While globalization continues to connect the entire world, and international delivery allows us to order products from a business near or far, there is still good reason to consider starting a business in any other place that isn’t your hometown or home country. As an international business consultant, C.E.O Matthew Goodchild of Chicago Vision reviews the best-rated countries to consider operating a business from.
“Opportunities exist everywhere. Depending on your target audience and its needs, plus legal laws, wage, the nature of the local workforce and other factors like culture and importing, doing business overseas just might offer advantages to you that exceed those of the country where you are currently residing” explains Matthew Goodchild of Chicago Vision. According to an article published on entrepreneur.com, here are some of the best countries to consider when starting a business.
The United States
‘The Big Apple’ also known as ‘The Land Of Opportunity’ or New York if you like, lays at the center of innovation and business. But places like Oklahoma City, Minneapolis, Miami, Atlanta, Seattle — not forgetting Chicago Vision’s playground in Illinois — and other U.S. cities are also often cited as being good cities to launch businesses in.
Without fleeing to America because it’ll be your ‘Big Break,’ you can find benefits such as funding sources like investment firms, banks, venture capitalists and angel investors. As well as population and diversity.
As one of the wealthiest nations in the world and is dubbed as a great place for starting a business. Due to strong trade and investment opportunities, the city attracts global entrepreneurs and leaders and has been named the most competitive Asian country to launch a business.
The clean city promotes innovation and development, forward thinking and creativity. With the added bonus of convenient and affordable travel to surrounding countries like Indonesia, Thailand, Malaysia and the Philippines.
Incorporating a company in the U.K. is both fast and affordable, making it one of the easiest places in Europe to set up and run a business in. Other than convenience, the United Kingdom is ranked one of the best countries to begin a business because The British government offers various tax benefits for investors, founders and employees and The tax authorities understand that new companies generally aren’t profitable in their early years.
Not to mention London is a world cultural capital and the world’s most-visited city. Some of the best places to start a business in the U.K. include Derby, Stoke, Belfast, Stirling and Durham.
Originally from the United Kingdom, C.E.O Matthew Goodchild of Chicago Vision has a wealth of experience running businesses in London, Ireland, Italy, New York and Chicago. Singapor next then?