One might argue that an entrepreneur might attain success regardless of the location of where he or she is at. However, it is undeniable that some places are more suitable for those looking to start a business, especially for those who are looking into opening their first venture. Location is an important thing to consider when starting a business. For example, one city might be more suitable for certain industries than other. Moreover, some municipalities might offer a series of benefits to budding entrepreneurs.
Today, we would like to present you with a list we have compiled of the top 6 best places around the world for entrepreneurs. Read our brief overview of these cities and decided whether it would be suitable for the business you are trying to open. Let’s take a look at the countdown.
No. 6: Sydney, Australia
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Sydney officials offer numerous benefits for those wishing to open their startup on Australian soil, such as shared work spaces or incubators. In addition, big corporations such as Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN), who both have date centers in the area, provide the adequate infrastructure for a developing tech industry. And if this is not enough to convince, you should also know that Sydney has one of strongest and most reliable economies worldwide.
No. 5: Santiago, Chile
With the help of the local government, Santiago is slowly growing into a technology hot spot. The federal programs implemented in the area have allowed hundreds of companies to relocate to Santiago and more are planning to follow in their footsteps.
No. 4: Moscow, Russia
Though not necessarily the first city that comes to mind when thinking about opening a business, Moscow is a force to be reckoned with in the world of entrepreneurship. According to Wired Magazine, the Russian capital is one of the hottest European spot for startups. The strong and growing economy has generated a massive increase in Internet-related products as well as technology.
No. 3: Sao Paolo, Brazil
Sao Paolo is the headquarters for all major startups in Brazil. With a multitude of international companies and venture capital opportunities, Sao Paolo is a burgeoning business center. The driving forces in the area are represented by technology, financial services, and marketing.
No. 2: Austin, Texas – US
Like all cities on our countdown, Austin has flourished over the past years, transforming itself in a perfect location for both established and rookie entrepreneurs. The permissive tax regimen, alongside the influx of professionals and the growth of the local industry make Austin a city to consider when opening a business.
No. 1: Singapore, Singapore
Singapore is an emerging international business center, which has developed significantly over the past few years. In particular, Singapore has grown into a favorite destination for health care corporations, with major pharmaceutical firms such as Roche and Abbott Laboratories (NYSE:ABT) both expanding their reach in the Asian city. However, with an ever growing and stable economy, Singapore can be the perfect match for a multitude of other businesses.
