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I'm curious if anyone has worked for a company in Singapore, done lots of business with one, or better yet started one. By these rankings and the stereotypes I've learned it basically seems like a capitalist's paradise, with practically the whole society being pro-business and a gigantic minority of the population (42% according to Wikipedia) being foreign workers/students.
I'm curious if anyone has worked for a company in Singapore, done lots of business with one, or better yet started one. By these rankings and the stereotypes I've learned it basically seems like a capitalist's paradise, with practically the whole society being pro-business and a gigantic minority of the population (42% according to Wikipedia) being foreign workers/students.
The Startup: http://www.gameplanapp.com
I have no affiliation with them, just been reading their blog
Anyone know why?
Yes, Italy did it! Last in Western Europe and highly developed countries (a part from Greece).
Starting a business in the United States is a little like pulling your own teeth while getting your fingernails trimmed with a wood chipper. The fact that it still ranks fourth overall just indicates how much worse most of the rest of the world is. It's amazing to me that so many nations (the US included) seem to want it to be so difficult for people to succeed in business.
Starting a business in the United States is a little like pulling your own teeth while getting your fingernails trimmed with a wood chipper. The fact that it still ranks fourth overall just indicates how much worse most of the rest of the world is. It's amazing to me that so many nations (the US included) seem to want it to be so difficult for people to succeed in business.
Perhaps I'm doing something very wrong or very illegal, but nothing I've read seems to suggest that.
What did you find to be so much more painful?
Not sure how accurate this list is. Thailand, for instance, requires all businesses to have at least 51% Thai ownership, and I've heard Thai courts are fairly heavily biased towards locals over foreigners. Foreigners can skirt around this a little bit by having 10+ Thai silent partners in different parts of the country that don't know each other who collect a dividend or payment each year without active involvement,…
But I am also wondering how accurate this list is. And what qualifies as a "business"? Here in Thailand, many small businesses don't requite any form of legal entity and opening a small shop for example would be as easy as renting some space, putting in inventory and open your doors.... doens't get much easier then that. Imagine trying that in the US or UK... The ease of opening a small business here in Thailand beats any country that comes before Thailand on that list...
Not sure how accurate this list is. Thailand, for instance, requires all businesses to have at least 51% Thai ownership, and I've heard Thai courts are fairly heavily biased towards locals over foreigners. Foreigners can skirt around this a little bit by having 10+ Thai silent partners in different parts of the country that don't know each other who collect a dividend or payment each year without active involvement,…
You're wrong here. For certain businesses, foreign ownership can be the full 100%. When we opened our business here, we actually had the change to go this route, but choose not to because it would have been more hassle though. But I am also wondering how accurate this list is. And what qualifies as a "business"? Here in Thailand, many small businesses don't requite any form of legal entity and opening a small shop fo…
Could you elaborate on how it went with your business? I'd like to learn more because I like some parts of Thailand, but I always heard differently. Here's the top google result, for instance:
"A foreigner can form or buy a Thai company, and even be the sole director of it, but Thai citizens must jointly own at least 51% of its shares – meaning a majority is technically under Thai control. Currently it is possible to allocate shares to several unrelated people, who could have no combined effect on the company's business, and this can be arranged by the lawyer, but along with most things connected with business in Thailand, there are considerable risks involved."
http://www.retire-asia.com/thaibiz.shtml
Actually, the whole article is generally very cautionary and negative against a foreigner owning a business in Thailand, which jives with what I've heard people who spend time there say.
Maybe it's only businesses with real estate ownership or leases that come under these terms? EX, no real estate, then don't worry about it? I think regardless, you'd be fine working from your laptop.
Anyways, I'm curious if you want to elaborate more. International business law is one of those things that every little bit you know becomes more helpful in understanding the broad picture of how markets work, imports/exports work, etc. It's something I try to pay attention to, research, and ask questions about when I'm visiting a place.