Thinking of starting a business overseas and looking for the most startup-friendly countries in the world? In today’s globalised economy, it has never been easier to start a business overseas.
If you are considering launching a startup abroad, then it is well worth investing time into researching the best destination for your business’s needs.
Even though we all know that starting a business is not as easy as it seems, people are still going into entrepreneurship. So why do people go into entrepreneurship and what are the incentives that are pushing people into entrepreneurship?
In this piece, we look at the ten most startup-friendly nations in the world that offer an environment wherein aspiring entrepreneurs get the support they need to succeed.
What Criteria Make a Country “StartUp-Friendly”?
There are a variety of factors that contribute to a dynamic startup ecosystem. Firstly, there must be steady support from the governments in the form of tax incentives and other initiatives.
The next most important factor is unfettered access to a highly-educated and skilled workforce. The location of the country is also key as this can make it easier for businesses to reach international markets.
Most StartUp-Friendly Countries in the World?
This year, US News ranked the 10 most startup-friendly nations across the globe. Each member of this list boasts a vibrant startup ecosystem that nurtures new businesses so they can continue to grow.
- #1. Japan
- #2. Germany
- #3. United States
- #4. Switzerland
- #5. United Kingdom
- #6. Canada
- #7. Sweden
- #8. South Korea
- #9. Australia
- #10. Singapore
Want to discover more?
If you would like to learn about how these countries earned their spot on this list, then you should take a look at the infographic below from Hansen and Company. For extra inspiration, this graphic also includes some notable examples of startup success stories from each country.
