At MYIA, we’ve discovered that the new American expat generation is leading the push beyond America’s borders in search of adventure and new opportunities. Many expat entrepreneurs are headed to New Zealand, the best place in the world to start a new business, according to the Work Bank.
For our new article, “10 Best Countries for Expat Entrepreneurs,” we turned to the World Bank’s “Doing Business 2015” report team, who annually rank 189 countries on both the ease of conducting business and starting a new business.
This year, New Zealand leads the world in the ease of starting a new business category and comes in second on the ease of doing day-to-day business.
“New Zealand is the best performing country for new business,” the World Bank team says, “because of the simplicity and relative low cost of starting a business in the country. First, it takes just one online procedure to get started. Then, it should take start-ups no more than a half-day to get everything done. There also are no paid-in minimum capital requirements in New Zealand and the costs to start a limited liability company are only 0.3 percent of GNI per capita, which is the average income earned by a New Zealander.”
New Zealand’s lack of red tape, investor protections, stable business environment and transparency are winning it high marks from investors and entrepreneurs.
“New Zealand stands out because they tick all of the key criteria we consider,” the World Bank team said. “We have been gathering and analyzing data to compare business regulation environments and the time it takes to start a business across 189 global economies since 2002.”
In addition to New Zealand, the other top 10 best countries for entrepreneurs are a mix of developed and emerging nations: Canada, Macedonia, Armenia, Georgia, Singapore, Australia, Hong Kong, China, Kyrgyzstan and Portugal.
By comparison, the United States ranked forty-sixth in the ease of starting a business category.
You can read the full article by clicking on the link above.
