If you’re planning to set up a business, there are 3 considerations that reign supreme: location, location and location. Especially so if the company to be started is international or to be established abroad. Generally speaking, the factors that are taken into account for determining whether a country is favourable to start a business in, are
- Its rank with respect to the ease of doing business
- The number of days required to set up a business
- The cost of starting a business (expressed as percentage of Gross National Income per capita)
- The number of procedures involved to register a business
Here’s counting down the top 10 countries to start a business in.
10. Macedonia
[Image Source: http://www.exploringmacedonia.com]
Capital: Skopje
Average number of days to start a business: 2
Business fact: Macedonia is keen on fostering investment by enhancing shareholder rights
9. Sweden
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Capital: Stockholm
Average number of days to start a business: 7
Business fact: Transferring a property is now much easier in Sweden
8. USA
[Image Source: http://www.ata-cargo.com]
Capital: Washington, D.C.
Average number of days to start a business: 6
Business fact: USA boasts of a highly advanced business insurance mechanism
7. UK
[Image Source: http://www.businessinsider.com]
Capital: London
Average number of days to start a business: 5
Business fact: United Kingdom has one of the lowest tax rates in the G20
6. Norway
[Image Source: http://www.worldatlas.com]
Capital: Oslo
Average number of days to start a business: 4
Business fact: Norway has introduced e-filing system, making handling contracts much more convenient
5. South Korea
[Image Source: http://www.bbc.com]
Capital: Seoul
Average number of days to start a business: 4
Business fact: The business registration process has been simplified in South Korea
4. Hong Kong
[Image Source: https://en.wikipedia.org]
Average number of days to start a business: 2
Business fact: Hong Kong has reduced business registration fee, thus attracting more business
3. Denmark
[Image Source: http://www.worldatlas.com]
Capital: Copenhagen
Average number of days to start a business: 3
Business fact: The quality of life in Denmark is reported to be one of the best in the world
2. Singapore
[Image Source: https://flagtheory.com]
Average number of days to start a business: 3
Business fact: Obtaining business permits in Singapore has become a cakewalk because of its simple procedures
1. New Zealand
[Image Source: https://www.backpackerguide.nz]
Capital: Wellington
Average number of days to start a business: 1
Business fact: New Zealand is one of the most start-up friendly nations
Setting up a successful company rests upon many intricate and diverse factors, the choice of location being arguably the most significant one in most cases. We at Business Setup Worldwide have our team of experts to help you with company formation, registration and counselling. Should you decide to open a business anywhere in the world, do contact us, even if it’s just for a friendly advice.
