5 best business to open during the Covid crisis

Published On - 12. November, 2020

Martina Srnovršnik Uncategorized

Open your business in the Balkans – register an office abroad and work from home

 

Are you wondering which are the most convenient businesses to open in 2021 and in which country to establish the headquarters of your new company, despite the Covid crisis that is affecting us now?

Many people have lost their jobs, companies have to remain closed or limit themselves to reduced services or sales due to restrictions, freelancers have been waiting for compensations from the state for months … Despite the weight of the economic crisis caused by the Corona virus, the slowness of taxation, bureaucratic difficulties and entrepreneurial risk, there are certain sectors and countries that are more promising.

Discover 5 best businesses and the most affordable countries:

  1. E-commerce: day after day we realize that the online sale of products is more and more frequent. Especially with the wave of the Corona virus, online sales have skyrocketed. Turn your passion into an online shop. You can also opt for a dropshipping sale, thus saving warehouse costs.

MOST SUITABLE COUNTRY: Slovenia, sole proprietorship 4% flat rate system

  1. Company that deals with new digital medical therapies: The whole world is being digitized and not even medical therapies have escaped to the digital age. “Digital medical therapies” can address the needs of the industry in treating a range of conditions and diseases. Those are therapies that are added to the treatments prescribed by doctors. Opening a company in this sector is always more convenient.

MOST SUITABLE COUNTRY: Slovenia, SRL at 19% flat tax

  1. Specialized e-sport activities: it is constantly growing. The sector is expected to reach $ 1.7 billion in 2021, up from $ 1.1 billion in 2018. All sports services are on the rise: online fitness classes, aerobics workouts and other online activities, sales of fitness equipment for home use, sale of accessories for trekking and hiking, sale of hiking packages, etc. Set up your company abroad and save on taxes.

MOST SUITABLE COUNTRY: Croatia, SRL 12-17% profit tax

  1. Activities in assisting women’s reproductive health: Apps that help women in fertility˙ are increasing. Data Bridge, a research institute, predicts that by 2026 the fertility industry could be worth 41 billion dollars compared to 25 billion in 2019. To open a company of this kind, you must also have a state that is favourable to digitalization and with a lean and easy bureaucracy.

MOST SUITABLE COUNTRY: Serbia, SRL at 15% flat tax

  1. Translation activities: According to the latest estimates, the demand for translators will increase by 46% by 2022. This is because we live in an increasingly globalized world and the need to communicate between countries and cultures is becoming more and more prevalent. For this reason, it might be a good choice to offer both offline and online translation services. You can open a translation service company abroad to save on taxes.

MOST SUITABLE COUNTRY: Bosnia, SRL at 10% flat tax

 

For more information, write to info@taxofia.com or call 00386 31 679 430.

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