Last Updated on January 7, 2021
Denmark
Denmark dominates the global startup locations’ list with its industrial and financial hub, as well as its capital serving. According to the U.S News Best Countries Report, businesses are capable to be quickly established with minimal costs.
Plus, it has a corporate tax rate of 24.5%. However, the gross domestic product is coming in under $46,000, which is average. However, there are highly skilled workforce and very low levels of corruption.
Luxembourg
Luxembourg may be smaller in nature, but it has one of the world’s most competitive tax incentives. Plus, the economy is very developed! In case you are willing to move there from a different country, you will be able to profit from the significant tax benefits they have special for individuals who came from different parts of the world.
According to Expatica, the tax bases of a company composed of 22% income tax, fall at 30.36%, 7.5% municipal trade tax, and 5% unemployment fund.
Panama
If you are highly motivated by tax incentives, but you are concerned for the low corruption, then Panama may be the greatest option for you. Its location is special since it connects South America and Costa Rica, and it is one of the best leading international nations in Central America when it comes to starting a business.
According to Doing Business, Panama is classified at the number 39 on the list of Doing Business in 2018 of launching new businesses.
Indonesia
To have a new startup in Indonesia, you may need more time comparing to other countries on this list, but it is a very safe place to boost entrepreneurs. The government works with the International Finance Corporation to educate start-ups and boost local companies.
