View Full Version : Where to start a new venture

06-19-2013, 07:09 AM
If you were to start a new business where the physical location was irrelevant, where would you establish that business? I want to know which country is most advantageous for starting a new business. I'm looking at the countries overall stability, financial stability, tax rates, privacy and legal protections, etc.

Singapore, New Zealand, some small island nation, dubai,???????

Or should I have the parent company in one country, do the banking in a different country and have any physical assets in a third country?

06-19-2013, 07:42 AM
One of the factors you didn't list was "people" and "culture". If your company requires employees, where can you find the right kind of skillsets and character at the right price? Also, even if your business doesn't need employees or you're doing remote employees, it's still good to be in a country where the people where the business is based understand and support your kind of business. This will help you have friends on the ground there that 'get it' and are 'cool with it', as in the right kind of lawyers, accountants, help/friends in the government, etc... So, what kind of business is this? What are the employment needs? What is the ideal geopolitical environment of this business? Without knowing these factors, it's going to be hard for any of us to give any specific, unbiased advice beyond just where we like living and where we'd like to do business based on our own biases and filters we have because of the kinds of businesses we're familiar with.

06-19-2013, 07:45 AM
The location where I have my business and banking is Singapore, for all the reasons you are concerned about.

Chris Upchurch
06-19-2013, 07:53 AM
It depends on what sort of business.

06-19-2013, 08:01 AM
Detroit! Land is cheap there :lmao:

06-19-2013, 09:00 AM
NZ is a good choice for all the reason above AND that culture, people and skill sets are largely there although they do have a shortage of IT and infrastructure people...shipping cost pre and post manufacture could be an issue...

06-19-2013, 09:08 AM
The Isle of Mann has very supportive banking laws and low taxes. It also has the advantage of a stable government and English as a native language. Definitely worth a look.


06-19-2013, 10:12 AM
I like to think is 2013 terms.
First: Don't have a "Bricks and mortar" or store front". The less overhead the better.
Second: Dont wear-house inventory. Acquire it as needed. Very hard to take a loss if you don't actually own anything and any point.

This led me to consulting. Getting paid for what I know, not what I do.

Advice: Don't get caught in the trap of using old business models to solve todays business challenges. Do what you have always done and you will get what you have always gotten.
Also, every country has their own legal constraints. Avoid them and be truly in-specifically international. To put down roots means submitting to someone else's legal views.

All that said, in LATAM, one of e business friendly places I have found is Panama. The place with the most sustainable business potential in Panama.

Dubai? I have been in and out of there several times for business. Great place to look for venture capital and sponsors, but not to actually RUN/MAINTAIN a business.

Finally: Don't go where the competition is...go where it ain't. Attack the market weak points, not the strongholds.

Nuf sed.....