Thinking of starting a business? Considering doing so abroad? Whether it’s for a better quality of life or geographic position, or if there’s a location that’s renowned for your industry, here’s a list of countries worth considering.
No matter the size of your business, if you’re thinking about where to launch a ground-breaking idea or you’re considering your first international expansion, there are plenty of destinations to consider, to help your business grow.
Like many of its Scandinavian neighbours, Norway has one of the highest tax rates in the world, which funds its extensive welfare state. While high taxes aren’t at the top of most entrepreneurial wish-lists, Norway also offers a relatively stable economy and a strong emphasis on skills and education, offering an ideal pool of potential recruits. It’s also known for its residents’ quality of life, with beautiful scenery and plenty of mountain views to enjoy.
Canada closely resembles the US in its economy, production and living standards. It’s one of the world’s largest oil producers and also offers a strong investment relationship with the US. With this powerful relationship in mind, Canada offers a great opportunity for new businesses, especially those interested in US markets.
With a competitive corporate tax environment, within easy reach of several major European countries, Switzerland is a very attractive start-up location. The country boasts a strong economy, a highly skilled workforce and one of the highest GDP per capita figures in the world. Its economic and political stability, impressive infrastructure and high quality of life should make Switzerland an appealing business location.
Luxembourg has historically been known for stable growth and low inflation, largely as a result of an incredibly competitive tax regime.
The government actively supports economic diversification, welcoming foreign businesses in industries such as logistics, IT, health technologies and clean energy. Luxembourg also has a strong financial sector, accounting for about a third of GDP. While it’s not as renowned as countries such as Norway and New Zealand for quality of life, Luxembourg is nothing short of a business playground.