In many occasions, people tend to open their businesses in the countries in which they were born. They find it easy to base their operations in their home countries where everything looks familiar. However, it is always good to look around the world and identify some of the opportunities lingering around. But before engaging in foreign investment, you need to take your time and know which countries are best for foreign investment.
According to the world bank, some of the indicators that makes a country suitable for foreign investment include the availability of electrical utilities, credit, ease of obtaining business permits, tax rates, and labor regulations and the capacity of trade to occur across borders. Therefore, the following are some of the best countries to start a business as a foreigner.
With a GDP growth of 3.6%, New Zealand is arguably one of the best countries to invest in as a foreigner. The country has an attractive economic indicator, which makes it an excellent destination for foreign businesses. Also, it has plenty of skilled labor force, which are very affordable as compared to most countries. The World Bank also reports that New Zealand is the best country when it comes to the protection of minority investors.
Through technological revolution, New Zealand has made government services available through online platforms. This makes registering of company and property very easy and convenient. Therefore, if you are looking for a country to start your business without hassle, New Zealand should be on your bucket list.
decades, Hong Kong’s economy has been growing steadily. This is a good
indication of how effective business policies are being enacted in the country.
Besides, Hong Kong is usually a free market economy; therefore, highly depends
on international trade. This is one thing that makes it easy for foreign
investors to start their business in the country. Another significant factor is
the availability of skilled and affordable workforce. Last but not least, Hong
Kong does not impose any tariffs on imported goods. This makes it easy to
import anything you would want for your start-up business without any
United States of America (USA) 😉
the United States has a steep corporate tax, it is one of the countries with a
stable economy. To make up for high taxes, business operation cost is usually
low and fair. Besides, the country has got favorable policies and trade
agreements that puts your business in a position to expand its wings to a
global scale much easily.
The economy of Norway has withstood global ups and downs in a better way than most countries in Europe. This probably is because of less exposure to unstable global securities. Also, Norway is among the countries with the highest levels of technological advancement. Generally, the majority of government services are done online for convenient purposes. With a high GDP, the country has a lot of disposable income. Lastly, Norway is very transparent and do not tolerate corruption in any way possible.