4 Best Countries to Start a Business
There are several factors involved in doing business within a country like tax remit, contract enforcement, ease of starting a business etc. that determine the best countries to start business in. Following four countries are best places to start a business.
New Zealand
New Zealand is one of the best countries to start business in simply because of ease of startup. In New Zealand it takes only one day and one step to do so. You can simply apply for registration online and the process costs around US$130 and they have no minimum capital requirement. The ease of getting credit for startup in New Zealand is ranked 1st in the world and the minority investors are well protecting. Procurement of property is also very easy in New Zealand which is a necessary requirement of many businesses.
Singapore
Singapore is ranked as the number 1 country in the world to do business in. But what makes it so. You will find that as a business man that doing trade in Singapore especially across the borders is fairly easy. Enforcing contracts in Singapore is perhaps the easiest in the world because in less than one day a person can register their company on-line along with filling incorporation and tax number. Dealing with construction permits is also fairly easy.
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Hong Kong
Hong Kong has been one of the best countries to start business in for several years running. Just like in New Zealand it takes only one day to register the company but there are 3 steps in total and it costs HKD 4,185. Dealing with construction permits is the easiest in this country and you only have to submit application to One Stop Center and you will gain approval within 45 days. Similarly paying of taxes, trading across borders is fairly easy and minority investors are well protected.
Korea, Rep
Lo and behold- another Asian country that is one of the best countries to start business in the world. Starting a business here is fairly easy and the process takes up to 3 days max. Even the ease of getting electricity for business is ranked 1st in the world because within 12 days your meter will start flowing, which takes around 45-60 days even in most top ranked countries. Trading across borders is done within 7 days and contract enforcement involves 32 procedures that is quite below the average number.