Frequently Asked Questions
OUR SERVICES
WORK AND RESIDENCE PERMITS, VISAS
Can consulate or immigration authorities deny me an entry to European union, if I am willing to supervise my company?
I am not the owner of European company, but I need to travel to E.U. for business reasons. Can "European connection" assist me?
TAX AND SOCIAL SECURITY
Are the taxes my company pays mixed with my own tax?
STARTING A BUSINESS IN EU
Can I obtain E.U. residence and work permit if I own company in Europe?
Should I wait for the European residence permit to launch my new European company?
What type of tax should my European company pay?
Should I pay personal income tax in E.U. if I own European company?
Should I pay tax in my country if I own European company?
What is the rate for corporate tax?
My European business makes profits. Can I withdraw money to my account?
Are there any tax relief schemes?
When is my company entitled for tax refund?
How often the company financial report and balance shall be filed?
Are the social security contributions integrated in company tax?
My company is registered in one E.U. member states but I work (in behalf of the company) in the different member state. Should I pay tax and social contribution in both countries?
Describe your image
Describe your image
Who are "European Connection" ?
-"European connection" is a trade name for the association of different companies who are providing legal, accounting and business development services under the umbrella of "European connection" company in the Hague, Netherlands. Our partner companies are "Lexial" law firm, , BECI and the "The Brussels accountants".
OUR SERVICES
How can I get in touch with you?
-Please visit our "contacts" page for our adress, phone and email. It is also possble to send an email through the contact form
Are you only working with clients who want to set up business in E.U.?
-Of course not. We are assisting expats and businesses from all over the world without limitations
How much does your service cost?
-Please check our PRICES AND PLANS page for u to date price lists.
-We carefully evaluate the clients situation, documents, and financial capacity before starting the cooperation, which is allowing us to come out with an accurate plan of action. Actual targets of each project are agreed upon on the individual basis, with each particular client. We almost never fail..
What is the total budget to set a company and enroll in permanent cooperation?
-Please check our PRICES AND PLANS page for u to date price lists. The total budget depends on the individual project
Is it possible to use your services without enrolling into permanent cooperation?
-Sure, we gladly provide advice and assistance for the hourly rate. Please visit « prices and contracts » page for details
Are you issuing refunds?
-If for some reason our company is not able to provide services which were agreed upon, we’re issuing complete refund to our clients.
STARTING A BUSINESS IN EU
What "European connection" can do for me if I want to start business in E.U.?
-We provide complete service packages ensuring the successful outcome of your business projects in European union. This includes: preparing business plans, financial plans, company constitution, legal address, office space and accommodation, registration procedure, tax and all work permit and travel document (visa) related issues.
I am not the citizen of European Union. Am I eligible to own a business in E.U.?
-Every person can own a business in E.U. without any territorial or national restrictions.
Is it better to buy the existing business or to register a new company?
-Both ways are equally possible, and have similar requirements and limitations. Decision is entirely yours...
What are the requirements to set up new company?
-Requirements in all member states are: set up capital(in some member states as low as 1 Euro); submitting the business plan; publication of company statute and financial plan; legal address in the country of registration; tax registration and hiring the E.U. – based management team. Please visit our business service page for details. The additional requirements may apply in some countries. Please visit this page to receive the details of the procedure in the country of your choice..
Can I open branch or subsidary of my existing home-place business in the EU?
-Yes of course. Please contact us for details
What are requirements to purchase existing business?
-The current owners should transfer the business to new one in writing and register the transaction officially, usually with the notary. Other requirements for the foreign owners are same as for new company registration: company should have valid business plan, financial plan, legal address, constitution, European management team, etc.
How long does it take to set up a new company?
-Registration itself is matter of minutes in all member states. Preparation of all required documents takes from four to six weeks.
Can I manage my European company from my home country?
-It is possible in exceptional cases. As a general rule only the residents or citisens of European Union with porper work authorisation can be directors of the firm. Eventually to manage the E.U. company foreign owners shall either obtain permanent residence permit in European Union or hire the E.U. based management team. "European connection" is providing this service. Owners and stakeholeder have a final word in their firm of course...
Can I be a member of directors board in my company ?
-Yes, providing that at least one member of the board is eligible to manage business by the national law at the EU country where firm is established.
Should I move to Europe to start earning money at my new European company?
-It is not necessary. Once registered your company is a separate legal person and can trade, earn profits, buy, own or sell property and even hire and fire people, disregard owners status or place of residence.
Can I obtain E.U. residence and work permit if I own company in Europe?
-Yes it is possible if company is economically active, has positive trade balance and pays tax. Employing locals is additional positive point course...
I want to manage my European company myself. How can I do it?
-After registration you should file the application for the work permit as an independent entrepreneur/business owner. After obtaining the permit you can manage your business. Your company can be run by the temporary management team meanwhile.
What type of the company should I register?
-There is no obligation or limitation. It is better to register a juridical form allowing the new company to be a separate legal person. In most E.U. countries such separate business entities are either limited liability type company’s or anonymous societies, with additional specifications based at national jurisdiction in each member state. The limited liability companies are most common model for the small and medium business.
-To start economic activity the company has to file the tax and social security registration; it takes day or two usually. After the registration procedure will be completed and your company is free to offer goods and services all over the Union.
-If your company is registered in the country who is a member of European Economic Area, you can do business in all member states without restrictions and additional registration.
Which countries are members of E.U.?
-The EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
Which countries are members of European Economic Area?
-The EEA includes EU countries and also Iceland, Liechtenstein and Norway. It allows them to be part of the EU 's single market. Switzerland is not an EU or EEA member but is part of the single market agreement. This means Swiss nationals have the same rights to live and work in the EEA as other EEA nationals.
Can you offer interesting projects for international investment?
--We are glad to do it for you. We offer investment opportunities in different areas: real estate, industry, IT, agricultural, sports and media. Please visit our « investment opportunities » page for current investment calls.
WORK AND RESIDENCE PERMITS, VISAS
Can I work in other European member states after receiving the work permit at one country?
-European Commission and number of cases at European court of justice have established the work permit issued in one of the Schengen agreement counties is valid in all other Schengen area. In practice you may face certain problems from local officials while exercising this right. Please contact us at earliest convenience in the event of obstacles. More information is available at the Services > Employment in EU.