The Five Best Places In The World To Start A Company

Which country has the lowest tax rates? The highest graduation rates? The most stable economy? Click through to find out.

What Makes A Country Attractive To Startups

When it comes to things like workforce education, low cost of living, and economic health, the U.S. and four other countries come out on top for the best places to launch a startup, according to research compiled by Washington State University’s College of Business.

HONG KONG's educated workforce

Top of the list because of its extremely low corporate tax rates, Hong Kong also boasts high literacy and post-secondary education rates, which translates to a workforce than can handle the needs of a burgeoning company.

CANADA's economic health

The country to the north’s rate of inflation is only 1.2%, which indicates that Canada’s good economic health should remain consistent for some time. And what startup doesn’t like stability?

America's Low Cost of Living

While the U.S.’s corporate tax rate is steep, the country makes up for it with the lowest cost of living. This means cheaper offices, supplies, the whole shebang.

SINGAPORE's Low Corporate Taxes

Who wants to pay high corporate taxes? Save that money and move your startup to Singapore, where you’ll only pay 17%, leaving your business with more to do more.

AUSTRALIA's economic health and educated workforce

Signapore may have low corporate taxes, but their rental costs are another story. Just a hop and a skip away though, Australia boasts much lower rental costs, a more literate workforce, and plenty of space to go about your business.

The Five Best Places In The World To Start A Company (Infographic)

Which country has the lowest tax rates? The highest graduation rates? The most stable economy?

When considering where to startup, you might want to consider Hong Kong.

But if you'd like to stay closer to home, there's good news. The U. S. is still one of the most attractive places to start a new business.

When it comes to things like workforce education, low cost of living, and economic health, the U.S. and four other countries come out on top for the best places to launch a startup, according to research compiled by Washington State University’s College of Business.

Want to see how each country stacks up? Check out this infographic from Washington State University’s College of Business.

Hong Kong

Top of the list because of its extremely low corporate tax rates, Hong Kong also boasts high literacy and post-secondary education rates, which translates to a workforce than can handle the needs of a burgeoning company.

Canada

The country to the north’s rate of inflation is only 1.2%, which indicates that Canada’s good economic health should remain consistent for some time. And what startup doesn’t like stability?

United States

While the U.S.’s corporate tax rate is steep, the country makes up for it with the lowest cost of living. This means cheaper offices, supplies, the whole shebang.

Singapore

Who wants to pay high corporate taxes? Save that money and move your startup to Singapore, where you’ll only pay 17%, leaving your business with more to do more.

Australia

Signapore may have low corporate taxes, but their rental costs are another story. Just a hop and a skip away though, Australia boasts much lower rental costs, a more literate workforce, and plenty of space to go about your business.

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8 Comments

  • Marc Marius Mueller

    Gerry, I don't think the article "fails to mention Europe". It simply references different research. In addition, I believe the angles are slightly different. This article specifically talks about "best places to start a business", whereas the article you linked to talks about "best places for business". While there certainly is some overlap, there are also important differences. For starting businesses, access to funding /grants, risk-taking mentality, support structures etc play a more important role than they do for established businesses.

    Secondly, and this is not based on research, but rather on reading and conversations with several founders mainly in Germany, the increasing regulation in Europe through the commissions of the European Union will play an important role. It creates an unnecessary regulatory complexity that might make it more unattractive for starting businesses. Like I said, this is not based on an official study, just a pattern I see emerge from conversations

  • Hi Agree with Gerry. Ireland is the happening place. Having travelled around and lived in different countries for such a small country there is a hive of both local and international activity that means Ireland is punching well above it's weight. It's gas because one of the key performance indicators used is the low corporation tax. This is the very policy that even President Obama attacked Ireland for having. We have Facebook, Google, Apple, Intel, Hubspot to name but a few of the big guns basing their EMEA HQ's right here in Dublin. So it's disappointing to see that FC either didn't do it's homework or was being chippy. Either way it's not a positive thing. Heck even the new Star Wars is being filmed in part here!