Top Countries for Starting Your Business
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- čas přidán 25. 07. 2024
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Most people live their whole lives in the country they were born in. And so it’s easy to see why most businesspeople base their operations in their home countries. But there are good reasons to look around the world and see if your business might be better located somewhere else.
As a company that works with many wealthy people, we know many factors make a business successful, and where it is located can be the first major decision for investors and entrepreneurs.
There are a lot of places in the world where countries will compete for your business so you don't need to stay in your home country if you're not treated well.
00:00 Start
00:58 Business Growth Through Diversification
02:30 Countries Will Compete for Your Business
06:00 Moving to Europe
07:06 Living in Thailand
08:08 Living in Malaysia
09:22 Immigrate to Greece
10:14 Living in Turkey
11:18 Investing Internationally
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Philippines now offers 100% foreign ownership in businesses and corporations for the first time. Something to consider
As a native citizen of Greece , do not start your business in greece , you have to pay 40% taxes and the inflation is very high , besides that the irs is very strict here and in general if you setup your business here in Greece , you are gonna feel like you play unfair mario and rage quit from the game
Thanks, a lot
exactly same in Serbia
I was just thinking about this topic and you pushed this video out. Thanks!
Lots of good thoughts in this vid! Let the countries compete for your business
Honestly, I am getting a feeling its easier to start a business abroad then to get a job abroad.
Thats absolutely true! Also its not very easy to get someone to hire a non local. Most employers prefer to hire a local for several reasons. If the country is a non English speaking country they will want you to be fluent in the local language for starters. The possible issue with income tax if you aren’t a citizen plus do you have a work visa or just a tourist visa. There are a dozen different reasons that make getting a job overseas more difficult than simply starting your own business.
@@prepperjonpnw6482 And the thing that confuses me the most is so many blogs and articles out there talking about severe labor shortage in USA omg and demand of software developers increasing omg. ok, but if that is true than why is getting the h1b visa still like getting a nobel prize? If old uncle sam is so desperate for employees, then shouldnt there be an american job seeker visa by now? i mean, either all this labor shortage is true or theres some real smelly politics going on in usa.
Yes!
@@zeejay-junejo as former H1b holder from europe, you couldn't pay me to go back to the US. there's no way I would ever move back there and a lot of people feel the same. no benefit living in a second world country when there's so many better options.
@@zeejay-junejo ? they pass out h1b's like candy, hundreds of thousands per year
Hey Andrew, recently found this channel and I love all your videos I've watched so far.
My Question is, How do I move my business to a more convenient country?
The problem with socialism is that eventually you run out of other people's money. - Margaret Thatcher
True
Well said!
GO WHERE YOU TREATED BEST 💪
Rightly said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement.
I'll strongly advise you lookup Christine Lynn Saitta, she have been our real investment prodigy and has also help me handled my trades for over 17 months now.
So many people making huge money on short term investment. I will also advice you seek an expert advice
A news host spoke so highly of💕 Christine Lynn Saitta and her loss prevention strategies been trying to get to her ever since didn’t know she was so accessible.
Paid off my $92000 debt within 8 months thanks to Madam Christine! So happy we are finally onto baby step 4, 5 & 6! Amazing! 🇨🇦
@@lezliewhicker8450I just lookup her name and found her qualifications on FINRA and SEC, she seems really solid. I already leave her a mail on her webpage, thanks🙏
I expected more like a top 10 scenario and then give reasons to weight more. However, I highly value and highly appreciate your expertise.
Ill just noticed your closing on half mill subs 👍.
Thank you for this content 🙏
Sir thanks for guidance.
can you recommend countries to consider when looking for countries to create offshore companies in? Thanks!
@LorenschristiaensI’m an afghan doing business in Saudi Arabia . Planning to get a European passport for financial reasons
I just traveled to the Dominican Republic from Spain, great incentives to own real estate and booming construction business ... thinking of moving out !
what's the business banking scene right now in the UAE? what's up with those freezone companies?
Will the EU suspend visa waiver agreement with Caribbean countries same as VANUATU?
Great Job Andrew Respect from Detroit 🇺🇸
thank you!
Andrew we are both so similar I'm surprised we haven't met previously. We both have basically the same likes and dislikes and opinions of countries and regions and people and same fashion. Thanks for your videos. I subscribed. Regards. Darren. ( Born in Eton. At present in Minsk).
Hi, I will be launching an online business in two weeks. Once the website is online, I will working on registering the LLC. What do you suggest, which country should I register that in? I was thinking USA and in Florida. Open to suggestions.
Africa is great if you have ancestry. Low regulation means you can be on the topside of the inequality
South Africa is very racist, please do
due dilligence.
Africa is extremely volatile environment for business and can be very dangerous during political crises, which is frequent
Benin is a good place, it's stable as a base and it's located in between two big economies Nigeria and Ghana, and of course they all belong to ecowas trade union..!, if one starts a busines have a great chance to succeed..
Botswana is very stable.
Yeah but having a GDP of the UK for an entire continent is not very appealing tbh!
Any video on rwanda for business? Heard you can open a business there with 0 capital requirement.
I don't recall ever hearing you talk about Philippines. Do you have a pro/con opinion regarding, residence visa process, taxes, crypto, and/or opening a business there?
Nalaysia is just good to stay as holiday . Long stay . Their policy keep changing every election when leaders change
Exactly and they dont allow 100% foreign ownership
Amazing video!
Thank you, Louis.
Doesn't malaysia restrict 100% foreign ownership? How does that make malaysia a good option?
What about a lite Manufacturing business? Where is the best place for material availability and skilled "maker" workers?
Depends of type of manufacturing. Vietnam is just fantastic but you need to speak language or know someone.
Can you tell us where our investments would be far from US and EU illegal sunctions!???? Please!!!!
