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.