What if you could start your business in Europe without breaking the bank while securing your dream lifestyle? Expanding internationally doesn’t have to mean high costs and endless bureaucracy. In fact, two of Europe’s most dynamic countries—Poland and Spain—offer some of the most affordable and entrepreneur-friendly options for business setup and immigration.
Did you know that Poland’s cost of living is nearly 50% lower than Western Europe? Meanwhile, Spain not only boasts a thriving startup ecosystem but also provides tailored visa programs that make relocating for business easier than ever. Imagine operating your company in the heart of Europe, accessing a market of over 448 million consumers, while enjoying a lifestyle that combines modern conveniences with cultural richness.
This article dives into the cheapest country in the world for business setup and immigration. From affordable business registration to immigration pathways like Spain’s Intra-Corporate Transfer Visa and Highly Qualified Professional Visa, we’ll guide you through the unique advantages each country offers.
Why Choose Poland for Business Setup?
Poland has consistently ranked as one of the most affordable and business-friendly countries in Europe. Poland provides entrepreneurs with convenient access to both Western and Eastern European markets due to its advantageous location in the centre of Europe. Moreover, the country boasts:
- Low Operating Costs: In comparison to Western Europe, operating a business in Poland is significantly cheaper. Office space, salaries, and utility costs are among the lowest in the EU.
- Skilled Workforce: Poland’s highly educated and multilingual workforce makes it the perfect location for businesses in IT, manufacturing, and service industries.
- Supportive Government Policies: The Polish government actively supports foreign investment through grants, tax incentives, and a simplified company registration process.
Procedure for Business Incorporation in Poland
Poland’s business setup process is straightforward and cost-effective:
- Types of Business Entities: Entrepreneurs can choose from various entities, such as a sole proprietorship, limited liability company (Sp. z o.o.), or branch office. The most popular choice for international investors is the Sp. z o.o., which combines low liability with flexibility.
- Registration Costs: Setting up a Polish limited liability company requires a minimum share capital of PLN 5,000 (approximately €1,100).
- Timeframe: Company registration in Poland takes about 2-4 weeks.
Cost of Living in Poland
Poland is one of the most affordable EU countries, with an average monthly cost of living of EUR 800-1,200 for a single individual. This affordability, combined with the country’s thriving economy, makes it a top choice for entrepreneurs.
Read More: Cheapest countries to set up a company in the world
Why Choose Spain for Business Setup?
Spain is a top location for businesses due to its thriving economy, strong infrastructure, and excellent standard of living. The country offers:
- Diverse Market Opportunities: Spain’s economy is driven by industries such as tourism, technology, renewable energy, and real estate.
- EU Market Access: As a member of the EU, Spain provides businesses with access to over 448 million consumers.
- Lifestyle Advantages: With its sunny climate, rich culture, and excellent healthcare system, Spain offers an unparalleled quality of life for entrepreneurs and their families.
Procedure for Company Formation in Spain
Foreign entrepreneurs can set up their businesses in Spain in several ways, including opening a representative office, establishing a subsidiary, or purchasing a ready-made company in Spain.
Each option comes with its own set of benefits:
- Representative Office: Ideal for market research and promotional activities, setting up a representative office in Spain is cost-effective and requires minimal compliance.
- Subsidiary: Setting up a subsidiary offers full operational autonomy while benefiting from Spain’s corporate tax advantages.
- Ready-made Company: Entrepreneurs looking to expedite their business setup can purchase a ready-made company in Spain, allowing them to start operations immediately.
Key Immigration Programs in Spain
Spain stands out for its tailored immigration programs, specifically designed to attract foreign talent and investment.
Two standout options are:
1. Intra-Corporate Transfer Visa
The intra-corporate transfer visa in Spain is perfect for multinational companies transferring employees to Spain. Entrepreneurs can use this program by opening a representative office or a subsidiary in Spain.
- Requirements: Proof of existing employment within the company, a valid job contract, and documentation of the company’s operations.
- Processing Time: Typically 20 business days.
- Validity: Up to 3 years, with the possibility of renewal.
2. Highly-Qualified Professional Visa
The Highly-Qualified professional visa in Spain is tailored for professionals working in high-demand industries like information technology, engineering, and healthcare.
- Requirements: Proof of qualifications, a valid employment offer, and evidence of the company’s operations.
- Processing Time: Approximately 1 month.
Cost of Living in Spain
Spain offers a range of living costs depending on the city. While Madrid and Barcelona are pricier, smaller cities like Valencia or Malaga are more affordable. The average monthly cost of living ranges from €1,200-2,000 for a single individual.
Conclusion
Choosing between Poland and Spain depends on your business needs, industry, and personal preferences:
You can choose Poland if you value low operating costs, a highly skilled workforce, and proximity to Central and Eastern European markets.
You can choose Spain if you seek access to the EU and Mediterranean markets, a vibrant lifestyle, and immigration programs tailored for professionals and entrepreneurs.
Both nations present great chances for international business owners to launch and expand their enterprises. With affordable setup costs, supportive government policies, and strategic locations, Poland and Spain are undoubtedly among the cheapest and best countries for business setup and immigration.
At OnDemand International, we specialize in making this process seamless and efficient. Whether you’re looking to set up a business in Poland or Spain, our team of experts can guide you through every step—from company registration to immigration applications. Contact us today, and let us help you turn your entrepreneurial dreams into reality!
FAQ’s
Yes, you can qualify for the Highly Qualified Professional Visa by purchasing a readymade company and positioning yourself as a key professional.
In Poland, IT, manufacturing, and e-commerce thrive. In Spain, tourism, renewable energy, and technology sectors are particularly lucrative.
