This Business News Story Was Uncovered By Us From: https://blog.eonetwork.org/2019/06/best-countries-asia-pacific-startups/
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Have you ever wondered where you’d have the best chance at start-up success in the APAC region? Researchers at ValueChampion analyzed publically available economic data—including the cost of doing business, business environment and quality of labor force—in order to rank the top 12 countries for entrepreneurs. The original article appeared on ValueChampion’s blog here.
The top countries for startups in Asia-Pacific have strong economies, low costs of doing business, healthy business environments and well-educated people. We used publicly available data to score countries based on their rank across these categories.
Note: A lower number indicates a higher ranking—or a better location for startups.
1. Singapore
The World Bank rates Singapore as the second best country in the world to conduct business. Singapore is a relatively wealthy country, with GDP per capita of US$52,962, low unemployment (2.15 percent) and high internet accessibility (81 percent). The country has a high cost of living, but small businesses are offered tax incentives, and Singapore has the highest rate of adults with post-secondary schooling (42 percent). Last, the World Economic Forum ranks Singapore’s public institutions as #2 worldwide. Given these metrics, the country is an excellent place for individuals to start and grow businesses.
2. Hong Kong
Hong Kong, where startups will find strong public institutions and good access to financing, came in tied for #2 on our list. Similar to Singapore, Hong Kong has a high GDP per capita (US$43,741) and low unemployment (3.7 perc… Read More
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