There are tons of opportunities everywhere, and unlike in the past where you could have opened a local business in your hometown only, the internet offers a lot more possibilities.
You have an idea in your head about a certain business, and you want to execute it. The first thing that comes to your mind might be the location of the business, even if you are trying to open an online business. You wouldn’t just want to pick a random country, let’s say, Denmark, for your business to be located there.
But Denmark is actually a really good idea when it comes to new businesses. It is ranked as the third regarding the terms of ease of opening a business there, as the country really facilitates and supports your ideas.
On the other hand, you have to look for the right audience for your business, the law taxes and the nature of the workspace, which brings the United States in a really good 8th position in these rankings, and with the plethora of audience there, it’s no wonder everybody wants to open their new businesses there.
If you have the idea and you want to execute it now, there are the places that you should consider opening your business at.
The United States
If you want to open a business in the United States, you will come across a skilled and diverse workforce. The country is recognised by the innovations, research and development and you can find a variety of funding sources for your business.
You need to evaluate your business and determine the business needs before opening a business in the States. The competition is large, which at some point it is good as you can learn a lot from them, as they are already targeting the audience you wish to target.
If you want to start a business fast, New Zealand is the best place to go. Registering a business and property can be done in two days, while incorporation it takes only a day. There is an educated and skilled workforce, but not potentially cheap as you might find in other countries. It is considered one of the easiest countries to do business at regarding the taxes, and since there are no payrolls social security number or capital gains taxes, you can see where this goes.
One of the strongest economies in the world can be found in Norway, where you can also communicate with the government digitally. With relatively straightforward tax laws and registering a property in just a few days, it places Norway in the top 10 list of countries to start a business at.
There are few downsides with Norway: getting a permission for constructions can take a lot of time, and the workforce regulations can be quite stiff. The labour is expensive, and if you want a cheap labour go to Singapore or some of the Balkan Countries where they offer a skilled, educated, jet the cheapest labour in the world.