Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

These are undoubtedly the best European countries for startups in 2020

Shubham Sharma by Shubham Sharma
August 28, 2020
in News, Startups
These are undoubtedly the best European countries for startups in 2020
622
SHARES
LinkedInTwitterWhatsAppFacebook

Ever since COVID-19, companies as well as individuals need to take multiple factors into account to keep their business going steadily. The current market environment can also be a bit scary for entrepreneurs who are starting out. If you are someone who is coming up with a startup, the personal finance website NimbleFins has updated and revised its study ranking the best European countries for startups in 2020. The study can help one decide which country they should launch their new startup in, to reap maximum benefits. 

Best European countries for Startups in 2020

After conducting in-depth research and analysis, NibleFins has updated its study to rank the top European countries for startups this year. The firm analysed current economic data covering the general economic health, cost of doing business, business environment and labor force quality of 31 European nations to finalise the report. 

- Partner content -
EIT Digital
EIT Digital Challenge 2022 is here!
Calling all European deep-tech scaleups for EIT Digital Challenge 2022Show More
Calling all European deep-tech scaleups for EIT Digital Challenge 2022 Show Less
Read more

As per the report, the best European countries for startups feature highly educated populations, exhibit strong economies, healthy business environments and relatively low costs for conducting business. Additionally, the scoring system takes relevant publicly-available data into account to rank each country across several categories and do note that lower scores indicate higher ranks, which means these locations are better for startups.

#1 Germany

Germany tops the study as the best European country for startups for the second year running. The country’s top position is owed to a healthy economy and favourable business climate. Germany offers notable access to venture capital, which is bound to benefit startups on the lookout for funding and it ranked 2nd, behind Switzerland, for being the least burdensome in terms of government regulations. In addition, it features a relatively low corporate tax rate of 15.825%, which can be incentivising for entrepreneurs. The competition in the country is also not restrained by a few large players and it has a highly-educated workforce too, both factors beneficial to startup founders. 

#2 United Kingdom

United Kingdom retains its 2nd spot this year too as a great place for new companies, thanks to venture capital accessibility and relative ease of doing business, despite relatively low GDP growth expectations. Added bonus is lower costs of conducting business for startups in terms of salary expectations and the country ranks 4th for the ease of finding skilled workers. Lower corporate tax rates of 19% is also attractive for startups and the fact that startup support organisations are already present to help budding companies is certainly an added bonus. 

#3 Switzerland

Switzerland has moved up to take the 3rd spot in the study as one of the best places to start a new company. The country ranks 1st in two categories: Business Climate and Labour Force Quality. With least regulatory burdens for startups over other European countries and the best market dominance conditions, Switzerland makes things easier for new market entrants. The country also gets the highest scores for the extent of staff training and quality of vocational training. Additionally, it has the 2nd highest percentage of people who have received a tertiary education (38.6%). The segment it falls short in is the cost of doing business as it is one of the more expensive places to start a business due to high costs of living and salary expectations, and it has one of the lowest expectations for GDP growth.

#4 Netherlands

Coming in fourth as the best European country to work for in 2020, Netherlands features an Economic Health rank of 2. While the cost of doing business in Netherlands is a bit on the higher side at 27 with corporate tax rates of 25% , it makes up for it with its notable labour force quality and business climate rank of five and six respectively. In terms of economic health, Netherlands bags the second position with a total GDP of $909.1 billion (€763 billion) and a steady GDP growth of 1.8%. 

Notable study highlights

Apart from the top countries to commence a startup in, the study also highlights some interesting points. Ireland, for example, scores the highest in Economic Health, with the Netherlands and Germany coming in second and third. Bulgaria, Romania and Hungary on the other hand are the best places for startups in terms of Cost of Doing business. This is because the average salary is lowest in Bulgaria, while corporate tax rates are most favourable in Hungary. 

As mentioned above, Switzerland features the most supportive Business Climate and standing out in the Market Dominance and Regulatory Burden categories. It also features the highest Labour Force Quality, based on the education and training trends amongst the population. Finland and Denmark rank second and third place in this category respectively.

Cover image credits: Shutterstock

 - Partner content -
How cybersecurity scaleup Intigriti conquered the world?
How cybersecurity scaleup Intigriti conquered the world?
Catch our interview with Paul Down, Head of Sales at Intigriti.
Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less
Read more
Tags: featurednews
Share43Tweet154SendShare253

Partner content | Work with us

Tokenisation is the future of the financial services industry, and Luxembourg’s Tokeny is at the helm of this change

Copilot for growers: Source.ag’s Rien Kamman explains how it helps growers increase their fresh produce with AI

Waste problem is complex, but Seenons has a solution: CEO and co-founder Joost Kamermans explains the plan

Want to scale your business in Germany and Europe? Here’s how the Scaleup Landing Pad Hamburg can help

Is your deep tech scaleup aiming high? The EIT Digital Challenge 2022 can get you there

Silicon Canals | Jobs


Breaking news from Amsterdam | Partner

Amsterdam and Paris-based Trezy bags €1M, opens European headquarters in the Dutch capital

Amsterdam’s Just Eat Takeaway made progress towards profitability in H1 2022: Report

9 Amsterdam-based startups that are cooling the planet

Amsterdam-based CarbonCancel, a company that helped offset carbon footprint, shuts shop: Know more

Advertisement

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2022 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Features
    • How-to
    • Knowledge & Insights
    • Guest Contributions
  • Partners
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Scaling-up in Europe
    • Blue Tulip Awards
    • Partner with us
    • Promoted content
  • Jobs
  • About us
    • Partner with us
    • About
    • Team
    • Newsletter
  • Contact

Silicon Canals 2014-2022 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Silicon Canals
Manage your privacy

To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Statistics

Marketing

Features
Always active

Always active
Manage options Manage services Manage vendors Read more about these purposes
Manage options
{title} {title} {title}
X
X