Explore the advantages and challenges of expanding your business into Europe, from accessing a vast consumer market to navigating regulatory complexities.
Europe stands as an for businesses ready for international expansion. It offers a secure environment, a vast talent bank, and relatively low entry requirements. Without a doubt, the European single market can provide access to the huge combined market of all 27 EU member states. However, the expansion to Europe can also bring challenges connected to the legislative and cultural peculiarities of each country.
Special attention needs to be paid to stringent , especially under the General Data Protection Regulation , which requires companies to handle personal data carefully. Non-compliance can result in significant fines of up to €20 million or 4% of a company's global annual revenue, whichever is higher, for serious violations. data protection laws How to Select the Right Country in Europe for Your Digital Business Before expanding globally, it's crucial to know your business well.
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