you to conveniently open an account in local and other European banks. Registration and maintenance of the company are quite favourable, but it should be borne in mind that companies with local directors and shareholders have a significant prerogative to the banks of Bulgaria.

Bulgaria provides the opportunity to apply International Financial Reporting Standards (IFRS) as an alternative to local accounting standards, as well as comprehensively contributes to the development of Bulgarian companies.

Whatever activity you are engaged in, the Mayon Solutions team of professionals is always ready to choose the most convenient jurisdiction taking into account all the features of your business. Our long-term experience in the field of registration of international companies, opening of bank and merchant accounts, licensing and tax planning will help to choose the optimal solution especially for you.

Start improving your business with Mayon Solutions right now!