Top 5 Best Countries for Entrepreneurs in 2018

Top 5 Best Countries for Entrepreneurs in 2018

Running a business is a daunting task, and as an entrepreneur, the last thing you want to do is invest or start a business in a disheartening nation. Nonetheless, opportunities exist everywhere around the world, and not just in your hometown or home nation. Even though much has been said about economic globalization and our increasingly connected business realm, if you are starting a business, your first assumption might be not to launch one in, say, Singapore. But as it turns out, Singapore Is, in fact, one of the best nations you can start a business, and I’ll tell you why in a minute. That said, here is my review of the best overseas nations for entrepreneurs in 2018.

1. Germany: For years, Germany has been regarded to as the friendliest nation to entrepreneurs looking to start or expand their businesses. If you are an entrepreneur in Germany, then you can affirm that the nation features a stable political and economic environment for entrepreneurial ideas. Better yet, Germany is a safe haven for intellectual assets. Your ideas, such as inventions, concepts and company logos will be protected in Germany by trademark, Patent and Copyright laws. The nation has also been paying attention to maintaining transparency in the business sector. The competition law, for instance, does not allow your competitors to make false claims regarding your business just to attract your clients. This not only protects you as an entrepreneur, but it also protects your customers.

2. New Zealand: In New Zealand, incorporating your business can take a single day, and registering your property can take less than 48 hours. Still more, labor costs are low, and the workforce is educated and skilled. In terms of taxes, New Zealand has no Payroll, capital gains or social security taxes. This explains why the nation rules the list of “easiest countries to do business.”

3. The United States: The reason the USA is one of the best countries to be an entrepreneur is that you’ll find a diversified and well-educated workforce in the nation. Furthermore, the states is a recognized world leader in innovation as well as research and development. Entrepreneurs in the country can also find a myriad of funding sources, such as angel investors, venture capitalists, banks, and investment banks.

4. Singapore: Singapore is one of the few first world nations in Asia. What qualifies this nation to be on this list is its stable socio-political environment, highly efficient infrastructure, free market economy and an attractive tax regime that favors Entrepreneurs. In 2011, the lion city had the fastest growing economy in Asia, surpassing China by 14.5 percent.

5. Norway: Norway has an excellent economy and most communication with government authorities is done online. Registering your business will be quick in Norway and filing tax returns is relatively straightforward. Even better, this is the “go-to” nation for entrepreneurs looking to resolve insolvency because Fees in the nation average 1 percent of the “bankrupt” business’s value.

Nonetheless, there is a slight challenge you ought to expect if you are starting a business in Norway: labor regulations can prove to be too rigid and acquiring building permits can be a hassle.

Mark Angelo is the Co-Founder of Yorkville Advisors.