I want to start an online business with sole 100% foreign ownership. As it's an online Marketing and Design business, the registration for me is just a legality and something that will support my credibility. All my operations will be conducted online. I've read many articles about the best countries to start a business in, and I can see many recommendations going to New Zealand, Australia and Singapore. I've read a lot about each country but I also believe getting practical recommendations is essential. Which country do you recommend for an online business model? In terms of ease of starting a business, laws, country stability, credibility, taxes and ease of business growth in terms of operations (such as office rental costs..etc) Looking forward to hearing from you and even talking further about it after your answer.
There is a very interesting trick you can use to define appropriate country/market for your business.
It's a content saturation method.
1) Firstly try to measure content saturation on different markets. There is a very high correlation between businesses and related content. It helps you to understand market size and level of competitiveness. More content - more market, higher saturation - higher competitiveness.
2) Then use google trends to define the fluctuations of demand on these markets. Choose options with higher growth and demand level.
3) When you define few winners, try to rely on Law, Tax environment to choose best option taking into account:
- how much you need to invest to start;
- how much you can earn after taxes and constant costs.
Answered 9 years ago
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