Hi AH; could you do a video on those who just want temporary/permanent resident Permit, it is not Citizenship however, it could be described as 4/5 as good and as someone who never votes it would suit me just fine . Thanks for sharing .....
Which country i should start a UI/UX design company can anyone please tell me
Don't open a business in Türkiye; coming from a Turkish guy. I'm considering dubai. Idc about residency as its online business all I want is zero or next to zero tax theft. If residency is important for you though then of course consider your options.
Hi Andrew There's a rule that says that Italians, Portugueses and Spanish people who move for tax havens are taxed for the first five years after moving there. How to overtake this rule if you want to move to tax-free country?
You can't - you do it gradually. Move to country with Tax treaty with these countries, lower your taxes. After which you are free to go anywhere. Like Andrews says you need proper planning.
I don't know about Italy or Spain but in portugal's case it only apllies to blacklisted jurisdictions. They have a blacklist and if u move to countries on that list you're still seen as a Portuguese tax resident for a few years. What are countries on this list? The panamas of the world, countries known to be destinations for people who don't wanna pay taxes. That said it's not about the country's laws, but perception. You'll find high taxed countries on that list like Trinidad and Tobago, but it's an island so it must be shady. It's all a matter of perception. That said a country like Malaysia doesn't have this sort of reputation and therefore is not blacklisted, meaning u could move there and become a tax resident while potentially paying 0 or very low tax. When you're no longer in the portugal's tax net you're free to become a tax resident wherever u want
the risks of going where you are treated best, mean you are willing to do business where Maslow's hierarchy of needs is unbalanced or has some layer removed. Yet you are running away from some layers being removed from your current jurisdiction. I think very few countries are NOT removing layers nor improving layers.
then why keep watching? According to you everywhere is shit and people should just stay home. you miss the point entirely.
The TITLE of this youtube has little to do with Andrew's discussion,,, disappointing.
Thailandia Turchia Singapore Dubai malesya Grecia Giorgia ...but what is the best one for italian people ? ...
svizzera !
I'm trying to escape sweden, taxes are killing me. As a small businesses owner... im giving a new car every month in taxes😢😢
It all sounds good, but I am in the process of starting a high end motion picture production, so I need to be in a country with large English speaking base (not necessarily an English speaking country), Western culture, great infrastructure, inspiring environment, no corruption, low taxes, skilled-reliable people, good weather all year round and of course, where we'll be treated best 😉
Could check out the Caribbean
Like the Cayman islands
The Netherlands?
@@rwg2115 Netherlands has high taxes and bad weather.
@@cineffect Is the country a Nanny state?
Run, don't start a business in canada, their are so many forms and regulations and fee 's, and tax here and their. The government want it big piece.
Starting early is The Best way of getting ahead to build wealth, investing remains a priority.The stock market has plenty of opportunities to earn a decent PAY-OUT with the right skills and proper understanding of How the market works
The Stock Market is a rigged system. You can make profits but it's more about smart gambling as opposed to investing in a business. If you want to invest in business go with private equity.
Best country to start a passive real estate rental business? The visa duration should be long enough so I dont have to renew it every now and then, real estate ownership freehold, and low/average taxes, and also no sponsor required!
Which sovereign individual book
You can see more about that book in this video: czcams.com/video/4TcVphNEq7M/video.html
What about Poland?
Mr Andrew
Wts ur thoughts on living in Vietnam & which city is best with options for doing export trading business?
Is it safe & secure for retirement?
Is it expensive for living?
Can foreigners buy freehold apt?
Tnkx
Amazing country, fantastic people. Ho Chi Min would be the best to start business. Visa a bit complicated but manageable. Smaller towns extremely safe. HCM city not dangerous but watch out your phone on street. No one will attack you on the street. Never heard of it. Retirement would be good about 400km Noth of HCM city, quality of air and people way way more friendly. Better go and spend some time yourself to get a bigger and better picture. Amazing country
@@lusvus5445 tnkx
Granny grammar lesson. 😂
Dont think EU is the place anymore, too expensive and too risky
First 👍🏼
Since the beginning of the conflict in Ukraine, I would not bother to invest in any NATO countries and main reason for it, the way they gone after any Russian oligarch and freeze & seized their assets.
For example how the UK government treating Roman Abramovich football club, Chelsea. They have to permits here, permits there,just to trade. So for now, forget about North America/ Europe.
Cannot trust this countries with assets anymore unfortunately. Will be seized for no reason
@Smile Seen as they can go after Russia, no other Western countries are immune. I think the best way forward, is what China has done by building their own payment system that the west do not like.
I could see countries in the future giving out citizenships based on your DNA (ancestry) results
If only they had a way to get everyones DNA
Thailand is ok
I live in Thailand. It is great as long as you have MONEY.
@@davidjoseph4459 That’s anywhere in the world. I am a real estate investor in Thailand - always add 15% for bribes, gifts and paperwork in Thailand. I live in Koh Samui on the beach, maid, cook, chauffeur, nanny, multiple harem of beautiful women, and now just got a 60 foot Princess. Only issue is banking - getting money out is not easy like say West or Singapore. Vietnam is another option that’s overlooked.
@@davidjoseph4459 Please name any country that you can live well WITHOUT MONEY 🤔
I live in India for $250 a month.
@@baboo5054 where exactly best places to live in India?
Do not start in Serbia either. It might seem OK but the attitude is 100% like other southern countries, greece italy etc, and you can't even naturalize either.
I have made a video about what kind of businesses that can be made in The Dominican Republic for anyone who wants to invest here. Once I get it edited, I'll publish it. But we can talk about that on this thread if you're interested.
TAX IS THEFT
✅✅✅✅
Hong Kong is the best. Everything is professional, legit and corruption-free and people are used to the common law systems
CCP?