SNS #1
Fast startup creation, Smooth market entry
Substandard
- 2024
- 2023
One key element to cultivate a strong, healthy ecosystem in which innovation and knowledge-based progress can thrive is to have seamless administrative procedures in place to start and fuel promising ideas. This includes easier paths to explore business opportunities to expand to other EU countries, having the option to set up a business fully online and in a matter of a few hours, and having support available in different languages, among other aspects of a smooth and quick company setup process.
Substandard 1.1 — Time & Cost
The assessment of startup formation and market entry processes reveals significant progress in streamlining administrative procedures. Our analysis focuses on three critical dimensions: time and cost requirements, fast-track procedures, and cross-border services integration. These indicators show how effectively member states are reducing barriers to entrepreneurship.
Substandard 1.2 — Startup fast lane
Support systems are crucial for navigating business setup complexities. Countries should establish dedicated helpdesks and provide comprehensive resources on regulations, funding, and market entry to help entrepreneurs succeed.
Substandard 1.3 — Cross-border services
The European ecosystem prioritizes cross-border business establishment, enabling companies to operate freely across member states. Creating favorable conditions for non-national entrepreneurs strengthens the entire economic region.