GET TO KNOW A DEVELOPED BUSINESS OASIS IN
the European Union – Slovenia
Slovenia is a highly developed business oasis, known for its green nature and clean air. It is located in Europe and is part of the European Union, the monetary union and the single market of the European Union.
What is the European Union?
The European Union or, shorter, the EU is a political-economic union consisting of 28 countries:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Croatia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Hungary, Malta, Germany, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
There is a single internal market established among the EU Member States, which ensures the free movement of goods, services, capital and persons among the countries.
The countries listed below are also in the monetary union and use a common currency – Euro (€):
Austria, Belgium, Cyprus, Denmark, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Germany, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
Most EU Member States are signatories of the so-called Schengen Agreement, which abolished border controls at the borders of the signatories:
Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Greece, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Hungary, Malta, Germany, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland.
The EU covers an area of 4,475,757 km2, there are 510 million people living in the EU and the average GDP per capita is 39,705.00 EUR.
Within the EU, Slovenia has one of the most favourable legal arrangements for the establishment of a company and expanding its operations to the European market. Its central position and infrastructure enable investors to easily conduct business across the EU.
The capital of Slovenia is Ljubljana, which has 300,000 inhabitants and is the geographical, cultural, scientific, economic, political and administrative centre of the country.
6 advantages of living and working in Slovenia:
1. Ljubljana has excellent connections with other European capitals.
Traveling by plane from Ljubljana to Berlin takes 1 hour, it takes 40 minutes to reach Milan, 1 hour to reach Zürich, 2 hours to reach Paris and 2 hours to reach London. (source: Prokerala.com).
2. Travels across Slovenia are also short and fast.
It is a 2-hour car journey to travel from the extreme north-eastern part of Slovenia to the extreme south-west and all major cities are less than an hour's drive away from one another.
3. The average net salary in Slovenia is 1,200.00 EUR per month. (source: Statistični urad RS (Statistical Office of the Republic of Slovenia))
In comparable countries of the European Union, average monthly net salaries are much higher. For example, the average monthly salary in Germany is EUR 2,300.00, in Italy EUR 1,900.00, in Switzerland EUR 4,500.00, in France EUR 2,200.00 and in England EUR 2,350.00. (source: Wikipedia)
4. The rent of office space is also much lower than in comparable European capitals.
In Ljubljana, the rent of office space is around 13 EUR/m²/month, in Berlin on average 39 EUR/m²/month, in Milan about 40 EUR/m²/month, in Zurich 45 EUR/m²/month, in Paris 69 EUR/m²/month and in London approximately 72 EUR/m²/month. (source: Statista.com)
5. Slovenia ranks among the six safest countries in Europe. (source: Numbeo.com)
It also competes with Norway for being the best country for raising children and growing up. (source: End of Childhood Report 2017)
6. The rate of tax on profit is also very favourable in Slovenia, as it is 19%.
In comparison, the rate of tax on profit in Italy is 24%, in Germany 29.79%, in France 33.3% and in England between 20% and 45%. (source: Trading Economics)