In this regard, every nation has a critical role in ensuring that other factors that will guarantee that businesses take off smoothly should be put in place.
Fiscal and economic policies will either make or mar any business, and such policies are instrumental in attracting businesses to an economic climate in the first instance.
From starting a business to the ease of obtaining construction permits to access to enabling infrastructure to the ease of registering property as well as labour employment guidelines, amongst other issues; the following countries have proven to be a haven for the commencement of any business venture:
Top 20 Best countries to start a business.
Singapore’s spot at the top of business ranking indices is remarkable considering that this island nation was left totally devastated and in ruins at the end of WWII. However, visionary leadership, futuristic fiscal policies, and a cooperative citizenry has seen Singapore ascend the ladder to a developed nation. The business climate in Singapore can serve as a template.
The value in terms of the dispute cost is pegged at 26 per cent, which is also the lowest among the country’s peers.
2. NEW ZEALAND
This nation features prominently in all significant business indices for starting a business with ease. For one, an entrepreneur can obtain legal recognition for their business within hours through online registration.
Businesses are also drawn to New Zealand because the government has put favourable economic policy instruments through free trade agreements, fair-competition regulations, efficient and re-distributive tax codes, an open/stable political structure, and competitive tax breaks for the average business.
Denmark features amongst the top countries for the ease of starting a business for several reasons. The first is that the process of registering a company has been digitalised.
The cost of registration via this medium-cost is just a fraction (98 USD). The Danish Government also keenly encourages private sector participation without undermining the imperative role market interaction plays in its economy.
4. SOUTH KOREA
5. HONG KONG
Your business will also benefit from the ease of obtaining construction permits and the ability to conduct cross-border transactions seamlessly.
6. UNITED KINGDOM
The United Kingdom also offers excellent infrastructural support and amenities; hence your business will always be connected locally and internationally.
You will obtain immense value for your business once you decide to establish a venture in Sweden. For starters, Swedes enjoy very high standards of living, which translate to copious amounts of disposable income.
Hence, your business is assured of a willing and capable market. With a highly-skilled workforce and excellent amenities, you will be able to manage your business cost-effectively.
This Scandinavian giant is another attractive destination for your business. Norway has a virile technological sector that offers innovative and cost-cutting applications that your business will benefit from.
Your business will also profit from an abundance of a skilled and semi-skilled workforce who enjoy social safety programs from the Norwegian government.
In addition, it takes roughly four days to get your business up and to run, and there exist efficient systems to tackle issues bordering on corporate disputes and insolvency.
Pragmatic reforms in the business environment in Finland mean that you get to legalise your business in a day or two at one of the lowest costs among the Scandinavian belt.
This emerging Asian economic powerhouse has consistently instituted monetary and fiscal reforms over the past decade. Malaysia now offers your business a more straightforward and more efficient business registration process.
Infrastructural facilities in Malaysia are now top class and will ensure that the cost of conducting your business is within manageable limits. The country also boasts of first-class air and seaports.
Rwanda had made tremendous progress since the mid-nineties when a genocidal war nearly collapsed the country. Having instituted deep-seated reforms to its political and economic policies, Rwanda is now among the premier destinations for businesses looking to set up on the African continent.
With improving infrastructure, unobtrusive tax regimes, and access to financing, your business will do well with the many opportunities that the nation provides.
Macedonia is another small nation that has experienced sound macroeconomic growth and stability. You will find that registering your business in Macedonia is similar to a one-stop shop that offers everything you need for your business to start operations immediately.
Macedonia has put in place fiscal and monetary policies that give businesses access to more financing and investment.
The process of registering a business has been streamlined and shortened. Along with excellent infrastructure, you can rely on the availability of financing and entrepreneurial support from the state.
The government has in place agencies that support small and medium-scale businesses with grants and financing. Kazakhstan also operates some of the lowest tax regimes in the world, slashing the amounts payable by the company on personal and corporate taxes by a substantial margin.
Botswana has made giant strides in transforming itself from one of the poorest countries in the world to one that has experienced consistent economic growth. The government has continued to maintain robust fiscal policies such that you can register your business and acquire property within a relatively short time.
The banking sector in Botswana conforms to international standards of operation. It offers specialised assistance to small and medium-scale businesses, thereby assuring that your business will have access to financing.
The Netherlands has continued to post strong growth indices over the past years. As an investor looking to start a business in the country, the Netherlands offers a competitive, market-driven economy backed up by adequate infrastructure and sound monetary/fiscal policies.
It boasts of having a high score in the ease of doing business index published by the World Bank. Your business will have access to strategic air and seaports and financial and investment options from state and private organisations.
Taiwan has featured prominently for several years in the Ease of doing a Business index of the World Bank.
The banking sector routinely supports the activities of businesses, and access to financing and other resources is readily available. You can register your business in a short period.
Australia has a market-driven economy that has continued to experience rounded growth due to robust and effective monetary and fiscal economic policies.