C-Suite Advisory

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:

Hong-Kong-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%.

canada-Launch-A-Startup

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?

US-Launch-A-Startup

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.

Singapore-Launch-A-Startup

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???

Australia-Launch-A-Startup

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.

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

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Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.