Top 10 countries for investment in 2018 According to experts of the World Bank, in 2018 investors should pay attention to a number of countries where their investment can pay off. Her
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Forbes: best countries for business 2018 Forbes has rated the business friendliness of the world's biggest economies annually for the past 12 years. The magazine determined the best c
The results were also influenced by the published reports of the non-governmental organization Freedom House, the Heritage Foundation, the international organization Property Rights Alliance, the United Nations, the anti-corruption organization Transparency International, the World Bank, Aon, Marsh&McLennan, and the WEF.Some of the criteria were expanded or changed.
10th place — Switzerland
With a shortage of natural resources and absolute political and economic neutrality, Switzerland which is an active participant of international relations has achieved the highest prosperity.
Inflation rates here tend to zero and the unemployment rate rarely exceeds 3%.Business in Switzerland is competitive, stable, and efficient.
The country is leading in terms of the highly qualified specialists number. The absence of corruption, strong national currency, and low corporate tax rates create perfect conditions for entrepreneurial activities.
9th place — Singapore
Another state that made a powerful economic breakthrough was Singapore. To date, it is one of the busiest and rapidly growing world economic centers providing attractive conditions for many entrepreneurs.In the middle of the 20th century it was a quiet port city.
Focusing on foreign investment, Singapore has taken steps that spurred the powerful development of business in the country. These include the development of government support programs for businesses and financing start-ups.
Corporate taxation system in tandem with general high standard of living attracts young companies that are starting business in Singapore.
8th place — Ireland
The breakthrough in Ireland which experienced a rather serious crisis in 2008 is explained by the great number of highly qualified young professionals and a flexible taxation system.
The favorable business environment has allowed the country to become the world's leader in the technology sector business. The industries such as pharmaceuticals, biotechnologies, medical equipment, information and communication technologies are also actively developing here.
7th place — Denmark
Geographically, the convenient location of Denmark contributes to the expansion of its economic activities in Scandinavia and the Baltic states.
Thanks to the international trade level, the ease of paying business taxes, obtaining construction permits, and decisions on insolvency Denmark has been among the top ten countries in the world for many years.
Agricultural activities are also popular.Most foreigners start their business by opening hairdressers, cafes, laundries, insurance companies, tourist offices, freight forwarders, and other service-oriented businesses.
6th place — Hong Kong
Hong Kong is in the top ten of this rating thanks to its developed infrastructure, progressive corporate legislation, and a reliable banking system.
The location in the very center of the dynamically developing and promising Asian-Pacific region allows Hong Kong which is a large-scale consumer market to cover half the world's population.
The absence of VAT and customs duties and excises, the modest rate of taxes on profits, income and real estate, and the absence of outsource income taxes give Hong Kong the full right to be considered a real «tax haven».
5th place — Canada
Canada is also known for its developed system of lending and consulting.Canada is an example of a prosperous country with strong economy, high social security of citizens, and excellent business conditions. The government and various business associations support all types of business.
It is much cheaper to register a business in Canada than in a number of other countries and the size of the profit tax is one of the lowest in the world. With such conditions the government tries to attract economically active people who can contribute to the development and prosperity of the country.
4th place — Sweden
Today Sweden is considered one of the most promising countries in terms of business. The most incredible startups in history are realized here.
One of the most popular businesses here is the development of mobile versions for new portable devices. Besides there are such developing areas as projects related to architecture, design, and applied arts.
However, with all the existing advantages, it is more difficult for foreigners to open a business in Sweden due to the fact that this requires mandatory registration. Moreover the choice of ownership forms is limited to LLC (Privat Aktiebolag) and OJSC (Publikt Aktiebolag). Together with very high taxation, successful business in Sweden is possible only with a lucky coincidence.
3rd place — Netherlands
People say it is time-consuming and difficult to open a business in the center and the west of Europe. But in the Netherlands this procedure is convenient and easy because of low tax rates, simplicity of registration, and tangible financial support from the state and private companies.
Thanks to extremely favorable geopolitical position, logistics in the country is at the highest level.Startups in the agricultural ares enjoy the greatest success in the country. However, food trade, chemical and medical industries, production of alcohol and tobacco products are also successful.
2nd place — New Zealand
In terms of economic growth, New Zealand is second only to Ireland. But later the New Zealanders privatized dozens of industries previously controlled by the government, such as air travel, insurance, banking services, and telecommunications. New Zealand is ranked second in this list for the third consecutive year. New Zealand leads the overall list of criteria such as lack of bureaucracy, low levels of corruption, and property rights.Half a century ago it was a country with an agrarian economy.
1st place — United Kingdom
Even Brexit scheduled for March 2019 did not lead to the economy collapse but contributed to the creation of an attractive business climate in the country. For the first time in twelve years, the United Kingdom took the first place in the annual ranking of the best countries for doing business according to the Forbes version.
From the point of view of technological development, as well as in terms of the number and level of education and qualification of the workforce, the country is in the top five.The Great Britain received high marks in almost all parameters except for «political risk».
