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Which country to build your startup in ?
This is a biased question: I will say that 99% of entrepreneurs create their startup on the country they live in.
but some startups may decide to build in other countries, there's only few countries attractive enough to push them to live their native country, those countries have a combination of super attraction power
- Very high startup investement capabilities
- Very high market potential
- Equal or better quality of life
All the other factors can be solved (money bring expert bring talent etc..)
you must consider:
1- the business idea which country need it.
2- which country is the lowest launch cost.
3- Tax is low as possible
4- government support start nup
5- country regulations
6- market size
7- number of competitors.
Most important things to be consider are
1. Tax and custom duties
2. Climatic and environmental conditions
3. Rules and regulation -Trade & Law
4.Currency Value & transaction desk
5. Language , culture & religious aspects
Hi Thurayya,
Let me start by saying, that the trading equation consist of 2 main elements (Products & End users). The first thing after identifying the position of your product (image and price) is to learn about the target audience you want to go after and if they exist in the subject market with the proper capacity and size to optimize your financial plans and secure the potential revenue required for your economic profit.
The second most important thing, is people and talent who will run the business for you. Whether you will recruit locally or import talent from outside, this can be a very extreme challenge in today's business, as they will be the real asset to your business after the product itself.
Anything else comes after that, whether it is logistics, IT, marketing startegy or advertising mediums, crm & customer touch points . . . . . etc
I hope this help.
Best of luck
I only have one answer and that is if you have no clarity from inception before moving forward, listening to hearsay possibly from many who have not been in business for years and who have not failed, is secure an experienced Mentor, it will save you many years of agony, not only in business, thank you.
1. Security
2. Logistics and Infrastructure
3. Resources
4. Trading Opportunities
5. Taxes
Read more for detail. 5 Factors
