The Top 5 Countries To Start A Business In
When you’re looking to start a business, there are numerous factors to consider but where you’re based could be one of the key influencers.
Different countries have incentives that startups can benefit from, giving them a boost, or access to more lucrative markets.
We’ve identified the top five countries to start a business in.
The United States is a great place to start a business.
Firstly, you can get your business up and running in just six days, which is perfect for when you need to enter a market fast.
Associated costs of starting a business are also relatively low and publicly funded insurance means budding entrepreneurs don’t have to worry about financial ruin as much as they would in other destinations.
Combined with a huge potential market, it’s led to the US having a thriving startup culture.
Singapore is one of the wealthiest nations and it’s been considered a top place to start a business for years.
The country allows businesses to be set up in just three days while the streamlined procedures are designed to make running a business as simple as possible.
As a destination known for business, it’s a place where entrepreneurs can readily seek investment, partnerships, and opportunities to make their business a success.
Denmark is an excellent choice for starting a business, giving entrepreneurs access to both Europe and Scandinavia.
With great infrastructure for businesses to rely on, it provides stability.
On top of that, it takes just three days to register a business and there are just three procedures to complete before a business can start trading.
The cost of starting a business is also competitive when compared globally.
4. New Zealand
If you want to start a business quick, New Zealand is ideal.
It takes just a day to get started and the associated cost is one of the lowest in the world.
Thanks to a streamlined tax system, this country is considered one of the easiest places to do business, making it attractive for entrepreneurs from a variety of backgrounds.
New Zealand might be a niche market, but it has a lot to offer potential businesses operating in the right sectors.
Incorporating a company is fast and very affordable in the UK, encouraging more entrepreneurs to take the plunge – it’s one of the easiest places to set up a business in Europe.
Tax benefits also make it easier to secure investors, while overall tax rates are very low.
Businesses starting in the UK have access to the growing UK market as well as the rest of Europe at the moment, although this could change depending on the agreed Brexit deal.
What incentives would you like to see to help encourage more businesses to start-up in your country?