Top 10 Business-Friendly Countries, Ranked

Singapore: The Global Gold Standard

Singapore has repeatedly topped global rankings for business-friendliness, thanks to its transparent regulations and highly efficient bureaucracy. According to the World Bank’s 2024 report, Singapore ranked number one for ease of starting a business, with most companies registering in under 24 hours.

Corporate tax rates remain competitive at 17%, and the city-state offers a strategic location for accessing Asian markets. In 2023, the Global Competitiveness Report highlighted Singapore’s robust intellectual property protection and world-class infrastructure.

Foreign investors benefit from zero restrictions on repatriation of profits, making it a favorite for multinational headquarters. The government also provides generous incentives for innovation and technology, further boosting its appeal.

Singapore’s political stability and low corruption continue to attract entrepreneurs worldwide.

Denmark: Europe’s Startup Powerhouse

Denmark stands out in Europe for its easy business setup and low administrative burden. The World Bank’s 2024 Doing Business Index placed Denmark in the top three globally, citing its same-day online company registration process.

Corporate taxes are set at 22%, and the country boasts simple reporting requirements. In 2023, the European Innovation Scoreboard praised Denmark’s thriving tech startup scene and government-backed grants for small businesses.

The Danish labor market is flexible, allowing companies to hire and fire with minimal red tape. Infrastructure is top-notch, with reliable digital connectivity and logistics.

Denmark also leads in sustainability, making it attractive for green ventures.

New Zealand: Effortless Entrepreneurship

New Zealand continues to be a favorite for entrepreneurs, ranking second worldwide for ease of doing business in 2024. Registering a company can be completed in less than a day, and the cost is among the lowest in the world, as noted by the World Economic Forum.

The country maintains a 28% corporate tax rate, but tax compliance is famously straightforward. New Zealand’s legal system is transparent, and contract enforcement is efficient according to the IMF’s 2024 review.

There are no capital gains taxes, making it even more appealing for investors. The government actively supports startups through grants, especially in the agritech and clean energy sectors.

A stable political climate and high quality of life round out its business advantages.

Sweden: Digital Innovation Leader

Sweden’s reputation as a digital leader has only grown stronger in recent years. The 2024 Global Innovation Index ranks Sweden among the top five for business innovation and digital readiness.

Corporate tax is set at 20.6%, making it one of the lowest in the EU. In 2023, Sweden’s government introduced new incentives for green technology and biotech startups, attracting a surge in foreign investment.

The labor force is highly educated, with over 70% of adults holding tertiary qualifications according to Eurostat. Startup hubs in Stockholm are thriving, producing unicorns like Spotify and Klarna.

Transparent regulations and a reliable legal system make Sweden a safe bet for international business.

United Arab Emirates: Middle East Magnet

The United Arab Emirates has rapidly become a hotspot for international business, especially since its major regulatory reforms in 2023. The UAE now allows 100% foreign ownership in most sectors and has set the corporate tax rate at 9% starting from 2024, the lowest in the region.

According to the UAE Ministry of Economy, new business registrations rose by 23% in 2024. Dubai and Abu Dhabi are celebrated for their world-class infrastructure and connectivity.

Free zones offer zero taxes and full profit repatriation, drawing startups and global giants alike. The UAE’s strategic location between Europe, Asia, and Africa gives it unmatched logistical advantages.

Political stability and pro-business policies ensure continued growth.

Netherlands: Gateway to Europe

The Netherlands is known as the “Gateway to Europe” for good reason. The 2024 World Competitiveness Yearbook ranks the Netherlands in the top ten globally, praising its efficient customs, logistics, and digital infrastructure.

Corporate tax rates dropped to 19% for profits under €200,000 in 2023, making it attractive for SMEs and large firms. Amsterdam and Rotterdam are major international trade and tech hubs, with a thriving startup scene supported by government grants.

English is widely spoken, easing market entry for foreign entrepreneurs. The Dutch government has streamlined visa processes for tech talent, fueling even more innovation.

Transparent regulation and low corruption add to its business-friendly reputation.

Hong Kong: Asia’s Financial Engine

Despite recent geopolitical tensions, Hong Kong remains a powerhouse for business in Asia. According to the Heritage Foundation’s 2024 Economic Freedom Index, Hong Kong still leads for ease of business setup and property rights.

Corporate tax rates are capped at 16.5%, and personal tax is low, making it a magnet for global finance. The city’s port remains one of the world’s busiest, supporting robust trade flows.

In 2023, new fintech regulations streamlined licensing, leading to a 30% increase in fintech startups. The legal system is based on English common law, offering predictability for investors.

Hong Kong’s free flow of capital and absence of foreign exchange controls continue to attract multinational firms.

Switzerland: Stability and Sophistication

Switzerland’s legendary stability is a cornerstone of its business appeal. The country ranked fourth in the IMD World Competitiveness Rankings 2024, thanks to its advanced financial sector and high-quality infrastructure.

Corporate tax rates vary by canton, but recent reforms have lowered rates to as little as 14% in some regions. In 2023, Switzerland strengthened its support for fintech and biotech startups through federal grants and tax incentives.

The workforce is highly skilled, with a strong emphasis on vocational training. Switzerland’s neutral politics and strong rule of law make it a favorite for international headquarters.

Its central location in Europe enables easy access to major markets.

Norway: Sustainable Business Champion

Norway’s commitment to sustainability and innovation has placed it firmly among the world’s most business-friendly nations. The World Bank’s 2024 report highlights Norway’s simple business registration process and robust intellectual property protections.

Corporate tax is set at 22%, with additional incentives for tech and green energy companies introduced in 2023. Oslo has emerged as a major hub for cleantech and maritime startups.

The Norwegian government’s digital services make compliance easy for new companies. High transparency and low corruption are hallmarks of the business climate.

Norway’s strong social safety net also means a highly educated and healthy workforce.

Canada: North America’s Business Hotspot

Canada rounds out the top ten with its welcoming environment for entrepreneurs and multinationals. According to the World Economic Forum’s 2024 Global Competitiveness Report, Canada scores highly for ease of starting a business and investor protection.

Corporate tax rates average 15% federally, with additional provincial taxes. In 2023, the Canadian government launched new programs to support AI and tech startups, drawing record foreign investment.

English and French proficiency ensures smooth communication with global partners. Canada’s major cities like Toronto and Vancouver are tech and finance centers.

Reliable infrastructure and a stable political climate make Canada a consistent favorite for business expansion.

Get more from Travelbucketlist!

What do you think about this topic? Share your thoughts in the comments below — we would love to hear from you! Want more stories like this? Follow us and never miss out!