The countries that offer a hassle-free business setup opportunity are known as business-friendly nations. Not all countries have such business-friendly policies, and thus choosing the correct country is also essential for the persons who want to invest in foreign nations. If you want to open business in Dubai, you should find a business consultant.
So, what are the best countries for investing in new businesses? In the following section, find a list of the best business-friendly nations worldwide.
1. New Zealand – Start Business in a Day
If you want to start a new business in a foreign country, New Zealand can be an excellent choice. In the world's ease of doing the business rating, New Zealand has secured top position since 2019. Nevertheless, the country is also at the top in the quality of life ranking, and thus entrepreneurs flock from different parts of the world to settle in this country.
The country features one day and one procedure for the investors. If you reserve a business name 20 days in advance, you can open a business in one day after those twenty days. The Entrepreneur Work Visa of New Zealand allows people to start a business as the first step towards the residence.
In New Zealand, you can invest in different kinds of businesses. The IT sector is booming in the country, though business enthusiasts can also invest in agriculture, food processing, dairy processing, and other types of businesses in New Zealand.
2. UAE – A Land of Opportunities
The UAE is one of the most crucial countries in the Middle East. The immense growth of the country's economy in the last few decades has naturally magnetised investors and entrepreneurs from different parts of the world. Today, the UAE has become a country with multiple business possibilities.
Setting up a business in Dubai is easy for many reasons. An easy business setup policy is one of the big reasons. However, it is not the only reason why entrepreneurs show interest in investing in this country. Some other reasons are listed below.
· Dubai and other cities in the UAE feature cutting-edge infrastructure.
· Dubai has many free zones which offer corporate tax exemption for 50 years.
· In the UAE, employers can easily find efficient and dedicated employers.
· Simplified regulations for setting up the companies.
· The government encourages investors and entrepreneurs.
For obtaining an entrepreneur visa in the UAE, you need to consult a professional advisor. From procuring a visa to completing the documents for company formation, a professional consultancy agency will complete the job neatly.
3. Singapore – The Asian Business Hub
Singapore is one of the best business hubs in Asia, and the country ranks second in the global ease of doing business rating. What do the investors get in this country? It offers a top-class infrastructure to support businesses. The economic free zones offer an easy business setup. Businesses that invest in the free zones can avail exemption of corporate tax.
In Singapore, different kinds of businesses can succeed. For example, the IT sector has enormous potential in this country. But, many other businesses can also flourish here. Numerous start-ups have originated from Singapore and spread across the world.
4. Hong Kong
According to the World Bank, Hong Kong is the fifth place that offers a friendly business environment. In the ease of doing the business rating, Hong Kong has achieved fourth place consistently for many years. Language has been a barrier when it comes to doing business in Asian countries. But, investors and entrepreneurs do not necessarily need to know Mandarin and Chinese to invest in this city.
Business registration is a simple process in Hong Kong, though the cost of business registration has escalated in the last few years. Since it has become a well-saturated business hub, small investors find it challenging to cope with the business investment cost. Compared to Hong Kong, the cost of company formation in UAE is lower.
5. The United Kingdom
If you want to start a business in Europe, the United Kingdom is the best place. However, the region has been undergoing economic uncertainty after Brexit. The country ranks 19th in the World Bank ranking for providing a friendly business environment.
The immigration policy in the UK has become easier through policy amendment in 2019. Thus, entrepreneurs can get a residential visa to this country easily nowadays. The problem is the cost of the business setup. Since the UK is a well-grown economic region, the cost of registering and running a business will be difficult for many entrepreneurs.
Another problem is the availability of low-cost labours. The country has a saturated financial ecosystem, and thus finding skilled labours is not easy. Even though you find good employees, you have to pay a high cost to retain them.
6. Demark – A Place for Tech-Driven Entrepreneurship
If you have an interest in tech-driven entrepreneurship, Demark is the best destination for you in Europe. In the ease of doing business index, the country ranks third. However, the company registration process is costly compared to the cost of company setup Dubai. Demark is an emerging economy in Europe, and the country offers a stable economic and social environment for business growth.
Find a Consultant for Business Setup
For a business setup in Dubai, you need to find a consultant. The consultant will help you to understand the business setup process. Nevertheless, you will find assistance in procuring a residential visa in the UAE or other countries.
Starting a business involves many legal compliance hassles, and non-compliance leads to penalties. Instead of paying hefty penalties, you should focus on compliance, and a professional business setup consultancy agency can help you in this regard.
If you want to know more about business setup in the UAE, you can visit the Dubai Business Setup website. The website features helpful information for business owners.
