9 Best Countries to do Business

A country where you can easily start business meets three characteristics: it has economic stability, good risk management, and quality in the supply chains.

The modern business world is characterized by being diverse and ignoring geographical limits. Today it is young people who go further and risk creating their own businesses and establishing them in another country. Know which are the favorite countries of entrepreneurs.

Switzerland

This Nordic country is the favorite among businessmen due to its geographical location, its economy, its job and political stability, and the tax advantages it offers to business people. It is a country in which many foreign companies have decided to test the success or failure of their products, for example: Starbucks decided to open its first branch in 2000 in the city of Zurich and it was so successful that in the Later years he chose to open more coffee shops in other nations of the continent. Another case is that of McDonald’s, a fast food chain that chose this country as the gateway to establish itself in Europe.

Norway

This country is the largest oil and gas producer in all of Western Europe, making it one of the richest on the old continent. It is a good country to start a business since it occupies the sixth position in the ranking of the 196 countries of GDP per capita and because it is in the fifth position of the 167 countries in which there is less perception of corruption. It is also a place where hope, living standards and security are high.

Ireland

This country has shown to have a great capacity for resilience, it has gone from being an almost poor country to having one of the highest GDP in the world. If you want to start a technology business, it is an excellent place because it is one of the largest exporters of software-related goods and services. Apple, Microsoft, Google, Facebook, Johnson & Johnson, Pfizer, among others, are companies that have their strategic bases in Ireland thanks to favorable corporate taxes and a healthy business environment.

Germany

Germany’s economy combines social balance and free markets, it is the fourth most powerful economy in the world after the United States, China and Japan and is considered the economic engine of the European Union. This country has the largest plants for automobiles, chemicals, electronic engineering and electricity, and they have the highest level of technology in the area of ​​communications, information technology and biotechnology.

Luxembourg

It is a small country that, due to its proximity to France, Belgium and Germany, has achieved solid economic growth, low inflation and low unemployment. Its main export partners are Germany, France and Belgium, while its main import partners are Belgium, Germany and China.

This country leads the Global Innovation Survey and the Global Competitiveness Index , thanks to its healthy business environment and modern financial sector. It has more than 200 banking institutions and a thousand investment funds.

Holland

This nation has the largest seaport in Europe, which makes it a country with great potential and quite attractive for entrepreneurs and investors. The sectors in which it is best to undertake are: chemical, agro-industrial, science, health, high technology and information technology since the Agency for Foreign Investment from 2015 to 2020 has developed a plan to increase projects in these areas.

Canada

This country has been characterized by fostering the development and growth of its economy, to the extent that eleven of its thirteen provinces have programs designed for business people. The advantages of starting a business in Canada are diverse: a minimum investment amount is not required, there are low tax costs and interprovincial agreements

Australia

Despite what many would think, Australia’s geographical location is not a limitation for doing business since it has a wide maritime and air infrastructure, which optimizes foreign trade. This country is the favorite for young entrepreneurs since it only requires compliance with two procedures that take two days: the first is to complete and submit the ASIC form 201 “Application for registration as an Australian company”, obtain a registration certificate and a Australian company number and obtain an ABN (Australian Trade Name) from the Australian Tax Office (ATO).

Denmark

This country is ranked eleventh in the Innovation ranking and twelfth in Tax Burden. A great characteristic of Danish companies is that they tend to have an open and democratic organizational structure with a very low level of hierarchy. Another advantage is that a company can be registered through the internet, there are no residency requirements for administration, nor notarial documents. The sectors with the greatest potential are: the energy industry, information technology, food, biotechnology and the pharmaceutical industry.

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