If you decide to start an international business, you have at least 195 countries to choose from, and a maximum of 196 if you’ll include Taiwan. If you have confidence in your marketing strategies, you can go to any country across the globe.
However, of course, we would like you to build an empire where you are most likely to become successful. Here are four countries to go best for a business venture.
Strategically situated in Southeast Asia, Singapore caters to a broad international market. It’s relatively easy to start a business up in this country more than anywhere else with flexible immigration policies and probably the best tax system created in the whole planet.
2. New Zealand
The 2015 World Bank survey includes New Zealand as one of the easiest countries to start a business. Imagine, you can incorporate a limited liability company online, at a minimal fee of NZ$150. The government imposes very few restrictions. However, you may have to come up with great marketing strategies and perseverance. Statistics shows that SMEs tend to fall within their first five years in this country.
3. Hong Kong
The Wall Street Journal has said it. Hong Kong is on top of the free economies on the planet. Setting up a foreign-owned business is very easy and guided by the government. Hong Kong’s location is part of the strategy, too. It efficiently caters to the international and local markets. The best part? Low taxes.
This country has been a personal favorite because of the Lego family. Bias aside, the Danish market is very promising with easy access to the wealthy EU market. Their workforce has absolutely n restrictions in overtime work, making companies available 24/7. If you’re worried about the language, 80% of the population speaks English. It takes a single day to enlist your business and a month and a half to secure your permits.
Hence, if you’re looking for a good place to start a business, pick one from the list. The quality of life in these areas is reported to be high if it concerns you.
Only a few weeks remain before the United States elects a new president who’ll turn a new chapter in its economy and history. To be honest, the US election is not exclusive to its 50 states; the business world, if not whole planet watches carefully. Investors across the globe continue to keep an eye.
Here are some reasons why the US elections matter to the business sector.
Investors are most likely to support the candidate who supports a tax reform. Entrepreneurs would love to place their money where taxes are lower than invest in locations where the majority of their earnings go to mulct.
Optimism and Confidence
Investors are also likely to take risks in the market where they feel their money is safer and will profit. But even the consumers tend to be a little hesitant to make purchases lately. Retail sales are lower this year than expected.
Are we looking at lower sales just because of the market’s response to uncertainty? Or is this also because of the unemployment that the US government hasn’t entirely taken care of since the recession? While there was a positive change in unemployment rates in the Unites States, most people still argue that the number of created jobs monthly are not enough to support the households.
People’s response to the presidential elections also affects the market significantly. There’s a reported slowdown in economic growth, characterized by sales hitting below expectations. Investors are taking their time to predict, too.
Ever-changing laws and policies affect businesses both in their products and workforce. Right at this moment, anyone can imagine these stakeholders looking which state favors either of the two republican and democratic candidates. Policies on immigrants, for instance, could affect their human resources and employee trust.
If there’s one thing that we can be happy about is the low prices. Months before the US presidential elections, fuel prices are lower. While the Federal Reserve have increased its rates, interests are still below expectations.
Here are six reasons why the presidential election is intriguing. May the better candidate win!