Your Business is growing leaps and bounds and you are ready to expand your startup further. Question is, where?
House to around three-fourth of world population, Asia has certainly made a lot of economic progress by attracting a lot of attention in the past few years. It is not because of the vast population but also because the area continues to flourish and shows more openness to trade than ever. In 2014 alone, as much as $38.9 billion was invested across 1,357 deals, up from just $9.4 billion the previous year, according to data from research firm Aranca.
We highlight top three of the 48 countries in this continent, brimming with optimism producing a positive balanced environment, best suited for the business advancement.
1- Singapore:
Singapore has long been a blossoming business epicenter in Asia, it is home to the Asian headquarters of major U.S. companies such as Google, Uber and Facebook.
The country is prominent as a transportation hub with a topnotch telecommunication infrastructure. It is home to the award-winning Changi Airport and an erudite port infrastructure, which has been awarded the ‘Best Seaport in Asia’ (Asian Freight and Supply Chain Awards) back to back for 24 years to date.
Singapore has multiracial society that is as diverse as it is cohesive. Due to the business environment the area is a massive pool of talent which prove to be the most productive and motivated workforce in the region.
Singapore’s stable political environment, public services opportunities and diverse environment makes it most suitable as a business destination. The country has been ranked #1 by the World Bank as the World’s Easiest Place to Do Business, for seven consecutive years to date. You may need to know more about company formation in Singapore to start your business today.
2- Malaysia:
It may not be wrong to call Malaysia a very equitable destination for business investment and expansion due to the strategic business environment, investor-friendly jurisdiction and proficient tax planning and wealth controlling system.
Malaysia is a well-positioned country safe from major natural disaster such as earthquakes, tsunamis, and typhoons. It has a tremendous network of highways which improve connectivity across the country with efficient cross-border highway link with Singapore right up to Thailand. It is home to International award-winning budget airline Air Asia too.
It is a multi-ethnic and multi-cultural country with a population of 30 million living together harmoniously since this country came into being. It provides an excellent world-class education along with an affordable and advanced health system.
Malaysia’s economy is one of the most competitive in the world, ranking 14th in 2015. Today it has a diversified economy and has become a leading exporter of electrical appliances, electronic parts, palm oil, and natural gas. With 3.0 % inflation rate and GDP growth of 6.0% (2014) the country is developing economically at a greater pace.
No wonder why the country is ranked 6th by World Bank for Ease in doing business in 2014 and setting up a company in Malaysia can certainly open doors to a new big market for your business.
Thailand:
Besides the natural beauty and the food for which it is justly famous, Thailand is also one of the emerging markets in the world. With its strategic location this country is a gateway to Asia.
It has made remarkable progress in social and economic development, moving from a low-income country to an upper-income country in less than a generation due to steady growth, strong export, and vibrant domestic consumer market and not to forget the skilled and cost-effective labor. In 2014, Thailand was ranked 5th by Bloomberg as one of the most promising emerging markets in the world.
The country offers young and well-educated workforce, excellent health services and amazing infrastructure (seven international airports, six deep sea ports and two international river ports).
Company formation in Thailand is quick and hassle free for all foreign investors as Thailand was placed 18th by the World Bank in the list of easiest countries in the world to do business (2014). Its economy and statistics suggest that Thailand is an under-valued investment destination.
With the economy transforming, this is the high time to seek the business opportunities in Asia. Go ahead and join the action before others jump in. Experts predict that the economic environment in the continent will further improve in the coming months.
