The US boasts the world’s largest GDP (around $20 trillion), low unemployment rates, and top-ranked entrepreneurial infrastructures. With that in mind, the US market is extremely diverse, offering adequate buying power, and government support for local venture funding has been at an all-time high. The American culture has globally influenced many nations and has become the top spot for new startups in 2020.
Brexit might have scared off some investors, but the UK holds a reliable and extremely well-governed economy. Local authorities have improved taxation policies, seeing a rise in investor profiles, business incorporations, and currently stands at a 0.7% inflation rate as of 2019. Entrepreneurial infrastructure falls close behind the US, and being the country with the lowest corporation tax from all G20 countries, the UK is a great choice to consider.
As Europe’s biggest economic powerhouse, Germany holds a great and extremely well-educated workforce. The nation has been one of the most attractive startup destinations for years, offering business owners and entrepreneurs an opportunity to use the well-funded European markets. As a key member of the EU, Germany sits on a $3.6 trillion GDP as of 2017.
The Eastern Hemisphere has become a popular choice for prominent business investors and, recently, startups. A wealthy nation with high levels of education and political stability, Singapore offers easier market access and free trade agreements. It’s a melting pot of cultures, and their local economy has seen a 2% growth each year.
A different choice from Europe or North America, the island nation has seen a booming economic influx, with more skilled workers, affordable wages, and simple startup procedures. The country has a 0.6% inflation rate, a 3.6% GDP growth, low-interest rates, and local government has become more business-friendly, with easier access to local statistics.