But First a Word from Our Sponsor…
Before looking at any of the places you might like to go to start your business, one very important factor is communication. It would be in your best interest to find a sponsoring country that is fluent in English. Many of the most viable options from a business perspective may not be well versed in your native language and could cause problems. Whether you are from the United States, Great Britain, Australia or another English speaking country, it is best you stick with nations that speak English. For this reason, the four amazing places listed here use both English and their native language for all business and government transactions.
1) Hong Kong
Of course, everyone knows that Hong Kong is a strong international hub for commerce in Asia, but what they probably don’t know is that English is like a second language. Most business transactions can be completed in English, so for those who perhaps come from a French or Spanish speaking nation, their transactions would most likely be worked in English. That is, unless you speak one of the Chinese dialects!
Like Hong Kong, much (if not most!) international business is transacted in English. When starting up a business it helps to be able to communicate both with the government as well as with business contacts and potential clients. Trying to start a business where you can’t understand each other is an exercise in futility. One thing that is very important in Singapore is that they have very strict laws regulating behaviours common in the west. Although you can open a thriving business here, be mindful of social etiquette that may be a breach of their laws. Yes, you heard that right, some socially acceptable behaviours in the west are illegal in Singapore.
One of the hottest new places to start a business is in Dubai, UAE. Not only is it centrally located in the Arabian countries, but it is the most geopolitically stable as well. Dubai has a great number of serviced office rental spaces which makes it affordable for start-ups. New businesses need to focus on a cost-effective solution for office space and these serviced rentals are the answer to that need. Besides having great locations for operating from, Dubai also transacts a great deal of business in English.
One of the reasons why Denmark is often overlooked as a start-up location is because of the misconception many have in terms of the struggling Euro. Denmark is one of the countries that opted out of the EU and thus are not bogged down by all the financial pressures throughout much of the rest of Europe. As well, because of the sheer numbers of US and UK businesses with corporate offices there, most people are quite fluent in English. Denmark has a strong financial infrastructure, recognised and applauded by the World Bank, which makes it a logical choice to be listed amongst the top four countries for start-ups.
So there you have it, four logical choices when looking to start a business in a foreign country. If they speak English and you can easily communicate, you are on your way. From there you can learn about rules and regulations, but without the ability to communicate, you are working in the dark. No matter where you choose to locate, please make sure you understand what’s going on. If not, they may be selling you the Eiffel Tower or the Brooklyn Bridge.