[dropcap]F[/dropcap]or a country to be worthy for investment, it should meet certain conditions and standards. Four main factors influence its worthiness, the environment, the citizens, the framework and the relationships. These conditions encourage both companies and entrepreneurs to invest in a country’s technology, markets, or natural resources.
The U.S. News & World Report identified the countries young entrepreneurs should invest in this year. The report chose the countries that have 8 main characteristics: technological expertise, skilled workforce, favorable tax environment, financial stability, low corruption rates, dynamism, and entrepreneurship.
Here is the list of the best countries to start a business this year.
Saudi Arabia
It’s recommended to be cautious when investing in Saudi Arabia because the country is under the leadership of MBS. However, Saudi Arabia is one of the best places to start a business because its project Vision 2030 tries to reduce the kingdom’s economic dependence on oil. They try to diversify the business portfolio and to develop all the other sectors. The Saudi Crown Prince Mohammed bin Salman stated that he will provide new opportunities for foreign investors to encourage them to invest in Saudi Arabia.
Nigeria
The African business market is rising faster than the ones of developed economies, and Nigeria is one of the African countries that provide great investment opportunities. Nigeria is a large market being the most populous country in Africa. Foreign investors benefit from a favorable investment climate for both young and experienced investors. It also established programs and policies that provide a free market economy. And we should not forget to mention that Nigeria is rich in natural resources like agriculture and mineral.
Singapore
Singapore is known for its strong economy and it’s a top location for tech and financial companies. Due to its proximity to China, investors and especially the businesspersons who want to start a company in the trade or financial markets, consider it a great country to invest in.
It’s recommended to get a Singapore Business Visa if you want to start a company in a country with a diversified economy and a free trade philosophy. You can benefit from numerous incentives and a low taxation regime if you choose Singapore as your investment destination. And where do you count that it has a low level of corruption and a skilled workforce?
Qatar
Young entrepreneurs benefit from multiple advantages if they invest in Qatar because the country invests the revenue it gets from gas and oil, in all the other economic sectors. It’s a fast-growing economy and this should encourage the investors who want to start a venture overseas. It provides attractive incentives to entrepreneurs because it’s one of the six members of the GCC. Similar to Saudi Arabia, Qatar has established a project called Vision 2030 that established the steps is should make to achieve progress and prosperity.
Middle East countries are considered destinations of endless opportunities, and Qatar is one of the most promising countries for young entrepreneurs.
The survey shows a list different from the one from 2018 when the best countries to invest in were Malaysia, Poland, Indonesia, Philippines and Singapore.
