10 most effective cities for business owners: EU version

10 most effective cities for business owners: EU version

Europe as a full has long been a driver of innovation and entrepreneurship. Metropolitan areas like London (United kingdom), Berlin (Germany), Dublin (Eire), Copenhagen (Denmark), Amsterdam (the Netherlands), and Paris (France) are renowned startup hubs, nurturing some of the continent’s most artistic minds and long term-ahead businesses. On the other hand, with the outbreak of the COVID-19 pandemic final yr, about 40% of citizens started out thinking about moving away from massive European capitals to smaller sized cities. 

So, what are some of the very best different European cities for aspiring or budding business owners? We took a seem over and above the apparent to take a look at some of Europe’s a lot less-anticipated metropolitan areas with dynamic startup scenes that are wonderful for new businesses. Here’s what we found:

Ljubljana, Slovenia

Ljubljana river views

Slovenia is in the nascent stage of establishing a startup ecosystem. With its vibrant overall economy, favorable laws for business people, and reasonably priced residing prospects, this is a terrific little metropolis to relocate to in a submit-COVID environment.  Observed in Jap Europe just a short push from the Croatian, Austrian, and Italian borders, Ljubljana is known for its cleanse air, reduced crime level, proximity to the “sunny facet of the Alps”, and bustling artwork scene.

The country’s compact dimension and place make it incredibly available to assist and traders from other EU nations, and the Slovenian governing administration is making community sources of funding conveniently accessible for entrepreneurs. 

Barcelona, Spain

Barcelona Eixample birds eye view

Europe’s quintessential startup metropolis, Barcelona is a entire world-renowned tech startup magnet. The city is comprehensive of startup achievements stories, and practically two-thirds of the city’s startup founders have arrive from abroad. And it is not genuinely astonishing why—with its reasonable expense of residing, beautiful beachside lifestyle, and famously high top quality of existence, it’s not tough to influence proficient pros to relocate.

There’s a powerful startup neighborhood with plenty of incubators and accelerators on the lookout for the following major point (and you do not even have to have to speak Spanish to do it). There are regular tech and startup networking functions, ranging from relatively modest to key, like the Cell Globe Congress. Even though Madrid is the lawful funds of Spain, Barcelona is the undoubted leader in the planet of startups.

Prague, Czech Republic


With its produced infrastructure, remarkably proficient and educated workforce, and its pretty very low charge of dwelling for a capital metropolis, Prague is a great area to move for aspiring business owners. Typically found as a gateway to larger startup hubs like Vienna, or Berlin, Prague is a excellent put to get your foot in the doorway of the European entrepreneurship scene.

The country’s steady economic climate creates a dynamic small business surroundings that draws in regional and global professionals. The performing mentality and mind-set there also affords the prospect for a good work-lifetime equilibrium for anyone wanting to relocate. Typically referred to as one of the most lovely towns in Europe, Prague has been attracting digital nomads considering the fact that the early 2010s. You are virtually assured to be able to talk English anywhere you go with the quantity of expats settled in Prague!

Zurich, Switzerland


Switzerland as a complete was recently named a single of the most effective countries to reside in around the globe thanks to its quality of everyday living and, importantly for business people, its organization-helpful ecosystem. In point, Swiss startups created far more than CHF 2 billion in 2021 on your own many thanks to the availability of capital, expertise, and customers on the market place!

Zurich is charming town entire of inexperienced spaces, lush riverside promenades, an remarkable artwork scene, and at shut proximity to a amount of ski stations and climbing routes. The city is hugely habitable with an effective general public transport system, terrific faculties, and global presence. What is more, its exceptional site in the centre of Europe would make it driving distance to other critical entrepreneurship hubs like Munich and Milan.

Lisbon, Portugal

Typical street in Lisbon

Completely ready to drop in appreciate with azulejos, windy roads, and pasteis de belem? Then Lisbon is the position for you! It is a terrific city to transfer to if you’re hunting to work with some of the continent’s biggest improvement minds. Lisbon’s universities are renowned for the top quality of the developers they turn out every single yr, with a whopping 53% of graduates keeping a STEM diploma!

Foreigners flock to Lisbon for lots of motives, one particular of them staying the pretty favorable fiscal scenario provided by the Portuguese federal government. For the to start with 10 a long time of existence there, foreigners doing the job for strategic industries can qualify for the non-recurring resident position whereby you pay back a flat amount of 20% on earnings tax and are not taxed on just about anything you get paid overseas.

Athens, Greece

athens acropolis

The cradle of philosophy, society, and engineering, Greece has usually been a hub of innovation and awareness. In the latest a long time, the Greek govt has set multiple incentives in put to support local and global business people get their enterprise concepts off the ground – and what is extra, it’s been operating! Much more and far more startups come out of Greece each and every year, with 800 startups currently in operation in Athens by yourself.

The country’s biggest metropolis, Athens has 12 months-spherical sunshine, an incomparably bustling cafe lifestyle, nightlife that seemingly in no way stops, and a big ex-pat group. The city centre is full of places to eat, bars, shops, galleries, and a lot more – not to point out that it surrounds maybe a single of the most major historical artifacts – the Acropolis.

Stockholm, Sweden

Colourful facades Stockholm

Stylish Stockholm a short while ago turned a hub for business people with a spike in undertaking money and governing administration funding. This is the go-to put for startups and small enterprise homeowners on the lookout to make a constructive social or environmental influence!

The cosmopolitan town abounds with healthcare startups, businesses focusing on the elimination of foods squander, and EdTech to title a number of. It is a fantastic spot to go for entrepreneurs hoping to secure seed funding, enter an accelerator method, or draw in buyers. Not to point out that Stockholm is reputed for its terrific high quality of life, tolerant culture, and having a sturdy target on environmental defense.  

Florence, Italy 

florence italy

When you imagine of Florence, you typically visualize a beautiful old town, a Duomo, and a wealthy record of art and architecture. And although that’s absolutely correct, did you know that it’s also the best put for e-commerce, retail, leisure, and internet marketing startups to set up shop? These industries thrive in Florence, and there are a good deal of coworking areas to network in as very well as startup incubators to get your initiative off the ground. A limited, hour-and-a-50 % practice experience from both Rome and Milan, this compact, risk-free city is perfectly found for any one searching to check out Italy while constructing the following massive factor!

Cambridge, United Kingdom

Man on boat Cambridge river

Best regarded for its entire world-course university, Cambridge also has a thriving startup scene. Self-proclaimed “Silicon Fen” (the UK’s answer to Silicon Valley), there are a selection of higher-tech organizations and ecosystems prepared to guidance newcomers at every single transform.

This is a terrific location to go for startups on the lookout to recruit the most effective and the brightest contemporary out of Cambridge College, enter a highly regarded small business incubator, or collaborate with peers in pocket-friendlier coworking areas than in London. This is a great substitute to London for entrepreneurs on the lookout for a quieter life-style absent from the hustle and bustle of the large town. Just make confident you browse up on to settle in appropriately following Brexit. 

Hamburg, Germany

Hamburg river

Hamburg has the second-maximum density of startups in Germany, with practically 10,000 new businesses started each yr! The community federal government pours a lot of assets into entrepreneurship right here, building its track record as a leader in provider, gaming, tech, and commerce. The city is also the picked out location for Airbus and Google’s presence in Germany, with the town drawing in major expertise thanks to its globally highly regarded university.

It’s also been ranked the most livable town in Germany for its terrific training options, strong healthcare program, stability, and infrastructure. Not to point out it would be a special chance for you to understand German and check out the neighboring nation of Austria as effectively!

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