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Best Countries to Start a Business In

sledfish

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  • Added on: March 10th, 2011
Which countries (in general) are friendliest towards new businesses? Where are the costs lowest for starting your own business?

My college friends and I are looking for a good home for our mostly internet-based business.

Sophie9

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  • Added on: March 11th, 2011
Good question, I look forward to the responses.

They are not MY businesses, but I do business with expats who have relocated to Kuala Lampur and Singapore.

EMH

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  • Added on: March 11th, 2011
sledfish wrote:Which countries (in general) are friendliest towards new businesses? Where are the costs lowest for starting your own business?

My college friends and I are looking for a good home for our mostly internet-based business.


Probably depends on what you mean by "internet based business". That can encompass a lot of different things.
Follow my travels through Central and South America: www.talesofagringo.com

sledfish

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  • Added on: March 12th, 2011
EMH wrote:Probably depends on what you mean by "internet based business". That can encompass a lot of different things.


Let's assume that it's a business that can be set up anywhere in the world. Because it is "internet-based," work can be done remotely from anywhere in the world. Our employees can live in Australia, Guam, Nairobi, or anywhere they want.

According to CNN Money in 2009, (http://money.cnn.com/galleries/2008/sma ... index.html) the top 3 countries were: (1) Singapore, (2) New Zealand, and (3) US.

WomanSeeksWorld

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  • Added on: April 7th, 2011
It's cheap to set up a business in the UK (under $100 to set up a website, bank accounts, company name etc) but it would depend on whether you need an office or need to hire staff - if not, then the UK would be a good place (I have my own business here) but living costs can be high.

I would expect somewhere like Thailand or India to be really cheap to live and also hire staff and/or an office, but Im not sure of the process of actually setting up a business there, and if you need to have a special kind of visa. Definitely make sure you check out if you are eligible to start a business in a country before you go there, otherwise you could waste a lot of money!

Good luck!
Im an Aussie living in London and have written a guide to help others doing the same.
Follow my adventures on the path to becoming a fully-fledged nomad.

vagabondette74

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Location: San Cristobal Mexico currently

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  • Added on: April 7th, 2011
check out soverignman.com. he talks a lot about this kind of thing. once i get my FM3 I'll be registerng my business in Mexico. taxes are cheap and there are tons of incentives.
Traveling through Mexico and Central America starting in January '09. Hit me up if you want to meet!

WestportClan

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Location: Dundee, Scotland

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  • Added on: April 16th, 2011
I've ended up starting a business back in my home town in Scotland. Enlightened or crazy, i'm not sure.



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