What does you country’s legal system say

Before you start a micro business you will want to know what you need to do. If you have never had a business before, or if you never had the reason to look into the “technical stuff”, you will not know which answers to look for. That’s why we should minimaze the confusion and give you a place to start from.

First off, you need to know what you need to do, how long will it take and what are the expenses for opening a company. Then look into the taxation system (but don’t get discouraged) and get to know your rights; how you can acquire basic health insurance, where do you pay social security, etc. Form there on, it depends on the type of business you have; will you be hiring employees, are you going to trade internationally and/or online, do you need to register as a customs payer, which rules you need to keep to?

Every country is different, so I can’t get into details here because I don’t want to give you the wrong information. What I can say, besides gving you some basic questions you need to get answered, is about some EU regulations. EU is trying to minimize cost and time procedures for limited company startups. Today the average is 7 days and about €417, but the end goal is zero startup costs and three or less days. All EU members can search for information about starting a business, magaging, taxes, insurance, hiring employees, learning what this one market is and more from Your Europe portal.

Hope this information helps you!

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