Check out our guide to discover the best places in the world to start a business.
Why Set Up Your Start-Up Abroad?
Most business-owners choose to build their start-up in the country they currently live in. However, there are many good reasons why you may want to look into locating your new business abroad. Due to globalisation, cheap international travel and technological innovations, it has never been easier to launch a start-up in another country. In this guide, we look at some nations around the world that provide everything a fledgling start-up needs to succeed.
What Factors Make a Country “Start-Up Friendly”?
There is a wide range of factors that when brought together can help to create a vibrant start-up ecosystem. For example, it is helpful if the government provides reliable support in the form of start-up friendly policies, tax incentives and other initiatives. It’s also important to choose a country that is in good economic health and enjoys political stability. Another key factor is easy access to a highly-educated and skilled workforce. The location of the country may also prove to be strategic in that it may make it easier for businesses to reach international markets.
What Are the 10 Most Start-Up Friendly Nations in the World?
In 2019, US News listed the ten most start-up friendly nations across the globe. Each member country boasts a dynamic start-up ecosystem that nurtures new businesses so they can grow, scale and succeed. These nations are:
- United States
- United Kingdom
- South Korea
Find Out More
If you are keen to learn more about how each of these countries earned their spot on this list, then you should browse through the infographic below from Hansen and Company.