Best countries for startups
money.cnn.com
money.cnn.com
1) Availability of talent 2) Labor laws overall 3) Availability of ready market and spending power
I may be biased, but IMO the US is the #1 place in the world for technology startups when you factor all these things in.
the article is referring to startups in general, not necessarily tech startups.
Still, it's not a bad list. I wonder how much money you have to have to start a Danish company though. Places like Italy and Austria are nowhere near the cheap fees that exist in the US.
Edit: Georgia?!? Might be ok in terms of regulations, but has a significant "being blown up by the Russians" risk factor.
Congrats to Venezuela for being the only non-African country to make the list!
How many companies do you need to setup???
The value of speed is simplicity. Outside the hacker world, I think there are a lot of people that are simply too scared by even minor legal paperwork to see past it.
The time and resources required for incorporation are a good metric, but since the difference in the top-ten is only a matter of hours it looks trivial. In far too many nations, it's not.
1. You do not require ANYTHING to start a business in Australia
2. There are three main types of 'business structures' in Australia
a) Sole Trader - NO PAPERWORK IS REQUIRED but most people register a name so they can get a bank account in their business name eg Fred's Flowers
Time: 5 mins Cost: $142 About half of all businesses are sole traders.
b)Proprietary Limited company Fred's Flowers Pty Ltd (similar to a US Inc)
To create a Proprietary Limited requires at least 1 shareholder and 1 share and 1 director.
Pty Ltd are legal entities that account for about half of all business in Australia.
Time: 5 mins Cost: $400
3. Limited companies. Fred's Flowers Ltd These are large companies, often listed on the stock exchange. I own and control an unlisted public company but we will be listed in a few months.
As much as I like our Kiwi cousins, it is not the 2nd best place to start a business in the world.
The methodology is deeply flawed to the point of nonsense.
For instance there there significant differences between the US and NZ on labour issues, within the report US is rated 1, NZ - 14.
Whereas CNN says:
"As in the U.S. and Hong Kong, hiring and firing is relatively easy to do in New Zealand, with no mandated penalties, notice or severance payments for fired workers"
If yr really keen to discover more: http://www.ers.dol.govt.nz/
If your business is tech related, it would be best to do it in the US since they have the largest spending power for tech-related services.
If you are a mining contractor, you should do it in Australia as they are rich in resources.
Follow the market.
I'm not sure what their definition of "Starting a business" is though, since technically in Canada all you need for that is a GST number, which you can apply for online for free and comes in the mail as soon as they can get it to you. You get a temporary number that you can use prior to that.
Trade is about right though, especially from the US. Where this free trade that we're supposed to have is I have no idea.
Starting some sort of limited liability company that is its own legal entity, is my guess.
If you are Canadian and want to start a business, you can find everything you need on starting (and running) a corporation here: http://www.ic.gc.ca/cgi-bin/sc_mrksv/corpdir/corpFiling/regi...
If you buy a USD $2500 computer you can't deduct the expense immediately. Or if you just buy a printer and that plus the computer you use the printer with is more than the limit of around $2000, you can't deduct it from your taxes immediately.
It's true that the paperwork for starting a business is pretty quick and easy. But for a LLC or Corp. type of business structure you need to put a minimum of DKK 125K (about USD $25K) in the business.
There are over 50 countries where english is the main language. So that's not really possible.