Top 10 Best Countries to Launch a New Business

Top 10 Best Countries to Launch a New Business

To launch a new Business is not an easy task. The process of starting a business involves planning, making key financial decisions, and completing a series of legal activities. It seems that opportunities are everywhere, but it is another question, how use the exact opportunity to start up. Here we are introducing top 10 best countries to launch a new business, which will be useful and worthwhile for you.

  1. United States. The first one that we are suggesting is the United States. Here you can find various and skilled workforce. Each of us would dream to start a new business here. The center of the action is New York, after New York comes Miami, Minneapolis and Seattle. There are 38 million home-based businesses in the U.S. according to incfile.com statistical reports.
  2. Singapore. Singapore is one of the top best places to start a new business according to the international standpoint. It is one of the richest nations with no capital taxes and this country can be your best option to start up.  As well, Singapore has political stability that other parts of the globe may not have.
  3. New Zealand: New Zealand ranks high in its ability to incorporate business. According to the 2016 World Bank survey posted by the New Zealand Immigration, it is the easiest country in the world to do business in. Labor costs are cheaper and there is no payroll, social security, or capital gains taxes. Although it is a small country but you can start successful business here.
  4. Norway.  Norway is a great place for those who are interested in technology, economic stability and well-developed government communication. The Statistics Portal reports that the population will increase by an additional 300,000 people come 2020.
  5. United Kingdom: United Kingdom is one of the easiest places to start up a company in throughout the whole Europe. For instance, incorporation can be completed within an hour for under $20. According to the Financial Times, about 660,000 companies were established in 2016 and the results are going on to grow.
  6. Sweden. Sweden as well as Norway operates under free market capitalism. The Organization for Economic Cooperation and Development says that there are 20 start-up businesses per 1,000 employees, compared to just five in the United States.
  7. Denmark. Denmark occupies the list of global start-up location with its best capital serving as both an industrial and financial hub. The corruption occupies very low level. There is a highly skilled workforce. Businesses can operate rapidly with minimal costs and have a corporate tax rate of 24.5 percent in accordance with the U.S. News Best Countries Report.
  8. Luxembourg. We know that Luxemburg is small in nature but this country in Western Europe has one of the lowest taxes in the world owing to its developed economy. There are important tax benefits for individuals who move there from other countries.
  9. Panama. Connecting Costa Rica and South America, it is one of the primary international nations in Central America for launching a new company. It ranks as number 39 on the 2018 “Doing Business” list for starting a business.
  10. Indonesia. It takes longer than the other countries on this list to start up but it is very convenient to start a new business here. The International Finance Corporation works in conjunction with the government to educate start-ups and promote local companies. The estimated ecommerce costs 18 billion in 2015, which is supposed to increase to 130 billion within the next two years based on techinasia.com.

 

Source: boredarticles.com