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[still_learnin]

The business entity will be based in Europe and all of the customers will most probably be from Europe,

I guess the point is not so much as to obtain protection where you operate, but to obtain protection where is most likely that infringement will happen 

Mmax introduced, but didn't elaborate on, an important point. The relevant "where" is where the invention is made, used or sold. [That language is from US law, but AFAIK the general concept is the same in other countries.]

If the claim is to a server computer running the inventive software, it's the country the server is located in.

If the claim is to a client computer running the inventive software, or interacting with the server, it's the  country the client is in.

If the claim is to a CD with the software on it, it's the country in which the CD is sold or used.

It's the answers to those questions that dictate which country you need a patent in.