The Best Countries to Start a Business

This article originally appeared on AndresManuelOlivaresMiranda.com on Nov. 1, 2017.

Entrepreneurs are always looking for new opportunities to expand. With today’s global marketplace, entrepreneurs are no longer relying on just their homes—they’re seeking global expansion. Thanks to the increased emphasis on globalization, there are a number of countries emerging as potentially lucrative places to start a business.

United States

The United States is known for its skilled workforce. The United States is among the world’s leaders in research and innovation. The United States is home to a large number of banks, firms, and investors. Entrepreneurs should look to expand in areas such as Atlanta, Miami, Oklahoma City, and New York.

New Zealand

New Zealand is appealing to entrepreneurs because they can handle their business affairs within days. New Zealand also boasts a skilled workforce and low labor costs. Entrepreneurs are also drawn to New Zealand due to their lack of social security taxes and payroll taxes. Entrepreneurs have the option of establishing their business as a sole trader or forming a partnership, which allows them to split the operational costs.

India

Entrepreneurs can open their business in India within a month at a low cost. All foreign entrepreneurs receive support from the government so that they may flourish and succeed. Entrepreneurs can receive help with patents, as well as tax exemptions. Entrepreneurs who are active in technology are notably in demand.

Singapore

Singapore is considered one of the countries with the highest potential for business expansion. Singapore is wealthy and has a strong labor force. Singapore also boasts that they do not levy dividend or capital gains taxes. Singapore is an easy country to do business in. There are many international business opportunities due to the strong trade relationships.

United Kingdom

The United Kingdom is one of the most affordable places to do business in throughout Europe. Many companies start up within days. Companies are awarded leniency on their taxes, while also receiving benefits. Lucrative areas of the United Kingdom include London, Stoke, Belfast, Durham, and Derby.

Norway

Norway is well known for its strong economy and its eagerness to embrace new technology. It is easy for entrepreneurs to open their business. The tax laws are simple, and Norway has a strong workforce. Entrepreneurs will be able to hire the best talent for the job. Entrepreneurs who are not familiar with the area will receive insight into the most popular products, giving them a head start towards establishing their business.