
PRINT THIS PAGE Benchmarking European tax and legal environments27/05/2004. Source: The European Venture Capital Association. 
The fragmentation of tax and legal structures across Europe are seriously impeding the development of the region's private equity industry. On a national level, numerous tax and legal restrictions are impeding fundraising and investment, and on a pan-European level, serious discrepancies between countries hamper a higher level of cross-border activity, according to the European Venture Capital Association. The study identified the UK, Luxembourg and Ireland as being the countries with the most favourable environment for the development of private equity and venture capital. Finland, Germany, Austria, Denmark and the Slovak Republic were found to provide the least favourable tax and legal environments.
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The European Venture Capital Association's mission is to promote globally and to facilitate the development of the European private equity and venture capital industry through active lobbying and development initiatives. It seeks to help create an entrepreneurial environment in Europe and promote European private equity and venture capital to institutional investors worldwide. For more information, please visit www.evca.com

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