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Business setup in Eastern Europe
Please go through following detail which we need in business setup in Eastern Europe
- We Are looking for business set up by forming a consultancy firm related to export import services
- Initially we wanted to open service Consultancy related to export import business. Many of Indian business entrepreneurs are keen in setting small business units in Europe provide they get correct information about taxes, setup costs, Duties, local laws, documentation etc. We also want to represent Indian companies who are looking buyers for Indian products in Europe. Initially we don't want to trade directly, we want to be mediator between European buyer and Indian sellers .we also plan to provide marketing consultancy service advice's to Indian buyers and European sellers.
- Once we do market research, we can open a trading company or act agency for Indian companies related to food products with direct imports and exports.
• What special benefits we will get if we open a consultancy office in free trade zone. Initially we will not be directly importing. We want to act as consultant for Indian exporters and European buyers. Many of Indian exporters, who are exporting or have plans to export in Europe, will be benefited in duties and other expenditure. Free trade zone will be benefited as Indian exporter /European importer will use storage, transportation, logistical other faculties in other free trade zone. Importer will also get tax concession I guess. This can be done by mentioning free trade zone in bill of lading and other shipping/commercial documents. We can recommend Indian exporter and European buyers to use your free trade zone for shipments. This facility can be use only if it is not compulsory to have physical office in free trade zone. If this sort of option can work out lot of Indian exporter will be attracted due to concession in VAT and duties. We can also be in position to recommend other free trade zone after making arrangement and agreement .Portugal, Malta, Netherland, Germany free trade zone can also be used depending upon location of buyers and cost involved. Many of Indian are also keen in importing stuff like scrap, mineral etc from Europe. We can recommend them to use free trade zone route, if they get benefits surely they will use. Later on when we start doing importing and exporting will open an office in free trade zone as we can get all faculties in one place.
• What all document will be needed from our side for opening consultancy firm in Slovakia/Hungary/ Czech. We may come for market survey after New Year. After survey if everything ok we can open company but for that we should plan out our monthly and annual maintenance expenditure along with initial investment and amount of bank balance to be shown in bank.
• We want to have entrepreneur unit or private company with single partner. We need one resident permit and Opening of company should also provide us with business visa option as our managing director will also be traveling in Europe for business, market and product promotion of various Indian products. Later on we can open private company if it’s advantageous to do trading operations.
• Initially we want to start with minimum expenditure, taxes, manpower. In fact myself and our managing director will be only two people, who will be directly involved in this. I may need my wife to accompany me.
• Many of Indian entrepreneur are also keen in setting exporting import trading operation in Europe. They have not invested yet because they are not clear about European laws, taxes, costs, duties, vat etc. We plan to act as initial consultant for them in matters like market, logistic, warehousing, supply chain, export import documentation, sales promotion. For technical and local issues such as account, accommodation, taxes laws, culture etc we will put them directly to experts in your region. We also have trading firms in India and have good suppliers network for various products.
• Our main consideration is cost, location is not an issue. Our main market will be in Germany, Italy, Netherlands, Denmark, Portugal, France, Spain etc. Buyers are most of Indian products are stationed in western/Central Europe. We want make Eastern Europe as a base for marketing, promotional activates so that we can find buyers and seller for Indian products in Europe. We will also participate in trade fairs and visit various chambers of commerce to find Buyers. We are open to consultancy office in Slovakia/Hungary/Czech/Latvia/Lithuania/Estonia/Poland etc any where ever taxes, cost, accounting etc minimum to maintain company monthly and yearly. We are open to new solutions if rules are flexible.
Looking forward for best solution in terms of Cost, taxes, Expenditure to take our relationship further
Thanking you in advance for your support and cooperation
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