The 5 Most Attractive Countries In The World To Launch A Startup

According to new data compiled by the Washington State University’s College of Business, the United States is still one of the most attractive countries in the world to launch a startup. Which economies are fostering start-ups?

Check out this infographic from Washington State University’s College of Business. The formula takes into account workforce education, Startup funding, Corporate taxation, economic health, and cost of living.  Here’s the list of the 5 most attractive countries in the world to launch a startup:

1. Hong Kong: According to the study, Hong Kong is on the top of the list because of its extremely low corporate tax rates (16.5%), Hong Kong also boasts secondary education rates (51.1%), post-secondary education rates (27.7%), high literacy (93.5%), and unemployment rate averaging approximately 3.2%.

2. Canada: with 1.2% rate of inflation Canada ranks 2nd in the list. Canada also boasts secondary education rates (88%), post-secondary education rates (24.2%), high literacy (99%), and unemployment rate averaging approximately 7%. And what startup doesn’t like stability?

3. United States: The U.S.ranked 3rd on the list of the 5 most attractive countries in the world to launch a startup – secondary education rates (87.65%), high literacy (99%), and unemployment rate averaging approximately 6.6%. While the United States’s corporate tax rate is steep, US makes up for it with it’s relatively low cost of living, a well-educated Workforce, and miniscule inflation rate.

4. Singapore – with 17% corporate tax rate and low inflation, secondary education rates (68.8%), high literacy (95.9%), and unemployment rate averaging approximately 1.8%. Who wants to pay high corporate taxes — Save that money and move your startup to Singapore???

5. Australia – high literacy (99%), and unemployment rate averaging approximately 6%, Australia boasts much lower rental costs and plenty of space to go about your business.