Thought Leadership

Fresh from securing funding, VT – a European Software as a Service (SaaS) business – set clear, ambitious goals. These included expansion into Bulgaria, Cyprus and Greece, hiring top tech talent, and attracting investors while staying lean and compliant.

But moving into three countries creates challenges and complexity. From payroll to corporate tax exposure to employment law, VT quickly found themselves facing potential operational risks and legal concerns.

With VT facing mounting operational risks and legal concerns, in just a few days, Eurofast had a tailored roadmap in place. Within six weeks, VT had onboarded people legally, cut setup costs by half, and secured a favourable tax position.

The Eurofast solution

VT reached out to Eurofast’s regional offices in Nicosia, Sofia, and Athens for a structured but scalable solution. Within days, a customized roadmap was in place.

Employment in Bulgaria

Eurofast’s Employer of Record model allowed VT to onboard and manage developers without establishing a local entity. This ensured full legal compliance, employment contract setup, and monthly payroll execution.

Non-dom strategy for founders in Cyprus

One of the co-founders, recently relocated to Cyprus, worked with Eurofast’s tax team to benefit from the non-domicile regime. The team secured 0% tax on foreign-sourced dividends and optimized overall personal taxation.

Cross-border payroll and compliance in Greece

Eurofast managed employment cost projections and legal obligations for their first hire in Greece. This helped VT structure the contract and contributions in line with Greek employment law.

Startup-ready advisory

VT also relied on Eurofast’s corporate team to outline a phased entity incorporation plan. With cost and tax impact estimates for each market, VT was able to keep its options open while staying compliant.

Eurofast achieved the following

Within six weeks, VT had:

• legally onboarded employees in three countries
• reduced setup costs by over 65% compared to full entity incorporation
• implemented a fully compliant, centralized payroll process
• secured a non-dom tax position for one of the founders
• gained full visibility on future expansion pathways with tax and legal foresight

Today, VT continues to grow with Eurofast as their regional partner, with quarterly reviews ensuring continued compliance, optimized structuring, and responsive support.

VT’s case highlights what many businesses – of all sizes – discover. Expanding across borders can quickly bring extra layers of tax, payroll, and compliance complexity. The takeaway is clear. Plan early and bring in expert support so growth stays smooth, costs stay under control, and investors stay confident.

Read the full 'From launch to lift-off' article in Eurofast’s August magazine: