Interesting to see Chile so far down the list (well, 49th) given how keen they have been to attract startups recently.
Countries ranked by ease of starting a business
81–90 of 101 posts
Re: Countries ranked by ease of starting a business
#82Well, that put numbers around my recent decision to return from Spain to the UK. I love Spain to bits, but doing business there, legally, is utterly impossible even when fluent in the language. It's very easy to do business there illegally and cheap, if that's your thing.
It's not impossible, but it is a gigantic pain in the ass. We contracted a law
Re: Countries ranked by ease of starting a business
#83I'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.
My impression was it used to be a haven for large business. But due to rising costs they are moving nearby to Malaysia and Indonesia and just keeping management offices in Singapore (ex. memc.com). I haven't heard of it attracting young international people looking to do startups primarily because it's not a very liberal society. Chewing gum is illegal and cannabis possession carries a penalty of execution. A sharp c…
Why do you bother about chewing gum and having cannabis if you are looking for a place to start or run a business? Doesn't factors like low corruption, safety or market size matters more?
Re: Countries ranked by ease of starting a business
#84I'm surprised Israel was so low given the info I read in the book Startup Nation ( http://www.startupnationbook.com/ )
Israel ranks really low on "Dealing with Construction Permits" and "Registering Property", according to this list. Don't let this list fool you, it's a true start up nation. The amount of tech and start-ups coming from Israel is amazing. From the book: "a country of 7.1 million, only 60 years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources— produces more start-up c…
I suspect that not having the correct ethnicity or religious beliefs would be an obstacle for some though.
Re: Countries ranked by ease of starting a business
#85The rankings seem almost arbitrary. South Africa is 2 for getting credit. I'm South African and there's just now way that's true. Banking in SA is extremely expensive and there's no such thing as a free checking account. Most of the population has no credit history and those who do use credit sparingly and find it hard to get. US is 8 and UK 16 for starting a business. What does that mean? It's hard/easy to incorpora…
>Most of the population has no credit history and those who do use credit sparingly and find it hard to get
I don't agree with you here. The entire furniture retail industry is based on selling goods on credit to poor people. The National Credit Act tightened lending up, and reduced some of the more blatant exploitation, but it is very easy to get credit, if you want it.
>Paying taxes in the USA is 61 vs South Africa's 23? No way. Paying your taxes in South Africa is a serious pain in the behind - I continue to do it. We file our USA C corp and personal corp taxes ourselves each year and it's a breeze in the States.
I am surprised that you consider tax in South Africa to be more complex than the US. Could you elaborate?
Re: Countries ranked by ease of starting a business
#86Starting a company in New Zealand was pleasantly surprising. First you sign up for an account at http://companies.govt.nz , then you use the web app (which worked fine with Opera) to fill in the details about your new company. Consent forms are emailed to you, which you fill out, scan in and upload. A few hours later, after being reviewed by a human, your company is formed and your certificate of incoproration is ema…
Wondering why remaining nations fail to emulate NZ.
Re: Countries ranked by ease of starting a business
#87Just wanted to mention the process of registering a company in India has mostly moved online using the Ministry of Company Affairs website ( http://www.mca.gov.in/ ). The most time consuming thing is acquiring a Digital Certificate (which is how most financial filings are done in India these days), which involves in-person verification. India recently introduced Limited Liability Partnerships ( http://www.llp.gov.in/…
e-Governance == e-Red Tape (in India)
Re: Countries ranked by ease of starting a business
#88Earlier quoted context omitted.
My impression was it used to be a haven for large business. But due to rising costs they are moving nearby to Malaysia and Indonesia and just keeping management offices in Singapore (ex. memc.com). I haven't heard of it attracting young international people looking to do startups primarily because it's not a very liberal society. Chewing gum is illegal and cannabis possession carries a penalty of execution. A sharp c…
Why do you bother about chewing gum and having cannabis if you are looking for a place to start or run a business? Doesn't factors like low corruption, safety or market size matters more?
"Disneyland with the death penalty" may be a unique selling proposition but I well believe it when metamemetics says it's bad at "attracting young international people looking to do startups".
There's a lot more than that, e.g. you have to be careful about what you write and perhaps say about the government.
Re: Countries ranked by ease of starting a business
#89Note: there is literally no relationship between a country's 'Starting a Business' rank and their 'Closing a Business.'
This seems odd to me, but wonder if anyone has an explanation as to why this might be?
Re: Countries ranked by ease of starting a business
#90Shocking results for Germany. Know where that is coming from...
But once you have done a bit there it is quiet straight forward.
So let me know if I can help anybody doing business or starting a company in Germany.