You don't know much about Europeans. You don't know much about businesses either.

What sense would it make for a plumber business or restaurant to move there? None.

What sense would it make for a high tech business to move there? None. No VC, no subsidiaries, and most important, no other business that you need. A hardware start up need tons of expertise from highly skilled suppliers.

Yes, for digital nomads it might work. But so does Panama or wherever.