If you are thinking of starting up a company, then you may want to consider looking around the world for the best possible business destination for your unique needs. In this article, we look at some of the best countries in the world in terms of how they support entrepreneurs and their new businesses.
What Qualities Make a Country “Start-Up Friendly”?
There are many different factors that could help a start-up ecosystem to thrive. Government policy often has a crucial role to play – as tax incentives and deregulation can help give fledgeling businesses the help they need to get going. Access to an educated workforce with relevant skills is also a highly important factor when it comes to scaling up. For start-ups with aspirations of going global, a central location and ease of access to international markets are absolutely critical. Another key factor is that there is a well-established culture of entrepreneurialism which gives business-leaders the support they need to succeed.
What are the Most Start-Up Friendly Nations in the World?
According to a ranking report from US News, the ten best countries in the world to start a business are:
- United States
- United Kingdom
- South Korea
This infographic from Hansen and Company looks at this list in greater depth and outlines some of the factors that have led to the development of thriving start-up ecosystems in each of these countries.