#euexpansion

Many international founders choose Spain for EU market entry but struggle when post-setup tasks like VAT activation, accounting, and transaction matching are treated as afterthoughts. Using disconnected service providers often leads to misaligned corporate files and administrative delays.

Opening a Sociedad Limitada (S.L.) in Spain gives foreign companies an established gateway into Southern Europe and broader EU markets. However, foreign directors and shareholders often face friction with NIE/NIF tax number requirements, notarization logic, and strict bank KYC reviews.

Armenia hosted its first-ever EU summit this week, signalling a strategic westward shift as polls show declining Russian support and growing pro-EU sentiment among Armenians. #europe #geopolitics #armenia #euexpansion

Bulgaria and Romania are set to take a significant step towards closer integration with the European Union's Schengen area on March 31, 2024. This development signals a partial inclusion, granting these countries the benefits of seamless travel by eliminating border checks and inspections for air and sea travel between each other and other Schengen member states. The anticipated result is a more efficient and expedited movement of people and goods, fostering growth in tourism, trade, and business activities within the Schengen area.

Having joined the European Union in 2007, Bulgaria and Romania had been in discussions about entering the Schengen area, but a concrete political agreement was necessary to make this a reality. With their imminent inclusion, the Schengen community will expand to encompass 29 nations, consolidating its strength both internally and on the global stage.

While travel by air and sea will experience the benefits of a borderless Schengen zone, land travel is yet to be fully streamlined. For the time being, complete border checks will be conducted between Bulgaria, Romania, and the rest of the Schengen area. Agreements to facilitate smoother land travel are expected to be pursued in due course.

In this partial integration, Bulgaria and Romania will continue issuing national entry visas, as opposed to Schengen visas. Although no specific date has been set to address this matter, there is optimism that 2024 will mark a milestone in the progression towards a unified visa system.

To address security concerns, measures pertaining to police and judicial cooperation have been implemented along the borders of Bulgaria and Romania, as well as with neighbouring countries. These measures aim to fortify the Schengen area against potential security threats, ensuring the continued strength and resilience of the border-free zone.