So, you have got the right idea and all the determination to start up a business in a new country. Congrats! But, hold on! Have you decided which country is best for your business start-up yet?
It’s true that opportunities exist everywhere and a man with a business mind can win at any game. But, still there are some countries which make it just a bit easier for entrepreneurs and businessmen to launch their start-ups. Here, we bring you a list of 5 countries which are considered as stable economies to do business.
1. Singapore
Singapore is a high-income society with political and economic stability. The country is known to have strong labor force, high level of infrastructure, and efficient public transport. It doesn’t impose any dividend or capital gain taxes and ranks among the top Asian countries in terms of regulatory performance. Worried about language? You would be pleased to know that people in Singapore have great English communication skills.
Choosing Singapore to start your business would be good idea because the country gives special attention to foreign entrepreneurs and investors. Did we tell you that it only takes 3 days to kick off your start-up in Singapore?
2. Thailand
Thailand also comes in top ranking Asian countries in terms of affordability, easy accessibility to neighboring countries, and stable political conditions. When it comes to setting up a business in Thailand, it is quite a beneficial option. There is a lot of room available for aspiring entrepreneurs. English is common there so business communication and interaction will not be a problem for you. The country offers good food and the climate is gorgeous. Additionally, the government supports you in legal and financial matters.
And yes, it takes only 5 days to get your start-up off the ground in Thailand.
3. New Zealand
If you are looking for an easy country to launch a start-up, New Zealand is the answer. Although a small country, New Zealand offers you many business opportunities. It will take only a day to incorporate the business and two days to register a property. There aren’t any serious tax issues as the country imposes no social security, payroll, or capital gains taxes. The labor costs are low and workforce is educated and skilled. Language and cultural differences will not be the issue. Besides, English is one of the main languages in New Zealand.
4. Malaysia
Malaysia is a successful and technologically advanced country. You can complete the entire registration process of your business online through their website of Companies Commission. It takes about 19 days to set up your business there. Moreover, the country has good infrastructure, friendly environment, and a flexible banking system. So, you can easily send money abroad using an efficient and reliable money transfer platform.
5. Switzerland
Switzerland has long been considered as an international leader in banking and finance. Quite interestingly, the country has now become a hub of crypto-currency and Blockchain tech-start-ups. The Swiss regulatory environment is quite business-friendly, welcoming foreign entrepreneurs to launch their start-ups. The wonderful environment, high standard of living, and diversity have made this country a popular work location for entrepreneurs. Switzerland offers great advantages for foreigners to easily travel to other European countries.
So have you decided the country for the launch of your start-up? Hold your horses! Let’s not forget about International money transfer. You will definitely need an online money platform through which you can send your money abroad. After all, you will constantly have to deal with money transactions from your employees, team, suppliers, and other business partners. To run operation smoothly use a money transfer operator like Ria Money Transfer to handle your financial transfers as they are usually cheaper and faster than doing it through your bank.
We wish you great success in your coming business venture!
Good luck!
