Modern technology has made it easy for young entrepreneurs to start a business that can potentially grow within a short period of time.
Apart from that, governments around the world are also attracting entrepreneurs with favourable policies.
No wonder why friendly startup cities are being targeted by entrepreneurs as top destinations to launch a new startup.
With the government’s willingness to encourage entrepreneurship through incentives like tax breaks, so many young people now want to become entrepreneurs.
Friendly startup cities for entrepreneurs to start a new business
So are you planning to start a new business? Are you looking for friendly startup cities to start your new business?
So many young entrepreneurs are looking for somewhere to get their business ideas off the ground. If you are one of them, then this article is surely for you.
According to the research, New York and San Francisco with higher taxes have the most companies registered. They have more than 40.000 registered companies.
Meanwhile, the study reveals that although London, Singapore, and Vancouver offer the lowest corporate tax rate for startups. This is why you should aspire to be an entrepreneur and take the advantage of the opportunity.
Berlin is considered the prime hub for European companies and it offers very low-cost living to the entrepreneurs who chose this city.
The most expensive rent space is in New York City where new businesses can pay something close to 200 thousand pounds. Sydney, London, and Vancouver follow the ranking.
The infographic below showcases some of the most popular startup cities in the world and highlights how they are supporting the new businesses which are helping their cities to thrive.