Make sure you register legally, find out about the taxes you will have to pay and apply for any licenses you will need. Remember that you have to take out insurance and register the brand of your product. That way you’ll be sure to meet the applicable legal requirements in case something goes wrong. In Europe, the cost of registering a company depends on the country:

Registration licenses and taxes

3. Find funds : the business plan will help you determine how much money you will need, either from your personal investment or from external financing. Make an estimate of the income and an overestimate of your capital needs, to always have a financial cushion on which to lean. Remember that as long as your company is little known, it is very likely that the profits will be low.

Germany: €1,000
Spain: €550
France: €100
Italy: €260

4. Alone or with a partner: Whether it is a small Phone Number List niche company or a larger one, you will have to decide if you are going to take on the entire workload or if you are going to hire a support team. If the team is small, you will need to be able to afford the salaries even if the income is low.

The choice of the place is one of the most important decisions. Do you want to work from home or rent a space? Depending on the activity, some companies will require space in an office, a studio or even a warehouse. In that case, the cost can be quite high. Find out and remember: the first office does not have to be the final one.

Location of the activity

Starting a business can seem like a complex challenge, but if you follow the steps in our guide, you’ll be up and running in no time. And even if you have the feeling that you Singapore Lead are assuming a great financial responsibility, do not stress yourself too much. The N26 Business account is a freelance account with chat support seven days a week. N26 is attached to the German Deposit Guarantee Fund, which guarantees the protection of up to €100,000 per holder so that your earnings are always safe.

With your income safe, you can focus on paying your business bills for free around the world and in any currency. And to top it all off, you’ll receive 0.1% cash back on every transaction.