Top 10 Countries to Start a Business In

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

Macedonia Company formation

[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

Sweden Company formation

[Image Source: www.tripsavvy.com]

Capital: Stockholm
Average number of days to start a business: 7
Business fact: Transferring a property is now much easier in Sweden

8. USA

USA Company formation

[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

UK Company formation

[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

Norway Company Formation

[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

South Korea Company Formation

[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

Hong Kong Company Formation

[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

Denmark Company Formation

[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

Singapore Company Formation

[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

New Zealand Company formation

[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.

 

About the Author

hetal.rathod's picture

Hetal is a business consultant based in Sharjah, and an author in her own right. She can weave cartoon scribbles out of thin air, and hopes to someday publish her own comic. Hetal's love for cats and anything feline knows no bounds, and her reputation as a cat whisperer precedes her doodling escapades!