Are you planning to start your own business abroad? Today it is easy! Here are 12 countries with favorable conditions for doing business in 2023

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The level of development of the country's economy and socio-political factors affect the possibilities of doing business. The general state of the economy, the efficiency of public administration, tax policy, legislation in the field of business activity, the quality of infrastructure, etc. are important. Also, the low level of corruption and the ability to defend your legal rights in court improve the conditions for doing business and help protect assets.

Which countries meet the above factors? Read more in our ranking of the most attractive countries in the world for business.

The most dangerous countries in the world in 2023 - read here.

Learn about the seven European countries where real estate is the best to buy in 2023.

• 1st place - Switzerland

Switzerland is recognized as the best country for entrepreneurs, which is known for the ease of doing business. The Swiss Confederation ranks second in the world in terms of GDP per capita. The country's economy is developed and competitive. In addition, Switzerland is known for its transparent legal system. The state has one of the best banking systems in the world. Switzerland is also considered one of the most technologically advanced countries in the world with a high level of innovation. Taxes in the country are not excessive, and the state also has an extremely skilled workforce. All these factors create the best conditions for doing business in Switzerland.

• 2nd place – Panama

Panama is a Central American country with a business-friendly environment. The country is safe and has a stable economy. It is easier to start and grow a business in Panama. The country uses the US dollar as its official currency, which is an advantage. It also has favorable governance, a tax regime, an open market economy, industrialization and a sound banking sector.

Panama's tax policy exempts income earned outside the country for both individual residents and companies. The political structure and policies of the country are such that they attract foreign and local investment. Panama is located somewhere in the heart of America. Thus, it is located near the United States - this fact increases the country's business advantages.

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• 3rd place – Finland

In 2021, Finland ranked 1st in the global innovation index. It is a highly industrialized and politically stable country. Finland is known for its strong infrastructure and skilled workforce. It is one of the easiest countries to do business in, as the country's political system can guarantee stability. Finland is an ideal environment for business development, especially for new enterprises.

• 4th place – Luxembourg

Luxembourg is a European country that is great for doing business because it has a strong economy. The location of the state is strategic from the point of view of doing business. It also has a highly qualified workforce and a favorable business and innovation policy.

Luxemburg has a high standard of living. The country is distinguished by its political and social stability. The state attracts many investors from all over the world. The taxation system in the country is favorable for business, the government offers entrepreneurs many benefits.

• 5th place - Norway

Norway is a highly developed country with a stable and strong economy. The government attaches great importance to the influence of business on the country's economy. Norway is an extremely innovative country and ranks among the first in the world in terms of GDP per capita. In 2016, the country entered the list of countries guaranteeing the ease of doing business. Norway is rich in natural resources and highly industrialized.

• 6th place – Denmark

Denmark is a great place to do business. The country has a high GDP per capita and a safe business environment. The World Bank ranked Denmark third in the world in terms of business friendliness.

• 7th place - Singapore

Singapore has an open business policy, skilled workforce, political stability and highly developed infrastructure. Singapore is known for offering the best protection of intellectual property rights. The country has a favorable tax policy, prosperous economy, developed infrastructure, low level of corruption, skilled workforce and favorable geographical location for doing business.

• 8th place – Indonesia

Indonesia is a highly exporting country, its geographical location is a great advantage for the country. The state is located next to India, China, Malaysia and Singapore.

• 9th place - New Zealand

New Zealand attracts investors from all over the world. The country offers a work-life balance, a favorable tax regime, a relaxed environment for foreign investment and a strong economy.

• 10th place - Sweden

Sweden is a country with a very good reputation, this advantage has a positive effect on business in the country. The country has a stable economy, political system, reliable banking sector, low corporate tax and skilled workforce.

• 11th place - USA

The USA has a stable political system and economy. The US dollar is one of the strongest currencies in the world and this is a significant advantage for business. The country owns more than 30% of the total wealth in the world. The country's GDP is constantly increasing, and the large population creates a good market for businessmen. Disadvantages include a strict tax system, but the United States is still recognized as one of the best places in the world to do business.

• 12th place - Great Britain

Great Britain has a favorable atmosphere for the development of any type of business. Peace and security prevail in the country. The political system is stable. The standard of living is high. The country boasts a high GDP and stands out as the sixth largest economy in the world.

Learn more about how to move your business to another country here. 

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