EU start-ups battle with 'unnecessary friction'

Stripe survey finds over 30% of EU start-ups said they considered starting their business elsewhere due to the scale of the regulatory and compliance burden in Europe

The survey claimed that the level of regulation for start-ups in Europe has caused “unnecessary friction” for EU-based entrepreneurs. Picture: Yorgos Karahalis/Bloomberg

Stringent compliance practices for EU start-ups is one of the biggest threats to early-stage businesses, according to entrepreneurs that took part in a survey by Stripe.

Over 30% of EU start-ups that participated in the survey said they considered starting their business elsewhere due to the scale of the regulatory and compliance burden in Europe.