In this article, we will take a look at the 5 best foreign countries to do business in. If you want to read our detailed analysis, you can go directly to 25 Best Foreign Countries to Do Business In.
5. France
Corporate Tax Rate (2024): 25%
Foreign Direct Investment (2022): $105.42 Billion
GDP per Capita (2024): $47,358.56
National Entrepreneurial Context Index (2023): 5
Insider Monkey Score: 10.33
France is one of the best countries to do business in. France had a foreign direct investment of $105.42 billion in 2022, the second largest on our list. France boasts a GDP per capita of over $47,000 and has a corporate income tax rate of 25%.
4. Saudi Arabia
Corporate Tax Rate (2024): 20%
Foreign Direct Investment (2022): $28.06 Billion
GDP per Capita (2024): $33,039.93
National Entrepreneurial Context Index (2023): 6.3
Insider Monkey Score: 8.67
Saudi Arabia is the fourth best foreign country to do business in. The country ranks third on the National Entrepreneurial Context Index with a score of 6.3. Saudi Arabia logged $28.06 billion in foreign direct investment in 2022 and has a corporate income tax rate of 20%.
3. Canada
Corporate Tax Rate (2024): 15%
Foreign Direct Investment (2022): $49.98 Billion
GDP per Capita (2024): $54,866.05
National Entrepreneurial Context Index (2023): 4.8
Insider Monkey Score: 8.67
Canada is one of the best countries to do business in with an Insider Monkey Score of 8.67. The federal corporate income tax rate in Canada is 15%, and the provincial charge may range between 8% to 16%, not deductible for federal corporate income tax purposes.
2. Germany
Corporate Tax Rate (2024): 15.825%
Foreign Direct Investment (2022): $62.73 Billion
GDP per Capita (2024): $54,290.94
National Entrepreneurial Context Index (2023): 4.8
Insider Monkey Score: 8.50
With an Insider Monkey score of 8.5, Germany ranks second on our list of the best foreign countries to do business in. Germany had a foreign direct investment worth $62.73 billion in 2022, the fourth largest on our list. While the corporate income tax is 15.825%, Germany also has a trade tax ranging from 8.75% to 20.3%, depending on the location of the business.
1. United Arab Emirates
Corporate Tax Rate (2024): 9%
Foreign Direct Investment (2022): $22.74 Billion
GDP per Capita (2024): $53,916.03
National Entrepreneurial Context Index (2023): 7.7
Insider Monkey Score: 5.17
The United Arab Emirates ranks first in our list of the best foreign countries to do business in. UAE had the highest rank on the National Entrepreneurial Context Index and ranked second on the corporate tax ranking with a corporate tax of 9%, as of July 8.
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