Budding entrepreneurs, these 5 countries are best for the start-ups
Building a company is always difficult, but in some countries, it is less challenging. Programmes in these countries give entrepreneurs the push they need to kick-start their dream projects. The US News and World Report has ranked the countries best for entrepreneurs on the basis of an educated workforce, infrastructure, ease of capital, legal framework, among other factors. Here are the five best countries.
High standards of business take Germany to top of list
Topping the list is Germany, where starting a business comes with least hurdles. Large business hubs like Berlin, Frankfurt, Munich and Hamburg, and a larger marker make it easy to test products. Another factor aiding start-ups is that English is widely spoken. Further, the government allows a lot of write-offs, and clients stay loyal as long as quality is delivered, motivating entrepreneurs.
Japan, country on brink of cultural shift, comes second
In the last couple of years, young Japanese have shown penchant towards smaller, entrepreneurial companies rather than multinational brands. With more funds, incubators and networking, Japan is the ideal place for entrepreneurs. A number of getaways and sense of community in the country make lives easier. Though English is spoken, it is advisable for them to learn Japanese to understand hidden layers of business.
Nothing like the American dream; US takes third spot
Home to most of the tech-giants, the USA is still the place where failure is not frowned upon. Apart from California's Silicon Valley, entrepreneurs can find a foothold in New York and other cities as well. Plenty of mentors and the zeal to bring about a change with even one idea makes the US the perfect place to 'start-up'.
Despite Brexit, United Kingdom offers plenty to entrepreneurs
The United Kingdom took the fourth position on the list proving Brexit hasn't deterred dedication of entrepreneurs to start their companies. It's breezy to find financing, mentors and right employees in the UK, winning half the battle. Getting government-backed start-up loans, free business templates and filing taxes can all be done online. The major roadblock is costly accommodation prices.
Not only for holidays, Switzerland is excellent for start-ups
Investing in research and development, years ago, really helped Switzerland build a robust financial sector, leading the country to the fifth spot. Lately, Switzerland has bred many cryptocurrency start-ups. It has business-friendly tax rates and its location in Europe makes trade easier for companies. The Swiss economy comes with its own set of benefits, often making up for extravagant living costs.