DO YOU KNOW WHICH- THE BEST COUNTRIES FORSTART-UP ARE, TODAY?
The prosperity and success of a nation largely depends on the entrepreneurialopportunities available in the country. These days, many countries are comingforward to boost start-up culture and buzzing right with entrepreneurial creativityand dynamism from internet and gaming enterprises to new businesses launchingthat are focused on saving lives and protecting the environment. But somenations are leading the helm and counted among the 'best countries forstart-ups'.
Here, 'the best nations for entrepreneurs or start-ups' do notnecessarily have the largest economies. The major factors to determine the mostfavourable country for budding startups include the number of procedures necessaryto start a business, injectable venturecapital, the cost of things, national income, per capita income, flexibility ofstarting a business and many more.
Here we arepresenting a list of some of the most attractive nations for emerging startups:
Germany-Country of Several Business Hubs
With the world's fourth-largest economy, Germany holds the firstposition when it comes to the best countries for entrepreneurship. Thecountry's mix of transparent business culture, highly educated workforce, as wellas start-up-friendly policies, pushed the country to the top of the index.Unlike other countries where a single city is an economic hub, Germany hasvarious business hubs like Berlin, Frankfurt, Hamburg, and Munich. No doubt,the country does have some challenges for new business owners, mainly itscomplex tax code but still it is on the top.
Japan- AParadox of the Business World
One of the world's best-educated and technologically advancedcountries, Japan is highly attractive to entrepreneurs. It has long been aparadox in the business world, where a traditionally risk-averse culture hasalso spawned world-changing innovation. While people here once preferred to dowork in big multinational companies for lifelong employment. The presentgeneration is going towards smaller and more entrepreneurial companies. Theeconomy's heart is in Tokyo has plenty of international opportunities forpeople to be involved and connected to each other. Apart from its ranking onentrepreneurial career, the country is going on a higher range as one of theplaces where people live the longest.
UnitedStates- A Leading Hub of Innovation
The United States has been a leading hub of innovation andentrepreneurial activity, mainly its world-famous Silicon Valley. Unlike inmany other cultures, here failure does not frown but is looked on as a learningexperience. Entrepreneurs get encouragement to take risks and test the statusquo. There are many mentors who are happy to support emerging business owners.Hiring can be tough in this competitive market. Yet, it is among the bestcountries for entrepreneurship.
UnitedKingdom- The Strong Business Community Holder
The United Kingdom is considered as a great place to start abusiness with its low barriers to entry and strong business community andtalent. Although, there are some uncertainties around the future of Britain'strade relationship with Europe. The government has been working to make theprocess smooth. Currently, the government is trying to lure entrepreneurs andinvestors by introducing an entirely new type of visa, created for prospectiveentrepreneurs in the year 2011. Foreign entrepreneurs and investors can easilysettle in the UK in as little as two years; it depends on how much money theycan inject into the economy, compared to the minimum five years of other visas.The community mainly in London plays a major role in start-up success, as it iseasy to hire the right talent, and face-to-face business meetings are a breezeto set up.
Switzerland-Highly-Skilled and Highly-Educated Workforce
One of the world's wealthiest countries, Switzerland is in the topfive because of its highly-skilled and highly-educated workforce. With lowcorporate taxes, easy access to capital and a well-developed legal framework,the country highly fascinates entrepreneurs. The country has traditionally hada robust financial sector, with compliance and expedient government regulationat its core. Though the extremely high cost of living here is painful fornewcomers, seasoned entrepreneurs. The central location with Europe meanslocals can also take regular advantage of fast and cheap flights across the continentfor weekend getaways.
Sweden- Business-FriendlyEnvironment
The Scandinavian state ranks on a higher position for transparencyof its business practices and for its highly-educated workforce. Thebusiness-friendly environment, cultural influence, quality of life and retiringcomfortably mainly attract the start-ups here. Sweden might not on the top forfunding side, but is certainly is the start-up point of some major formerstart-up unicorns like Truecaller or Spotify.
Canada-Headquarter for the Raising Corporate Culture
The second-largest country in the world after Russia, Canada isamong the most business-friendly countries for entrepreneurship. Here, societyhas the modern and high quality of life, green living, education, women andmost forward-looking countries that make it headquarter for the raisingcorporate.
So these are the best countries that are on the leading positionsin the best places for entrepreneurs. Apart from the above names many nations areon the way to listing their names in this list.
