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    Home»SMEs in the EU

    Doing business in the European Union

    Doing business in the European Union offers many opportunities but it is essential to keep on top of EU rules and regulations. Here is a summary of key aspects.
    siteownerBy siteowner15 August 2024Updated:15 August 2024 SMEs in the EU No Comments2 Mins Read
    — Filed under: EU Guides
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    Starting a business in the EU

    If you’re looking to launch a start-up in the European Union you need to know what the legal requirements are. You will also need information on how to protect your business ideas, the rules on annual accounts and mergers with foreign companies, and how to make the most of the staff exchange scheme.

    VAT & customs

    Find out the rules on VAT, excise duties, parent companies and their subsidiaries, company tax, or check if a business is registered to trade in Europe (EU VAT number).

    Product standards & compliance

    Standards are voluntary guidelines providing technical specifications for goods, services and processes to help protect the environment and consumer health. If you intend to sell a product in an EU country, it must comply with the rules that apply in that country and throughout the EU.

    Employment & staff welfare

    Requirements are set by EU law on the terms of employment for staff, changes to work contracts and on informing and consulting staff. There are also specific rules for transport sector workers and posted workers (employees hired in one country but employed in another).

    Supporting small to medium-sized businesses

    Small to medium-sized businesses account for 99 per cent of all businesses in the EU, and are the backbone of Europe’s economy. They are therefore seen as key to the EU ambitions to create a sustainable and digital economy.

    Access to finance

    The EU offers support to small businesses through local, regional or national authorities. Financial intermediaries such as banks and venture capital firms also provide funding with in the form of EU-guaranteed loans, lease finance and equity funding.

    Helping small businesses expand their horizons

    To help small to medium-sized businesses export and invest beyond the EU, the European Commission provides information on access to markets and matchmaking opportunities.

    General advice & support

    The EU’s Enterprise Europe Network helps small to medium-sized businesses with international ambitions. You will find expert advice, contacts and events to connect you with the right international partners and help you grow your business.

    Publications

    The EU explained – Enterprise

    Further information

    Corporate social responsibility

    Industry sectors

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