Poland beyond the top of Best European country to start a business

The study by Tide looked at national performance indicators for 28 European countries, including GDP, unemployment rate, and the practicalities of starting a company to reveal where in Europe is the best place to start a company. 

The first place goes to the UK. It has a large economy, low unemployment, and it’s easy to start and run a business here. The UK topped the cost of starting business criteria (tied with Slovenia) and also does a good job in a range of categories to earn the top spot.  

Ireland is another top contender, pairing its strong economy with reasonable tax rates. Ireland also does well in the rankings for ease of starting and running a business, with a middling performance in the gender pay gap chart. 

The Netherlands takes third place, thanks to a combination of its high market capitalization (the value of the shares issued by Dutch companies), simplicity of starting a company, and very low unemployment rate. 

The biggest surprise at the top of Tide’s table is Estonia, which landed in fifth place after a strong showing in many different categories, including the ease of doing business in this former Soviet republic. Estonia is the first place to offer e-Residency – this means that anyone can base their business and finances in the country – which may have potentially caused an influx of new businesses being created there. 

Poland ranked high only in two categories: Gender Pay Gap and Unemployment rate. In both cases, our country landed in sixth place. Alas, in the table of Time to start a business Poland is at the very boot. You must be prepared to wait 37 days to complete the process (according to World Bank data).

The link to the research: https://www.tide.co/blog/business-tips/best-european-country-to-start-a-business/

(WBJ)