Traveling to other countries is a liberating experience. You get to immerse yourself in various cultures and traditions while enjoying scenic views. But many countries are not just good because of their tourist spots. They are known for their amazing infrastructure and resources that are essential to commence a start-up business.
One such fashion is one industry that has become the latest talk of the town. And with the increasing growth of the fashion industry, it’s important to have an idea of the countries that have the best garment manufacturers in the industry. Read this article to find out the best countries that have the most reputed and successful clothing manufacturers for businesses. But most importantly, you can also start your own business in countries that are making good progress in terms of their economies. This article will give you an idea about the best countries to invest in right now.
The country where you’re going to build your business can contribute to your success. When you’re building a startup, it’s important to know which cities around the world would be profitable and which ones don’t have too strict rules when it comes to investors. To help you start your planning, we’ve compiled some of the best countries for startup businesses.
Indonesia
There are a lot of reasons why Indonesia is such a good place for businesses. It’s one of the leading countries in the ASEAN regarding economic growth. This Asian country’s economy is very promising for people in the industry. The country also has a lot of tourist spots that is inviting to a lot of foreigners. In 2016, Indonesia was able to revise their regulations for businesses. Investors are now allowed to open the business in the café, restaurant, hotel, real estate, and other industries.
Singapore
If you’re going to build a new business, might as well invest in a country that has a high-income society like Singapore. According to the statistics, this is a country with a high level of English skills, good public transport, and great infrastructures. Singapore is a first-world country, so if you want to have a thriving place for your business, this is a country that you should definitely consider. Additionally, Singapore has the best labor force in the world, the most politically stable in Asia, and ranks as the third most globalized economy in the world.
Malaysia
Do you want to start a business immediately? If yes, Malaysia can allow you to start a business after just 19 days of processing your papers. You can easily do the process online. Aside from this, it would cost you less to set up a business here compared to other countries like Singapore. It’s also important to note that other Asian countries import products from Malaysia such as Myanmar, India, Vietnam, and Singapore.
Thailand
Thailand is probably the country where you can start a business the fastest. According to the World Bank, you can start a business after just five days. Thailand is a very fascinating country for businesspeople because it’s one of the most affordable countries and the government makes sure that every business goes through strict standards. And this results in a low density of new companies which means that you don’t have a lot of competition in their market yet. However, you also have to make sure that you will pass their standards.
Sweden
It’s pretty easy to figure out why Sweden is one of the best countries to invest in this year. This country is already a part of the European Union since 1995, plus, it has a low level of corruption and a highly skilled workforce. Sweden, along with Finland, Denmark, and Norway are among the top 10 biggest economies of the world.
USA
If you’re thinking of expanding your business, then one of the best countries that you should consider is the US. This country has one of the largest economies in the world. It’s also popular for having a low tax rate. However, the tax rate depends on which state you are in. When you’re building a business, you want to have the right people beside you. The US is a country full of talented professionals and has a thriving tech industry. The USA is an excellent place for foreign investors who want to expand their businesses, and at the same time, level up the quality of their products and services.
Australia
The land down under is a paradise because of its natural beauty. It’s home to the most amazing beaches and rich in wildlife. But aside from these things, Australia is also drawing more attention from investors because of its vast metropolises and happy workers. According to statistics, people living in Australia are happy, and it can be due to various factors. It might be because of their perfect weather or even because of their high minimum salary rate. Australia’s citizens are not just happy they are also considered as one of the richest nations in the world. The country is flowing in natural resources which gives a lot of benefits to its citizens. If you are still not convinced that this country is a good place to build your startup, then maybe you should see it for yourself.
Hong Kong
Last but not least is Hong Kong. This country might be smaller than the previous countries on this list, but it is one of the most successful business centers in Asia. If you don’t have a huge amount of money yet that will allow you to invest in European countries, but you want to make sure that your business is going to be in a good business district, Hong Kong is a country that we could recommend. It’s easy to start a business in this country, plus it’s very inexpensive. Their government also allows foreigners to have 100% ownership of the company so it’s not going to be a problem if you can’t find a local partner. This country is also a leader when it comes to business and finance. But perhaps, the most impressive thing about Hong Kong is that it is one of the top least corrupt countries in the world. In fact, it is ahead of Germany, USA, UK, and Japan. This country is a very promising place for startups.
As a responsible business owner, you have to make sure that you’re making the right choices for your business. So start looking for the right countries to invest in now. To make your search easier, start with the countries we’ve listed here! But if you think you’re good enough, there are a range of business advisor like PKF Cooper Parry who are there to help you succeed.