EU: Starting up a New Enterprise Quicker and Cheaper
added: 2007-10-08
The average cost for setting up a new company in the EU 15 has fallen to € 554 in 2007 compared to € 813 in 2002 and coping with the administrative procedures to register a company was reduced from 24 days in 2002 to about 12 days today. As they are also the biggest providers of new jobs in the EU, small and medium sized enterprises (SMEs) have become truly central to policy-making in the EU. This is the main conclusion of the European Commission’s mid-term review on SME policy.
