Small Businesses Abroad

In the European Union, more than half of the total profit and value-added trade is provided by small and medium-sized businesses, which have about 20 million. In the countries of the blockade, over 70 per cent of the population is employed in small small businesses with a staff of not more than 250. The most popular foreign business in the European continent is trade, food and construction, where the largest number of small enterprises are created.

The success of medium and small businesses guarantees the stability of the EU economy and its effectiveness. It stimulates healthy competition, literally makes large companies improve their production, introduce new technologies.

In Europe, therefore, there is considerable emphasis on the development of small businesses, and there is a policy of its support, the main objective of which is to balance public interests and business interests.

As early as the 1970s, a unique European system of support and regulation of small business has been established. Social policies in countries have been specially changed, tax legislation and funding conditions have been adjusted.

Today, small businesses abroad, in European countries, are governed by the design and quality of targeted financial, information, technology and human resources support programmes for small and medium-sized enterprise development.

In the European Union, specially for fruitful cooperation between small companies from different countries, stimulating small business development, new legal models have been introduced to address the problems and differences that arise from the clash of the legal systems of different States (European Pool of Economic Interest, EAC - European shareholders, etc.).

Each EU member also seeks to maximize support for small and medium-sized entrepreneurship in his country. For example, the newly created small not only is exempted for two years from local taxes, but during that time there is no tax on equity societies, tax on invested profits and income. Particularly favourable conditions for business development are created by the State in economically depressed zones. Other benefits for such entrepreneurs were cancelled from social security funds.

France has established a special fund, funded by the United Kingdom of Great Britain and Northern Ireland (US$ 74 billion) for the lending and investment of small businesses and has developed and implemented a variety of temporary tax remittances (reduction of social tax, VAT rates for restaurants, etc.).