By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Research centres define optimal investment portfolio amid high inflation
    Research centres define optimal investment portfolio amid high inflation
    March 26, 2023
    Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
    Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
    March 26, 2023
    Abu Dhabi Islamic Bank - Egypt achieves net profit of EGP 2.190bn in 2022
    Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022
    March 26, 2023
    JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
    JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
    March 26, 2023
    Financial position of banks in Egyptian market increases to EGP 11.399trn in 2022: CBE 
    Financial position of banks in Egyptian market increases to EGP 11.399trn in 2022: CBE 
    March 26, 2023
  • Politics
    PoliticsShow More
    Health Minister opens 1st production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt
    Health Minister opens 1st production line of ‘Hepatitis B and Pentavalent’ vaccines in Egypt
    March 26, 2023
    Al-Sisi follows up on Justice Ministry's efforts to accelerate trial procedures at courts
    Al-Sisi follows up on Justice Ministry’s efforts to accelerate trial procedures at courts
    March 26, 2023
    Egypt participates in Earth Hour initiative 
    Egypt participates in Earth Hour initiative 
    March 26, 2023
    Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
    Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
    March 23, 2023
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Best countries to start business in: US, Switzerland, Japan on list
Share
Notification
Latest News
Meet Yehia Abouseif: Artist and designer hailing from Cairo and now based in New York
Meet Yehia Abouseif: Artist & designer hailing from Cairo and now based in New York
Culture
Research centres define optimal investment portfolio amid high inflation
Research centres define optimal investment portfolio amid high inflation
Business
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Business
Abu Dhabi Islamic Bank - Egypt achieves net profit of EGP 2.190bn in 2022
Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022
Business
JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
JICA organizes hybrid event titled ‘Promoting Social and Continuous Learning in Egypt and Japan’
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > In Focus > Best countries to start business in: US, Switzerland, Japan on list
In Focus

Best countries to start business in: US, Switzerland, Japan on list

Reem Hosam El-din
Last updated: 2018/07/17 at 4:27 AM
By Reem Hosam El-din 5 Min Read
Share
SHARE

Starting a business can be a big issue for investors and entrepreneurs who may have a wide array of choices that may be very confusing, but also have many things to consider when they start their activity. Whether online or brick and mortar, there are things to look out for to ensure that the business to be started will not be destined to fail. Certain countries are easier than others for start-ups to get off the ground.

There have been many surveys conducted over the past period to determine the factors necessary in a country to start a business. The US News and World Report recently ranked the best countries for entrepreneurs based on several factors. These included connectedness to the rest of the world, availability of a skilled and educated workforce, developed infrastructure, a well-developed legal framework, and easy access to capital.

Five countries, according to the report, were ranked as the best in terms of starting a business. Talks were held with entrepreneurs in each of these five countries to uncover the benefits that a business gets from them, the BBC reported.

Germany was on the list, being the world’s fourth largest economy and the largest in Europe. The country has a well-educated workforce, in addition to policies that are rather start-up friendly. Germany has many cities that are deemed important economic hubs, such as Berlin, Frankfurt, Munich, and Hamburg.

Japan is also on the list, and to many, the country is on the verge of a major cultural shift. Additionally, the Japanese economy’s core is Tokyo, the city that makes it easier for foreigners to make professional connections and provides many global opportunities for people to be involved and connected to one another. English is spreading in Tokyo to prepare for the 2020 Olympic Games, which eventually works out for the best of the businesses and start-ups in the city.

The United States of America is also one of the best five countries for starting business. “While many recent successful tech start-ups are headquartered in California’s Silicon Valley, New York City, and other US metros harbour their fair share of start-ups. Because the US has a fairly uniform culture and a large market, scaling nationwide is easy here,” said Wen-Wen Lam, CEO and co-founder of San Francisco-based travel management platform NexTravel, according to BBC.

Business in the United Kingdom is easy in terms of getting financing. The UK managed to attract over £4bn in investments, which is the largest amount of venture capital of all European countries; however, the high costs of housing in London can be a struggle for business owners and potential employees.

Even though Switzerland has a lack of natural resources, it invests greatly in research and development to make sure its economy grows, which has resulted in creating a better environment for businesses. The country has a rather friendly regulatory environment and business-friendly tax rates, in addition to a distinct location in Europe.

Online business specifically requires a certain environment, and according to World First’s list of the best countries to start an online business in, Denmark, Singapore, US, Switzerland, and South Korea are the top countries.

Denmark has a small population of six million people. It has a strong market economy. Some of the largest companies there are Lego, Zendesk, Trustpilot, and Siteimprove.

Singapore has low business taxes and a favourable location in the heart of Asia. It has become a favourite base for companies looking for a gateway to Asian markets, including China.

As for South Korea, the country has high-speed internet connectivity. This country’s infrastructure is unparalleled. “South Korea is the world leader in broadband and boasts the fastest average internet connection speed of any country in the world. Additionally, about 92% of its population are internet users,” World First reported.

For the decision to start a business, there is a lot to consider, but looking at the indexes of the best countries for start-ups and businesses, things may be made a lot easier for business owners, and more doors are yet to be opened. 

You Might Also Like

Egypt, Japan discuss security issues in Horn of Africa, Red Sea

Japan grants $3.8m aid through FAO to Egypt to increase agricultural productivity

Opinion| Fierce competition between US, China, and Russia over Africa’s wealth

Opinion| The US obstructs the Chinese peace initiative to reap the gains of the Ukrainian war

Leaked audio reveals US rail workers were told to skip inspections: The Guardian

TAGGED: Japan, Switzerland, US
Share this Article
Facebook Twitter Email Print
Previous Article A bit of the Greek islands in the heart of historic Athens
Next Article Parliamentarians reject law, hashtag created to criticise ‘selling Egyptian nationality’
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Meet Yehia Abouseif: Artist and designer hailing from Cairo and now based in New York
Meet Yehia Abouseif: Artist & designer hailing from Cairo and now based in New York
Culture
Research centres define optimal investment portfolio amid high inflation
Research centres define optimal investment portfolio amid high inflation
Business
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
Business
Abu Dhabi Islamic Bank - Egypt achieves net profit of EGP 2.190bn in 2022
Abu Dhabi Islamic Bank – Egypt achieves net profit of EGP 2.190bn in 2022
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?