It is never easy to establish a new business, but companies that are forced to develop out of those vital early years within countries that offer no real support to entrepreneurs and small business owners are bound to be up against a high likelihood of failure.
To give a small business the nurturing and attention that it needs to expand into a lucrative prospect, a country must offer both adaptability and innovation and be willing to assist with the slow and careful construction of worthwhile enterprises.
The bottom line is that not all nations are able to offer this kind of support, and some are much better than others when it comes to welcoming serious corporate expansion. With strong economies, entrepreneur-friendly funding initiatives, and easy-to-understand regulations, the following countries are some of the best places to set up and watch a new business grow.
Hong Kong: For some time, Hong Kong has been known as one of the most open and successful free market economies in the world. While its links with China can be a source of conflict from time to time, its status as the People’s Republic has enabled it to uphold a very supportive corporate environment. For Hong Kong, overseas trade and financial institutions and exchange are very important, and it continues to be one of the finest choices for US enterprises looking to operate inside mainland China.
Singapore: This country is regularly cited as one of the best nations for US entrepreneurs to set up small businesses because its economy is enthusiastically free market and, famously, one of the most open and welcoming on the planet. It is now one of the richest nations in the world, and medical and pharma enterprises are lining up to take advantage of this prosperous environment.
The Middle East: It is worth looking at the Middle East as a whole because the entire region currently offers great opportunities to those looking for business success. It is keen to reach out to valuable enterprises with worthwhile products and services to sell. With extraordinary expansion, rapidly growing populations, and a huge level of demand, there is every reason to consider the region as being one of the best for small businesses. For example, take a look at successful businessman Fahad Al Rajaan, former head of Al Ahli United Bank and current chairman of the Kuwait Real Estate Investment Consortium.
Denmark: It may come as a surprise to some to discover that Denmark is considered to be one of the best countries in which to set up a small business. It is also the only nation to top lists of the most entrepreneur-friendly countries that has no historical connections with the British Empire. In other words, it has forged its own way and managed to uphold a flourishing market economy and rapidly developing pharma, energy, and farming industries.
If you are keen to establish an SME overseas, the countries outlined above can offer you reliable financial, legal, and market-based support. Once you have proved yourself as a worthwhile enterprise, there will be nothing stopping you from taking your company worldwide.
